Main Features Of Traditional Japanese Business - 2026 Words

With Japan’s economy coming in at the third largest in world its economic success has often been credited to the distinctive corporate business systems that it favours. Following the First World War Japan experienced huge economic growth which was known as the post war miracle due to the increased focus on industrial and economic goals rather than defence spending. However, this era of booming economic growth passed with its growth of gradually beginning to slow down and stabilise. This, in turn, led to Japan’s economic recession and so called bubble economy which led Japan into its lost decade, with Japan struggling to sustain economic growth since the burst of the bubble economy. Although having recovered Japan’s economy has never seemed to return to what it once was, with the unemployment rate steadily climbing and national debt increasing. Consequently, could this slowing of growth be due to Japans reluctance to engage in major organisational restructuring an d avoid radical innovation? In this essay I will be exploring this idea further by looking at key features of the traditional Japanese business model and exploring some of the darker sides of BLABALBL. I will then go on to look at the vari TOYOTISM FORDISM? Since the post-war economic miracle Japan has heavily relied on its distinctive corporate business system with JOHN stating that it ‘has been widely praised for its massive contribution to Japan’s strong economic growth.’ JOHN argues that the key to this businessShow MoreRelatedThousands of years worth of events has shaped one of the worlds most fascinating cultures, which is1500 Words   |  6 Pagesmost fascinating cultures, which is still today filled with essences from the past. The Japanese culture as seen today, still holds features from centuries ago. 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