Japan’s Corporate Culture Floundering
Yahoo! News has published an incisive article examining the progressive breakdown of consumer confidence and market lead of major Japanese corporations due to a number of factors including oppressive Japanese corporate culture, over-expansion, sluggish response to developing trends, and reliance on status quo rather than innovation.
Article provided by Daniel Zelter
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There was actually a story [ http://www.businessweek.com/managing/content/oct2009/ca20091013_227022.htm ] a while back about how Wal-Mart couldn’t make in-roads into the Japanese market until this recession, because the perception is that those insane prices for merchandise over there equate to a better product. [Though, in the defense of the Japanese consumer, you end up paying the same anyway when your clothing tears up, because it’s been made in a sweatshop…] Anyway, I think these companies just never factored the possibility that even the tastes of their fellow countrymen and women change over time, and that you have to, if not at least keep up, be receptive to new developments. Unfortunately, though, the Toyota incident makes *us* look even worse, given that the pedals were made in one of *our* factories.