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The Business Reinvention of Japan: How to Make Sense of the New Japan and Why It Matters - Hardcover | Diverse Reads

The Business Reinvention of Japan: How to Make Sense of the New Japan and Why It Matters

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After two decades of reinvention, Japanese companies are re-emerging as major players in the new digital economy. They have responded to the rise of China and new global competition by moving upstream into critical deep-tech inputs and advanced materials and components. This new "aggregate niche strategy" has made Japan the technology anchor for many global supply chains. Although the end products do not carry a "Japan Inside" label, Japan plays a pivotal role in our everyday lives across many critical industries.

This book is an in-depth exploration of current Japanese business strategies that make Japan the world's third-largest economy and an economic leader in Asia. To accomplish their reinvention, Japan's largest companies are building new processes of breakthrough innovation. Central to this book is how they are addressing the necessary changes in organizational design, internal management processes, employment, and corporate governance. Because Japan values social stability and economic equality, this reinvention is happening slowly and methodically, and has gone largely unnoticed by Western observers. Yet, Japan's more balanced model of "caring capitalism" is both competitive and transformative, and more socially responsible than the unbridled growth approach of the United States.

ISBN-13: 9781503612259

Media Type: Hardcover

Publisher: Stanford University Press

Publication Date: 06-16-2020

Pages: 280

Product Dimensions: 6.00(w) x 9.00(h) x (d)

Ulrike Schaede is Professor of Japanese Business at the School of Global Policy and Strategy, and Director of the Japan Forum for Innovation and Technology, at the Universityof California San Diego. She is the author of seven books, including Choose and Focus: Japanese Business Strategies for the 21st Century (2008).

Table of Contents

Preface vii

1 Introduction: The Reinvention 1

2 The Setting: Corporate Renewal in a Tight Business Culture 21

3 The Background: Japan's Economic Rise-Stability Through Lifetime Employment 43

4 The Core Concept: Aggregate Niche Strategy 68

5 The Impact: Japan's Role in Global Business 94

6 Management Change: Governance, Stewardship, and Executive Pay 114

7 Financial Markets: Private Equity and M&A 137

8 Managing the Reinvention: Culture Change 158

9 Employment and Innovation: The Reinvention of the Kaisha 181

10 Japan Going Forward: Reinventing for the Digital Economy 203

Notes 221

References 239

Index 251