Keiretsu Case Study

The Zaibatsu, which is a combination of the top grossing companies in Japan and have many connections in the government and court system that give them a substantial amount of power. Lastly, Japan’s resources are very limited because only 12% of its land is fertile, and they must import 80% of its energy to them. Socially, Japan’s ageing population is another reason why the economy has become stagnate. The ageing population will eventually cause labor shortages that Japan cannot replace.

Between the late nineteenth century and early twentieth century, Japan’s economy developed remarkably. China had also developed economically; however, not near as much as Japan. The Japanese government industrialized greatly and encouraged western influence, but the Chinese government did the opposite.

The late nineteenth century culminated centuries of progress for the prominent Asian societies of Qing China and Tokugawa Japan, defining their economic strength and influence in foreign affairs. Each society encountered taxing struggles from internal rebellions to external pressures from outside nations. The Qing dynasty in China survived the crises of the 1850s-1860s, while the Tokugawa shogunate in Japan did not (i.e., collapsed) because of a number of important historical differences. Distinct political, social, and foreign policy differences caused seemingly parallel societies to spiral off in opposite directions. With the aid of a highly centralized government, a stable social and political order, and an amicable nature towards foreign policy, the strength of the Chinese government prevailed against both internal and external challenges. Tokugawa Japan ran a course completely opposite of Qing China and ultimately collapsed in the 1860s. Three significant factors leading to this failure resided in its decentralized government, static and hereditary social order, and hostile nature towards foreign affairs. Reviewed first are the factors

CCIB received a referral #1659-2526-7518-9002203 via email from La Vette Norris (Staff Member) regarding Keishaunna Ross (16) (DOB 1/15/2001). RP reported Keishaunna was placed in her home “about three hours ago” by assigned CSW Kendra Jones and RP wants her removed immediately. RP reported stated Keishaunna “poses a risk to the other children”, but did not state what kind of risk. RP reported that Keishaunna “is real angry,” “doesn’t want to be at the home” and “she going back and forth with me.” RP reported Keishaunna has a history of AWOL and Keishaunna could something to her or one of the children in the home (RP did not say what that might be). RP stated she has concerns for the other children in the home Unique Abrams, 8 years, Bernyce

China and Japan are two unique civilizations that went through similar, yet vastly different changes throughout their histories. Their growth and response to other nations differed in many ways in government, lifestyle, and general well-being. One of the main causes for such difference between the countries is the way the West influenced each region, and the way China and Japan responded to this influence. China focused more on the idea of being a "status oriented" society, while Japan was more "goal oriented" based. In China, anyone had the ability to better themselves and change their status through civil examinations given by the government. Western impact however slowly changed this old age system. Japan's caste system viewed

Japan is not only a major economic power, it is one of the most economically developed countries in the world. Japan’s economic development begun between the 12th and 17th century, in a period of time that the Japanese refer to as the Edo period. Although specific economic structures didn’t exist at the time, the conditions, both socially and politically, set the Japanese up for a later successful industrialization and modernization. During the Edo period, the ruling government was known as the bakufu. The bakufu had absolute political power over smaller, local governments, however, they lacked a consistent economic stance. Therefore, the local governments, known as the han, were allowed to decide how their people would be taxed, and how administration would work, along with education, industrialization, and issuing paper currency as long as it was not directly prohibited by the bakufu.

Hierarchy and status are considered highly important in both Japan and Mexico in addition to a strong separation between the work and home life. Both Mexico and Japan rely on strong work relationships and loyalty in addition to having top down style of commination and information flow. Both countries have a belief in collectivism over individualism, according to Hofstede’s Value Dimensions, with Japan slightly higher on the index, similarly for the masculinity index. The implications of these characteristics can be viewed in each countries’ management approach. These societal values and characteristics influence each countries’ business behavior and methodologies. (Deresky, 2014)

China and Japan had fallen on hard times leading up to the 19th and 20th Century. Both China and Japan reigned as perhaps the two most successful countries in east Asia for most of their storied histories. China had been the center of trade between the west and east for hundreds of years, and economically was as wealthy as one could imagine. Japan, residing on an island off the coast of Korea, was traditionally rather isolated through its rule by Shoguns and Samurai. However, several factors led to their eventual downfalls before they could recover. For China, a corrupt Qing rule, unbalanced trade relations with the west, and a country-wide opium crisis had set China back tremendously. Japan’s

He states that Japan used market capitalism to pursue individual and corporate material wealth. However, China has been far more conservative approach having evolved from Mao Zedong’s planned socialism towards a “functional market socialism”. Further Japan appears to have adopted a far more western attitude more readily in comparison to China.

Japan emerged from the Tokugawa-Meiji transition as the first Asian industrialized nation. Domestic commercial activities and limited foreign trade had met the demands for material culture in the Tokugawa period, but the modernized Meiji era had radically different requirements. From the beginning, the Meiji rulers embraced the concept of a market economy and adopted British and North American forms of free enterprise capitalism. The private sector — in a nation blessed with an abundance of aggressive entrepreneurs — welcomed such change.

One of the most important facets for a successful business in the twenty-first century is how it communicates with their customers, partners, suppliers and governments from different countries and cultures from around the world. For a business to operate with any modicum of success in Japan, you must possess a basic understand of how their society functions. As a result of learning about the geography, climate, history, religion, cultural rituals, politics, education system, and the role of the family; it will allow a business or business person the insight needed to understand how society functions and the method in which business is conducted.

Globalisation has had a profound impact on the Japanese economy influencing levels of international trade, business operations, financial flows, government policy, labour markets and even environment. This movement has been driven primarily by numerous TNCs, trade liberalization, and the deregulation of the financial system, and numerous strategies adopted by the Government and Economy, resulting in the creation of a 'new' Japan.

China’s accession to the WTO in 2001 has helped shape its economy to becoming a more predictable environment for trade and foreign investment. Corporate governance and frameworks for business operations and interactions have improved, providing a much more transparent environment. (Deckers, 2004)

Japanese AAR figures. Although NPV and IRR methods directly maximizes shareholders wealth, in understanding Japanese corporate governance, we understand that the NPV and IRR method may not fit with the Japanese management decision making culture. Accordingly, the case mentions that Japanese managers are often less “numbers driven” than their “western” counterparts and would need to balance serving the interests of stakeholders (rather than shareholders only) as well looking after the company’s long term wealth.

By 1999, Nissan had tied up over $4 billion in the stock shares of hundreds of different companies as part of this keiretsu philosophy. These investments, however, were not reflected in Nissan’s