Austin Vernon - Energy Superabundance, Starship Missiles, & Finding Alpha
Dwarkesh Podcast
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Lean Manufacturing versus Innovation
This chapter provides an in-depth examination of the Toyota Production System and its principles of lean production, while contrasting it with Tesla's innovative manufacturing practices. It highlights the historical significance of Toyota’s labor practices and the integration of young talent in improving manufacturing processes. The discussion further delves into the financial implications of legacy automotive companies versus newer entrants like Tesla, emphasizing how innovative practices influence corporate value.
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