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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| Published in | Asian business & management Vol. 19; no. 1; pp. 25 - 35 |
|---|---|
| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
London
Palgrave Macmillan UK
01.02.2020
Palgrave Macmillan |
| Subjects | |
| Online Access | Get full text |
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| Abstract | 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. |
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| AbstractList | 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. |
| Author | Kotabe, Masaaki |
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| Cites_doi | 10.4324/9780429273018 10.1007/s11575-008-0004-1 10.1002/(SICI)1097-0266(199604)17:4<271::AID-SMJ807>3.0.CO;2-Y 10.1177/002224299405800106 10.1177/002224299005400202 10.1509/jim.16.0052 10.1002/smj.164 10.2307/2393808 10.1509/jm.15.0287 10.1007/s11747-011-0276-z 10.4159/harvard.9780674366299 10.1093/oso/9780195092691.001.0001 10.1016/j.pursup.2009.04.001 |
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| Keywords | Global sourcing Climate of the time Japan Management practices the United States |
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| References_xml | – reference: BarnardCIThe functions of the executive1938Cambridge, MAHarvard University Press – reference: TakeishiABridging inter-and intra-firm boundaries: Management of supplier involvement in automobile product developmentStrategic Management Journal200122540343310.1002/smj.164 – reference: WilliamsonOEThe economic institutions of capitalism1985New York, NYFree Press – reference: KatsikeasCSMorganNALeonidouLCTomasGHultMAssessing performance outcomes in marketingJournal of Marketing201680212010.1509/jm.15.0287 – reference: LikerJKThe Toyota way: 14 management principles from the world’s greatest manufacturer2004New YorkMcGraw-Hill – reference: CuttsRLPower from the ground up: Japan’s land bubbleHarvard Business Review199090May-June164172 – reference: Kachaner, N. & Whybrew, A. (2014). “When ‘Asset Light’ is Right,” Boston Consulting Group. Retrieved from https://www.bcg.com/publications/2014/business-model-innovation-growth-asset-light-is-right.aspx. – reference: PascaleRTAthosAGThe art of Japanese management1982Harmondsworth, MiddlesexPenguin Books – reference: KotabeMMolMJOutsourcing and financial performance: A negative curvilinear relationshipJournal of Purchasing and Supply Management200915420521310.1016/j.pursup.2009.04.001 – reference: ImaiMKaizen: The key to Japan’s competitive success1986New YorkMcGraw-Hill – reference: KotabeMCorporate product policy and innovative behavior of European and Japanese multinationals: An empirical investigationJournal of Marketing199054April193310.1177/002224299005400202 – reference: UsuiTKotabeMMurrayJYA dynamic process of building global supply chain competence by new ventures: The case of UniqloJournal of International Marketing201725312010.1509/jim.16.0052 – reference: OuchiWGTheory Z: How American business can meet the Japanese challenge1981Reading, MAAddison-Wesley – reference: KotabeMGlobal sourcing strategy: R&D, manufacturing, and marketing interfaces1992New YorkQuorum Books – reference: HeideJBInterorganizational governance in marketing channelsJournal of Marketing1994521718510.1177/002224299405800106 – reference: UzziBSocial structure and competition in interfirm networks: The paradox of embeddednessAdministrative Science Quarterly1997421356710.2307/2393808 – reference: HauserJRClausingDThe house of qualityHarvard Business Review198866May/June6373 – reference: KotabeMMolMJKetkarSAn evolutionary stage model of outsourcing and competence destruction: A triad comparison of the consumer electronics industryManagement International Review2008481659310.1007/s11575-008-0004-1 – reference: HiromotoTAnother hidden edge—Japanese management accountingHarvard Business Review198866July/August2226 – reference: OhnoTToyota production system: Beyond large-scale production1988Cambridge, MAProductivity Press10.4324/9780429273018 – reference: Fortune (1993). “DINOSAURS? They were a trio of the biggest, most fearsome companies on earth. Here’s how earnest executives managed them into historic decline,” May 3. – reference: NonakaITakeuchiHThe knowledge-creating company: How Japanese companies create the dynamics of innovation1995New York, NYOxford University Press – reference: KagonoTNonakaISakakibaraKOkumuraAStrategic vs. evolutionary management: A U.S.-Japan comparison of strategy and organization1985AmsterdamNorth-Holland – reference: KotabeMMolMJMurrayJYParenteROutsourcing and its implications for market success: Negative curvilinearity, firm resources, and competitionJournal of the Academy of Marketing Science201240March32934610.1007/s11747-011-0276-z – reference: DyerJHSpecialized supplier networks as a source of competitive advantage: Evidence from the auto industryStrategic Management Journal199617427129110.1002/(SICI)1097-0266(199604)17:4<271::AID-SMJ807>3.0.CO;2-Y – reference: HayekFAThe use of knowledge in societyAmerican Economic Review1945354519530 – reference: HallETBeyond culture1976Garden City, NYAnchor Press – reference: VogelEFJapan as number one: Lessons for America1979Cambridge, MAHarvard University Press10.4159/harvard.9780674366299 – volume: 66 start-page: 63 issue: May/June year: 1988 ident: 78_CR6 publication-title: Harvard Business Review – volume-title: Toyota production system: Beyond large-scale production year: 1988 ident: 78_CR21 doi: 10.4324/9780429273018 – ident: 78_CR11 – volume-title: Strategic vs. evolutionary management: A U.S.-Japan comparison of strategy and organization year: 1985 ident: 78_CR12 – ident: 78_CR4 – volume: 35 start-page: 519 issue: 4 year: 1945 ident: 78_CR7 publication-title: American Economic Review – volume-title: Global sourcing strategy: R&D, manufacturing, and marketing interfaces year: 1992 ident: 78_CR15 – volume: 48 start-page: 65 issue: 1 year: 2008 ident: 78_CR17 publication-title: Management International Review doi: 10.1007/s11575-008-0004-1 – volume: 17 start-page: 271 issue: 4 year: 1996 ident: 78_CR3 publication-title: Strategic Management Journal doi: 10.1002/(SICI)1097-0266(199604)17:4<271::AID-SMJ807>3.0.CO;2-Y – volume: 52 start-page: 71 issue: 1 year: 1994 ident: 78_CR8 publication-title: Journal of Marketing doi: 10.1177/002224299405800106 – volume-title: The economic institutions of capitalism year: 1985 ident: 78_CR28 – volume: 54 start-page: 19 issue: April year: 1990 ident: 78_CR14 publication-title: Journal of Marketing doi: 10.1177/002224299005400202 – volume: 90 start-page: 164 issue: May-June year: 1990 ident: 78_CR2 publication-title: Harvard Business Review – volume: 25 start-page: 1 issue: 3 year: 2017 ident: 78_CR25 publication-title: Journal of International Marketing doi: 10.1509/jim.16.0052 – volume-title: Beyond culture year: 1976 ident: 78_CR5 – volume: 22 start-page: 403 issue: 5 year: 2001 ident: 78_CR24 publication-title: Strategic Management Journal doi: 10.1002/smj.164 – volume-title: Kaizen: The key to Japan’s competitive success year: 1986 ident: 78_CR10 – volume: 42 start-page: 35 issue: 1 year: 1997 ident: 78_CR26 publication-title: Administrative Science Quarterly doi: 10.2307/2393808 – volume: 80 start-page: 1 issue: 2 year: 2016 ident: 78_CR13 publication-title: Journal of Marketing doi: 10.1509/jm.15.0287 – volume: 40 start-page: 329 issue: March year: 2012 ident: 78_CR18 publication-title: Journal of the Academy of Marketing Science doi: 10.1007/s11747-011-0276-z – volume-title: Japan as number one: Lessons for America year: 1979 ident: 78_CR27 doi: 10.4159/harvard.9780674366299 – volume-title: Theory Z: How American business can meet the Japanese challenge year: 1981 ident: 78_CR22 – volume-title: The functions of the executive year: 1938 ident: 78_CR1 – volume-title: The knowledge-creating company: How Japanese companies create the dynamics of innovation year: 1995 ident: 78_CR20 doi: 10.1093/oso/9780195092691.001.0001 – volume: 15 start-page: 205 issue: 4 year: 2009 ident: 78_CR16 publication-title: Journal of Purchasing and Supply Management doi: 10.1016/j.pursup.2009.04.001 – volume-title: The art of Japanese management year: 1982 ident: 78_CR23 – volume-title: The Toyota way: 14 management principles from the world’s greatest manufacturer year: 2004 ident: 78_CR19 – volume: 66 start-page: 22 issue: July/August year: 1988 ident: 78_CR9 publication-title: Harvard Business Review |
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| Title | Japanese management and the climate of the time |
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