Question

Toyota's global success in the 1990s and early 2000s was based to a large extent on a network of world-class suppliers in Japan. This tightly knit network allowed for fast two-way knowledge sharing—this in turn improved Toyota's quality and lowered its cost, which it leveraged into a successful blue ocean strategy at the business level. This example shows the effectiveness of

Answer 1

related and supporting industries/complementors.

Step-by-step explanation:

In the given scenario Toyota effectively leveraged on its related and supporting industries/complementors.

By having a tightly knit network of suppliers in Japan, Toyota developed a fast two-way knowledge sharing—this in turn improved their quality and lowered cost, which it leveraged into a successful blue ocean strategy.

The suppliers complimented their production efforts in such a way that quality improved and cost was lowered