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Jim Press first non Japananese member of Board. Compare this to Sony and Toyota is far behind in internationalizing the company. Meantime about 34% of sales and 43% of profits for Toyota worlwide come from the North American market, US sales hit 16% market share, andnow Toyota exports nearly 50% of the vehicles sold in the US from 38% in 2005, according to WSJ. The man he will be replacing is internationally minded, Yoshimi Inaba, studied at Northwestern University and heads the Chinese operations. So little net change unless the 5 new members when the Board expands from 25 to 30 members in June reflect a move to internationalization of the Board.
Jim Press first non Japananese member of Board. Compare this to Sony and Toyota is far behind in internationalizing the company. Meantime about 34% of sales and 43% of profits for Toyota worlwide come from the North American market, US sales hit 16% market share, andnow Toyota exports nearly 50% of the vehicles sold in the US from 38% in 2005, according to WSJ. The man he will be replacing is internationally minded, Yoshimi Inaba, studied at Northwestern University and heads the Chinese operations. So little net change unless the 5 new members when the Board expands from 25 to 30 members in June reflect a move to internationalization of the Board.
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This NYT piece suggests that 9 new members for the 30 member board have already been named and none of them are non Japanese. So the similiar WSJ piece stands corrected as these new members have already been named. With 2.54 million cars sold in the US and about half imported from Japan this does not reflect internationalization by any stretch of the imagination, as the NYT puts it the rest are all "graying salarymen". Toyota still reflects its narrow parochial centre in Aichi prefecture around Nagoya and growth has not changed the outlook. Compare this with Sony. There are advantages for Toyota in its hometown centred way of doing things so as not to be distracted by the latest management fad, and maintain focus on quality and efficiency but considering the expansion in overseas markets its amazing that the Board should be so underrepresented with other nationalities.
This NYT piece suggests that 9 new members for the 30 member board have already been named and none of them are non Japanese. So the similiar WSJ piece stands corrected as these new members have already been named. With 2.54 million cars sold in the US and about half imported from Japan this does not reflect internationalization by any stretch of the imagination, as the NYT puts it the rest are all "graying salarymen". Toyota still reflects its narrow parochial centre in Aichi prefecture around Nagoya and growth has not changed the outlook. Compare this with Sony. There are advantages for Toyota in its hometown centred way of doing things so as not to be distracted by the latest management fad, and maintain focus on quality and efficiency but considering the expansion in overseas markets its amazing that the Board should be so underrepresented with other nationalities.
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