In the end, I had to pay $3.3 million dollars to buy back that 90%.
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Question
What do you consider your greatest achievement?
Craft & work
Question
What is the biggest obstacle you have faced professionally?
Craft & work
Question
What do you value most in your friends?
Relationships
Question
What does love feel like?
Relationships
Question
What is the most important lesson life has taught you?
Time & hindsight
Question
How does a new work begin for you?
Craft & work
People fail because they’re taking on new challenges. If they don’t fail, it’s because they’ve only set themselves small goals, and they’ve placed themselves in a safe environment where they aren’t taking on challenges.
Toyota Group employee, Akio Toyoda’s Juku on Quality, Toyota Times, 27 December 2021 source ↗
Others on this question
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Derek Sivers
Founder of CD Baby; author of Anything You Want
Chimamanda Ngozi Adichie
Novelist and essayist
But after one year of medical school I fled. I realized I would be a very unhappy doctor and I really did not want to be responsible for the inadvertent death of my patients. Leaving medical school was a very unusual decision, especially in Nigeria where it is very difficult to get into medical school. Later, people told me that it had been very courageous of me, but I did not feel courageous at all. What I felt then was not courage but a desire to make an effort. To try.
Henry R. Kravis
Financier; co-founder of Kohlberg Kravis Roberts & Co.
We have made many investments in our history. Not all have succeeded. As entrepreneurs willing to take some risk, we have made many mistakes. But when we are successful, we leave the company better than we found it.
Mikhail Gorbachev
General Secretary of the Communist Party of the Soviet Union 1985–1991; President of the Soviet Union 1990–1991
A period of transition to a new quality in all spheres of society's life is accompanied by painful phenomena. When we were initiating perestroika we failed to properly assess and foresee everything. Our society turned out to be hard to move off the ground, not ready for major changes which affect people's vital interests and make them leave behind everything to which they had become accustomed over many years. In the beginning we imprudently generated great expectations, without taking into account the fact that it takes time for people to realize that all have to live and work differently, to stop expecting that new life would be given from above.
More from Akio Toyoda
View profile →Above all, the transformation into a product-centered company. I believe that laid the foundations for future growth and allowed me to hand over to the next leadership.
Recorded
overseas dealer representatives and guests, Akio Toyoda’s Juku, Toyota Times, 14 November 2023
source ↗
I was raised not to dream. I was told to live for others, so I don’t have many dreams, but I face countless obstacles and challenges. Arrogance, conflict, criticism, insults, inaction. At Toyota, there was so much rationalizing of why things couldn’t be done. As if doing nothing was the best option.
Recorded
overseas dealer representatives and guests, Akio Toyoda’s Juku, Toyota Times, 14 November 2023
source ↗
Having said that, feeling isolated is tough. In those times, you need a place where you can be by yourself, and friends. Company colleagues won’t do it because they’re generally self-centered (laughs). You need friends who have nothing to do with the company.
Recorded
Toyota Group genba leader, Toyota Group genba-leader dialogue, Toyota Times, 29 February 2024
source ↗
In a word, love. It’s all based on love. Even at the public hearings, there was love for Toyota, and I managed to pull through because there were people who felt it and supported me.
Recorded
overseas dealer representatives and guests, Akio Toyoda’s Juku, Toyota Times, 14 November 2023
source ↗
While many people are content with their current job, I’m sure some do not feel that way. Yet all of it has meaning. No experience is pointless—what you take out of it is up to you.
Recorded
Toyota Group genba leader, Toyota Group genba-leader dialogue, Toyota Times, 29 February 2024
source ↗
Rather than trying to do something within your own circle or looking to gain approval, I think the first step toward a new project is making others feel the potential of working together.
Recorded
Toyota Group genba leader, Toyota Group genba-leader dialogue, Toyota Times, 29 February 2024
source ↗
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