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D'Addario named entrepreneur of year

Jim D'Addario, chief executive of Farmingdale-based guitar string

Photo credit: Ed Betz | Jim D'Addario, chief executive of Farmingdale-based guitar string manufacturer D'Addario & Co., was recently honored by Ernst & Young with the Entrepreneur of the Year 2011 award. (March 11, 2011)

James Bernstein

Newsday columnist James Bernstein James Bernstein

James Bernstein is a longtime business writer for Newsday.

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It's called "Toyotism," and it's what won Jim D'Addario, chief executive of Farmingdale-based guitar string manufacturer D'Addario & Co., the prestigious Ernst & Young Entrepreneur of the Year 2011 New York Award, he said earlier this week.

"Toyotism," simply put, is a manufacturing process, often called "Lean," derived from the Toyota Production System that considers to be wasteful expending...

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