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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...
Dr. Stefan Lippert
Japanese shareholders in the giant medical equipment and camera company Olympus are hoping to have put last year’s scandal behind them. In the traditional Japanese way, they have put their trust in the new team at the top, without asking too many questions about how fresh the new faces are, and just how much is likely to change. The man who blew the whistle on the ...
Olympus, the world-class medical instrument and digital camera maker, took part in a huge cover-up to hide massive losses from failed investments. This report demonstrates that this is a cultural issue in Japan with ineffective outside directors and company boards.
JAPAN’S Olympus scandal goes far beyond issues of ineffec...