Japanese companies return to tradition as they seek global integration

Survivor... Carlos Ghosn of Nissan (left) with one of its luxury cars (photo: dpa)
Survivor... Carlos Ghosn of Nissan (left) with one of its luxury cars (photo: dpa)

Four major Japanese industrial firms had foreign chief executives in 2011. Only one is still in office. Each has found it difficult to integrate the Japanese and international operations, and adjust to local management practices. The new trend is towards a resource-based strategy and the key resource is ‘Japaneseness’, especially the high level of skill and will of the workforce.

MAJOR Japanese companies face a dilemma. They want to preserve their traditional way of business as the core of their competitive strength, but accept the need for global integration.

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To resolve this, they are adopting a model pursued during the bubble er...

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