Download e-book for iPad: 21st-Century Japanese Management: New Systems, Lasting by J. Abegglen

By J. Abegglen

ISBN-10: 0230500854

ISBN-13: 9780230500853

ISBN-10: 134954731X

ISBN-13: 9781349547319

Japan's financial system and companies are coming into this century with new administration platforms yet their values unchanged. Drawing at the author's research of the Fifties, monetary structures, team of workers administration tools, position of the company and R&D functions are re-assessed to supply a accomplished research of Japan's monetary and commercial adjustments.

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These companies had in common an extraordinary proliferation of subsidiaries, led by Sony with 1174 and Hitachi with 1111. Talk about diversification! Even remembering the names of all these subsidiaries would be an achievement, much less presuming to control and supervise them to any degree. Matsushita, the great pioneer in consumer electronics in Japan, lost its way through excessive use of subsidiaries, and has moved hard to change. “Our biggest purpose is to eliminate overlap and dispersal of operations within the group and concentrate on strategic businesses.

Solution to the problem: mergers to achieve greater scale and efficiency. The process began in the mid-1990s – more evidence that the realization of the restructuring requirement began at that time. Much of the consolidation has now been completed. The oil industry has gone from a total of 14 companies in petroleum refining and distribution to the current total of 4 – and Idemitsu, the fourth in the industry has serious problems. Nippon Oil after the merger with Mitsubishi Oil has a dominant 36 percent market share.

Take the low skill, labor intensive jobs to them, rather than importing the laborers. This is not hollowing out; it is economic development as those economies benefit and Japan’s labor force is moved up to higher value-added work. True, an aging population poses problems – loss of vigor as younger people are fewer; costs of medical and pension care for the elderly; and lowered economic growth because of a shrinking population. However, and it seems often overlooked, mass immigration poses problems of even greater magnitude.

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21st-Century Japanese Management: New Systems, Lasting Values by J. Abegglen

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