Toyotomi Succession: Corporate Governance and Leadership Lessons

This episode reviews Saburo Kajiyama's business novel, "The Toyotomi Succession: A Novel of a Giant Automobile Company," which explores the complexities of corporate governance and leadership.

The book, the final installment in a trilogy, uses the fictional Toyotomi Motors (modeled after Toyota) to illustrate the challenges faced by large corporations during the pandemic, including a delayed shift to electric vehicles and issues related to succession.

The review highlights how the narrative exposes pitfalls such as hereditary leadership, internal power struggles, resistance to change due to past successes, and the negative impact of a "yes-man" culture on a company's ability to innovate and remain customer-focused. It argues the novel offers valuable lessons on the delicate balance between preserving core values and embracing necessary transformation for sustained business success.