Modern Investment In Japan Japan is generally considered to be a high-context culture. High context cultures generally have long-established connections, causing a lot of communication to be understood through implication and less-explicit information. Speakers will often refrain from directly stating an objective, and will simply let the listener apply and infer her own experiences to “get the picture”. Commonly, many Japanese individuals will make assumptions about what the listener knows. This can make it very difficult for Americans, who often engage in low-context communication with one another, to follow along. Thus, Americans doing business in Japan must understand that word choice is of critical importance. Along these same lines, it will be important to remember that many Japanese individuals may interpret western humor differently. Michael Woodford, former President and CEO of Japan’s Olympus, wrote that western humor contained much stronger sarcasm and irony than Japanese humor 1. Thus, it may be prudent for our employees to hold back from making sarcastic and ironical remarks with our new Japanese partners, for fear of being taken the wrong way. This doesn’t mean that our employees should refrain from being themselves; rather, our employees should simply remember that they are operating within a much different linguistic framework. Japan is also commonly referred to as an extremely hierarchical culture. In hierarchical cultures, social status implies power. A lower status individual is generally expected to defer to the knowledge and expertise of a higher status individual. As an example, Michael Woodford wrote that “in Japan, those in the most senior roles are infallible and all-knowing 2.” Thus, it will be important to respect the hierarchical nature of Japanese business as our company attempts to integrate our company within the Japanese culture. Additionally, our company must remember that although management employees are “more powerful” than entry-level workers, there are many other sources of power in Japan. In other words, the hierarchical nature of Japan’s culture is not exclusive to business title. For example, older individuals are generally looked to as a source of wisdom and power compared with their younger counterparts. Because there are different types of power in Japanese life, it will be important to recognize that hierarchy may take different forms in our company’s day-to-day business life. Furthermore, Michael Woodford believes that “ascent up the corporate ladder is usually slow and methodical…giving a young person a lot of business responsibility in Japan [is generally] unheard of 3.” Thus, it may be important for our company to remain sensitive to the fact that the younger types of individuals we choose to lead our management positions in the United States may not necessarily be the
and transform their employees’ skills to make them as corporate asset (Lazonick, 1997). In addition, China, as the most recent late developer whose financial system is largely dominated by the government. The Chinese organizations get finance or investment from state or banking system, while the state provides technology and skills for their further advancement.
National business groups make a further institutional difference between early and late industrialization countries. In terms of external…
Operate in 30 countries including US, India, China, Russia, Germany, Poland, Turkey, Romania, Malaysia and Vietnam. Moving into more ‘obscure’ countries like Romania, Malaysia and India as their economies develop and the countries become more modern with more businessmen. They are trying to gain a large share of the market before competition from the likes of Starbucks becomes too large.
They have targeted China (300 stores), India (60 stores) and Russia (25 stores). These are 3 of the 4 BRIC…
storage and high tech.
Earn higher margins and profits; comparing to the product they are making, goods are
extremely expensive. (Price for a kitchen, first price: 15 000 E, average prices: 50 000
Gain new ideas about product, in Japan they had to change their raw material
(wood/eco-wood) production. It was very difficult there because of the country’s law.
Afterwards they take the substitution material as theirs main material thank to its
Boffi’s distribution is…
of land kept rising (used land as collateral, traded and bought land instead of doing business
Class 8/9: Japan’s Retailers and Consumers
Class 10: South Korea: Chaebol Reform
Class 11: Japan and S Korea: Future Prospects
Class 12: Social Etiquette in Confucian Societies
The Radio that Changed the World
Akio Morita partnered with Masaru Ibuka to create start up venture Tokyo Telecommunications Engineering Corp -> later…
Module Code: ER3S72
Lecturer Name: M J Davidson Student ID: 10005838 Words: 2293
The Elecdyne is a SME for electronic products in Japan that has been created in 1990. Due to many external and internal reasons, the sales of Elecdyne have not increased over the past two years. Such as low market share (only Japanese), high salary and cost of licences. Limited market share limits the…
economy slowly expanded with the increase of population and trade. By the later Medieval period the first modern accounting and finance systems were created.
1440: Johannes Gutenberg developed his printing press
1492: The “New World” was discovered
1500-1800: Mercantilist Era
1550-1700: Scientific Revolution
1568: Netherlands revolted against Spanish rule
1603-1868: Tokugawa period in Japan, they invented technology that increased the employment of labor in order to raise the productivity of land…
What is a Multinational Enterprise?
What is a Small to Medium Enterprise?
Foreign Direct Investment
Product Life Cycle
Table 1 – Growth table
Table 2 – Top 10 MNE’s
Table 3 – Impact of MNE’s on host nations…
Asian Business and Global Economy
Qing Yao Wang
Target Is an American retailing company headquartered in Minneapolis, Minnesota.
Target has expanded from the United States to Canada and Australia. The next country that we
hope to expand is in Singapore, which is the first country in Asia. Target will consist of multiple…
production as markets were flooded with consumer goods that people no longer needed or could afford and so Hobson argued that capitalist financiers would rather invest in competitor nations such as the United States, Japan and Germany, creating an alternative to seek overseas investment creating an idea of New Imperialism in which states focused on increasing their empire with new technological advances and developments, expanding their territory through power and conquest. He argued that newly acquired…
Australia, the large Island continent, has been generously furnished with abundant natural resources. With these resources, not surprisingly the various kinds of industries utilizing these resources are emerged in Australia. One of the most important industries is mining. Australia has the world's largest reserves of several mineral commodities in both minerals and energy resources. The Mining sector includes all units mainly engaged in mining, including the mineral exploration, and the provision…