By J. Abegglen
Japan's economic climate and companies are coming into this century with new administration structures yet their values unchanged. Drawing at the author's research of the Fifties, monetary platforms, group of workers administration equipment, function of the company and R&D features are re-assessed to supply a accomplished research of Japan's monetary and business alterations.
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Extra resources for 21st-Century Japanese Management: New Systems, Lasting Values
It is curious to observe how inaccurate the reporting about Japan’s economy can be, especially in the Western press. Reference to stagnation Redesign for a Competitive Future 27 is only one example. ”1 This kind of stupid reporting about Japan is all too common. Some of this is ignorance – few Western reporters on Japan even have a command of the language. Some is prejudice – Japan’s successes have damaged badly the Western assumption of Western world supremacy. Some is arrogance toward the unenlightened heathen of Asia.
However, most subsidiary activity now is steel-related, in fabrication, finishing, trading, and finance. The focus is on steel.
The continued high level of crude steel production is not due to increases in exports. On the contrary, steel exports as a percent of total production peaked in the mid-1970s, and have been about 30 percent of output in recent years. Loud and continuing US complaints not withstanding, East Asia is very much the most important market for Japanese steel exports. For some years now, more than three-quarters of exports are to Asia, and only about 10 percent of total exports go to the United States and Europe combined.
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