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  • The speech that Akio Toyoda, president and director of Toyota, delivered on May 18, 2020 to Babson College's 636 newest master's degree holders, half of which are from family businesses, encapsulates¬†a¬†principle that kept Toyota family business alive. How are you transforming your business models today?

    Toyoda -- who earned his MBA from Babson in 1982 and whose son graduated from the college in 2014 -- recalled that his great-grandfather "invented the automatic weaving loom, and his grandfather Kiichiro took Toyota from a fabric company to a car company in its second generation. What a transformation and such resolve! Here are top three insights from that speech:

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