2. JAPANESE BUSINESS STRATEGIES
• Industrialization of Japan started in the 1890’s under the Meiji
Restoration.
• A former imitator ofWestern products, now it is an innovator and
leader in the global economy.
3. JAPANESE BUSINESS STRATEGIES
• Japanese corporations is employee-oriented.
• It applies the principles of participative management.
4. New Business Strategies
• Locate their manufacturing plants in foreign countries.
• Reasons:
• Japanese labor shortage
• Circumventing foreign protectionism.
• Reduce the life cycle of a product.
• They are reorganizing research and development in order
to produce simultaneously three new products with
the same effort of producing one product.
• From Total quality management (TQM) to Zero defects management (ZDM).
5. BUSINESS SURVIVAL THROUGH LEARNING
• Formal Education
• Provides diplomas and grades.
• Non-formal Education
• Only certificates of attendance or participation.
• Informal Education
• University of experience or university of life.
EXPERIENCE ISTHE BESTTEACHER
6. BUSINESS SURVIVAL THROUGH LEARNING
• Learning
• acquisition of knowledge, values, and skills.
• Formal education is mostly theoretical or
book knowledge. So, it is not relevant to the
real world.
9. Management features of J.P. Morgan
according to Calhoun Wick
• Develops its own pool of talented managers.
• Challenges its people.
• Considers mistakes as learning opportunities.
• Motivates its people to learn.
• Requires senior managers to act as role models.
• Sustains the Morgan culture.
• Provides a breadth of knowledge.
• Creates career path specialists.
• Shares responsibility and information.
• Believes in learning for future success.
11. CORPORATE SOCIAL COMMITMENT
• In the year 2020, there will be more economic growth
• However, the price of socially irresponsible economic growth is too
high.
• This is created by industrialization.
12. PROGRESS AND POVERTY
• The Asia-Pacific region is the most dynamic area in the world
in terms of economic growth.
• Too rapid growth of the region has ironically created
widespread poverty.
• Fight against poverty remains as one of the biggest, most
daunting challenges forAsia. – Japanese Finance Minister Masayoshi
Takemura