By J. Abegglen
Japan's economic 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 structures, group of workers administration equipment, position of the company and R&D services are re-assessed to supply a finished research of Japan's monetary and business alterations.
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Extra info for 21st-Century Japanese Management: New Systems, Lasting Values
GM failed, lost a bundle of money, and Isuzu is out of the passenger car business after all, now doing very well in trucks with GM holdings marginal. Ford bought into Toyo Kogyo, now Mazda, which has lost market share and lost money very consistently, not much helped by annual changes in the Ford-appointed president of the company. Daimler Chrysler for reasons Perspective on a Half-Century 21 hard to understand bought into Mitsubishi Motors. The purchase price for the shares turned out to be a fraction of cost as losses mounted; heavy recapitalization was required with Daimler Chrysler finally retreating.
On the contrary, steel exports as a percent of total production peaked in the mid-1970s, and have been about 30 percent of output in recent years. Loud and continuing US complaints not withstanding, East Asia is very much the most important market for Japanese steel exports. For some years now, more than three-quarters of exports are to Asia, and only about 10 percent of total exports go to the United States and Europe combined. China is not the critical market for steel exports, over-excited news reports to the contrary not withstanding.
Take the low skill, labor intensive jobs to them, rather than importing the laborers. This is not hollowing out; it is economic development as those economies benefit and Japan’s labor force is moved up to higher value-added work. True, an aging population poses problems – loss of vigor as younger people are fewer; costs of medical and pension care for the elderly; and lowered economic growth because of a shrinking population. However, and it seems often overlooked, mass immigration poses problems of even greater magnitude.