Japanese management and the climate of the time

Management practices and orientation need to change when the climate of the time in which firms operate change. In the 1980s–early 1990s when the world enjoyed a broad economic growth on a global scale, Japanese management practices were once admired in awe around the world. Since the Japanese econo...

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Bibliographic Details
Published inAsian business & management Vol. 19; no. 1; pp. 25 - 35
Main Author Kotabe, Masaaki
Format Journal Article
LanguageEnglish
Published London Palgrave Macmillan UK 01.02.2020
Palgrave Macmillan
Subjects
Acquisitions & mergers
Asian Culture
Business and Management
Economic growth
International Business
International markets
Perspective
Time management
Global sourcing
Climate of the time
Japan
Management practices
the United States
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Summary:Management practices and orientation need to change when the climate of the time in which firms operate change. In the 1980s–early 1990s when the world enjoyed a broad economic growth on a global scale, Japanese management practices were once admired in awe around the world. Since the Japanese economy began to slip into a decade-long recessionary environment in the late 1990s, many Japanese firms experienced profit losses and the world’s admiration of Japanese management began to wane. This article explores how and why, and offers broader implications to management practices in general.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
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ISSN:1472-4782
1476-9328
DOI:10.1057/s41291-019-00078-y