By J. Abegglen
Japan's economic system and companies are getting into the twenty-first century after an extended and difficult 'lost decade' of corporation remodel. They emerge with new administration structures in position, yet with their values unchanged. From the original viewpoint of the author's pioneering research of the Fifties, the monetary structures, team of workers administration tools and R&D features are re-assessed, as is the position of the company in jap society. The e-book bargains a complete research of the monetary and business alterations that experience taken position in Japan through one among its such a lot extremely popular commentators.
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Extra info for 21st Century Japanese Management: New Systems, Lasting Values
Japan’s economy has been protected at least as much by foreign ignorance and incompetence as it has been protected by Japanese laws and habits. The accusations of Japan’s being a closed market and economy are entirely unjustified. 22 21st-Century Japanese Management Redesign of labor supply? The graying of Japan, the aging of the population, impacts all discussions of the nation’s future. The aging of the population has many implications. At the simplest level is the issue of labor supply. The size of Japan’s labor force, commonly defined as persons 15–65 years of age, peaked several years ago and will decline steadily over the coming decades.
Of them, Nippon Steel has been at the center of the stage in the steel dramas of the past century. It began operations as the government controlled Yawata Steel Works, not the first but very soon the largest of Japan’s 42 21st-Century Japanese Management emerging steel operations. Yawata became the core entity in Japan Iron and Steel (Nihon Seitetsu) in the mid-1930s, with just over 50 percent of total production in 1945. The other four companies that are now major integrated producers – NKK, Kawasaki, Sumitomo Metals, and Kobe Steel – made up the balance.
But the kaisha is a social organization, as we have seen, a community. It is not simply a collection of physical and financial assets. It can be purchased, but only when the company is in such serious difficulties that its future and its people’s futures are better served by sale of the company than by the alternative, bankruptcy. And so the foreign company can make acquisitions – but with very rare exceptions can acquire only troubled companies. And it does not follow that the foreign owner can fix a troubled Japanese company – witness General Motors’ problems with Isuzu, Merrill Lynch tripping over its Yamaichi purchase, and Daimler with Mitsubishi Motors as examples of foreign fumbling with badly run Japanese companies.