By J. Abegglen
Japan's financial system and companies are getting into this century with new administration structures yet their values unchanged. Drawing at the author's research of the Nineteen Fifties, monetary platforms, team of workers administration equipment, function of the company and R&D functions are re-assessed to supply a complete research of Japan's monetary and commercial adjustments.
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Extra info for 21st-Century Japanese Management: New Systems, Lasting Values
In 1964 he succeeded Mr Watanabe as President of the company, gaining special fame as author of the phrase “C and C,” computers and 34 21st-Century Japanese Management communication, used first in a speech at MIT. Dr Kobayashi, a dedicated engineer, avoided political circles with some care and devoted his entire energies to building NEC to a great company. He was rated in surveys as the most admired of Japanese businessmen of his time, and deserved the rating. His successor, Sekimoto, was a very different person.
As a footnote to the export issue, Japan makers export about three times more steel to Taiwan than to the United States, while Taiwan is the second largest source of Japanese steel imports. ) However, from the early 1970s, the industry has been under pressure, met first by cost and capacity reductions, next by diversification adventures, and finally from the mid-1990s by thoroughgoing restructuring. Domestic demand for steel has been slowly declining as Japanese companies invest in offshore production.
The factors at work to deal with the anticipated “labor shortage” include the following: (1) Heavy use of automation and robotics. Each robot is equivalent to two laborers and Japan has now half of the world’s robot population installed, nearly 400,000. They are low-cost workers with no tea breaks, unions, sick leaves, or holidays. (2) The current retirement age of 60 years is nonsense in a country with the longest life expectancies in the world. Continue current plans to extend the working age – and defer pension startups.
21st-Century Japanese Management: New Systems, Lasting Values by J. Abegglen