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 redecorate. They emerge with new administration platforms in position, yet with their values unchanged. From the original point of view of the author's pioneering research of the Nineteen Fifties, the monetary structures, team of workers administration equipment and R&D features are re-assessed, as is the position of the company in eastern society. The ebook bargains a accomplished research of the monetary and commercial adjustments that experience taken position in Japan by way of one among its such a lot extremely popular commentators.
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Extra resources for 21st Century Japanese Management: New Systems, Lasting Values
The NEC-developed supercomputer remains first in the world, still beyond the capacity of US makers to build. Nippon Electric Company is considered the leader in the hot research field of nanotechnology and has been the pioneer in research into carbon nanotubes – discovered by Sumio Iijima of NEC – with more than 100 related patents. The company has announced that researchers in their 30s will be appointed as chief researchers in a bid to further activate research operations. Interestingly, the first employee to be so promoted while before reaching 40 years is Ms Kazue Sako – another indication of the increased role of women in NEC affairs.
Such outstanding Japanese managements as the top executives of Canon, Toyota, Shin-Etsu Chemical, and the like understand this very well. Management of a great many other companies failed to meet the test, notably the managements of Japan’s very large electronic companies. Redesign of the economy to achieve new strength has required that these two massive structural problems – too many producers and overdiversification – be dealt with. As we will see, the redesign has been taking place. Certainly not all companies are not in perfect shape; all companies will never be in perfect shape in any economy in the world.
All of the nine were in MOS semiconductors. All had share positions of fourth or lower; none were in the world’s top three. So too with other semiconductor products. And so too with consumer 28 21st-Century Japanese Management electronics and with communications equipment. These companies diversified across entire fields of products, with no regard to holding leading share positions – and thereby lost position in all their businesses. The ROA figure for 25 American manufacturers was roughly steady through out the 1980s and rose slightly in the mid 1990s, whereas that for 17 Japanese manufacturers dropped between the late 1980s and early 1990s and remained low at about 4% for the remainder of the 1990s.