By J. Abegglen
Japan's economic system and companies are stepping into the twenty-first century after an extended and tough 'lost decade' of corporation redecorate. They emerge with new administration structures in position, yet with their values unchanged. From the original standpoint of the author's pioneering research of the Fifties, the monetary structures, body of workers administration equipment and R&D functions are re-assessed, as is the function of the company in jap society. The e-book deals a finished research of the monetary and business alterations that experience taken position in Japan via certainly one of its so much extremely popular commentators.
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Additional resources for 21st Century Japanese Management: New Systems, Lasting Values
What has happened in the chemical industry however is the combining of product divisions rather than the merging of entire companies. The case of polystyrene is notable; there were eight producers until 1997 and now there are only four, a notable success in achieving greater scale of production in a specific product category. 40 21st-Century Japanese Management Restructuring a mature industry: The case of steel The steel industry of Japan is undergoing a major restructuring to improve profitability while holding position as world leader.
2, p. 37. 5. Arie de Geus, The Living Company, Boston: Harvard Business School Press, 1997, p. 1. 6. For a useful analysis of this issue, see Development Bank of Japan Research Report, No. 34, “Prospects and Challenges Surrounding Japan’s Electrical Equipment Industry”, November 2002, especially pp. 13–17. 7. OECD Economic Surveys: Japan. Paris: OECD, 1999, p. 220. 8. Robert Zoellick, “Unleashing the Trade Winds”, The Economist, 7 December 2002, p. 28. 9. Christian Broda and David E. org/research/ economists/broda/pub.
The issue is foreign direct investment. The usual estimate is that foreign direct investment accounts for 1 or 2 percent of Japan’s GDP. However, in fact there are more than 3000 foreign capital-related firms in Japan the majority foreign owned. In manufacturing, foreign firms 20 21st-Century Japanese Management account for no less than 10 percent of Japan’s total sales revenues and in finance and services certainly now are at an additional 5 percent of economic activities. Given Japan’s historic, geographic, and cultural distance from the other advanced economies, this seems a very high share position by foreign direct investors by any standard.
21st Century Japanese Management: New Systems, Lasting Values by J. Abegglen