TOYOTA IS THE ONE globally successful business that H. Thomas Johnson thinks all U.S. companies should emulate. That idea, and the reasoning behind it, has earned the PSU accounting professor international awards, including the Deming Medal from the American Society for Quality.
According to Johnson, instead of being driven to meet preconceived financial targets, Toyota's chief concern is to nurture the relationships connecting its employees, customers, suppliers, and the communities they inhabit.
The Deming Medal comes on the heels of an award for Johnson's book Relevance Lost: The Rise and Fall of Management Accounting, co-authored with Robert Kaplan. The book received an American Accounting Association Seminal Contribution to Accounting Literature award--one of five ever given.
Johnson, who has taught at Portland State since 1988, is also a two-time recipient of the prestigious Shingo Research Prize for Excellence in Manufacturing. He was named one of the 200 leading management thinkers living today in a survey published by Harvard Business School Press in 2003.
[photo: Accounting Prof. H. Thomas Johnson]