MGMT 1030 Lecture Notes - Lecture 2: Eastern Canada, Simpletech, Second Industrial Revolution
25 Mar 2016
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Document Summary
1929, sakichi toyoda signed licensing agreement with platt brothers of britain. 1983, toyoda signed deal for joint production of small cars with general motor. Toyoda was the world"s most efficient car manufacturer. At 20, he wanted to make looms (cotton spinning machines) more efficient. Father disapproved and villagers disappointed with his attempts and thinking. Found few purchasers, not enough money for further research. Forced to divorce cause he spent too much inventing new machines. Mitsui & company bought exclusive rights to his power looms. Sakichi became chief engineer, finding new ways to improve the power loom. Travelled to us and europe; amazed by what he saw. This company profited greatly a lot due to wwi, his company was an international success. Kiichiro asked for funds, but was denied. Later, when he received enough money, he started hiring engineers to design cars. After wwii, toyoda was in a good shape.
