Panasonic and Japan’s Changing Culture Essay

1072 Words Jun 3rd, 2012 5 Pages
Panasonic and Japan’s Changing Culture
Summary
Japan is moving towards more individualism than collectivism after the economic bubble. Nonetheless, this is a good opportunity for Japan to adapt to the globalization world and be more competitive. The cultural change will lead to greater mobility of employees, which means people will move around jobs more than before. As a consequence, company loses loyal employees but what they get by recruiting other people is the experiences. When people have mobility, they tend to gain experiences among a lot of companies and build social network among various groups of people. When this happens, new ideas emerge and startups will be built around the new ideas. Hence by moving towards individualism
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As people switch companies more and more, companies have to prepare for it and adjust the recruiting system which helps them gain more international and diverse workforce. Now a day a shift towards individualism can be seen. Workers get bonuses based on their performance but they hardly get offered any perks. As globalizations increases it is likely that Japanese companies become more and more westernized. Such changes can have both beneficial and harmful effects on Japanese economy. Focusing on individualism brings a high level of entrepreneurial activity with it, which involves the opportunity for new products and new ways of doing business. Moreover it also finds expression in a high degree of managerial mobility between companies, which might be bad for firms. When a worker frequently switches workplaces, he might lack the company specific knowledge and thus might not be so valuable for a company. The high fluctuation makes it also very difficult to build a team within an organization to perform collective tasks.
How did traditional Japanese culture benefit Panasonic during the 1950s–1980s? Did traditional values become more of a liability during the 1990s and early 2000s? How so?
Panasonic was established in 1920 and become a giant consumer electronics company in Japan within the next decades. Traditional Japanese culture is…