By Hiroyuki Odagiri
ISBN-10: 0191521558
ISBN-13: 9780191521553
ISBN-10: 0198286554
ISBN-13: 9780198286554
ISBN-10: 0198288735
ISBN-13: 9780198288732
This booklet examines features that lie on the center of jap administration: progress pursuit via inner investments (as against acquisitions), and the in depth festival inside and between eastern companies. Odagiri additionally seems to be at how those organisations hold flexibility and potency less than the likely inflexible process of "lifetime" employment. This paintings starts with an enquiry into the monetary and human elements of the enterprise, with specific emphasis on its human component. the incentive, habit, and association of jap administration in addition to the implications of the process at the Japan's business association and financial system are explored. Emphasis is put on the truth that festival is on the middle of the japanese economic climate and administration variety to an identical, if now not a better, measure as within the West. This festival is more advantageous through the expansion choice of the japanese administration variety and it additionally, in flip, makes development attainable.
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Extra resources for Growth through Competition, Competition through Growth: Strategic Management and the Economy in Japan
Example text
The salient characteristics of Japanese management are the lack of external directors and the prevalence of internal promotion. We suggest that these factors give considerable power to the managers, who tend to be sympathetic to employees' needs. We also refer to the different background Japanese managers tend to have in comparison to American and British managers: that is, more of the Japanese managers have experienced production or technologyrelated positions, a fact which contrasts with the prevalence of managers with a finance background in the USA and the UK.
We can also observe many cases where industries have developed without any government support or even despite government objections, as we shall discuss in Chapter 11. It is our contention, therefore, that, even though government involvement may have made some impact, it is overwhelmingly the entrepreneurship present in the private sector and the resulting competitive market situations that have played the major role in the course of economic development in Japan. 5. THE PLAN OF THE B O O K This book is divided into three parts following the basic structure given in Fig.
5 This cost is not confined to pecuniary expenditure, such as legal and the brokerage fees. A possibly negative influence of frequent takeovers and sell-offs on the motivation of staff and employees appears to me a very important question which has not been investigated so far. Obviously, the threat of take-overs as a control device is weaker the higher the costs to potential raiders. These costs may be substantial. One obvious example is the premiums to be paid to the target shareholders and the brokerage and legal fees.