2 Comments

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  rajakumar at 07:03 AM JST - 5th January

  Japan companies should not follow other companies, they must be their own in quality and other virtues.

  Do not follow the ready aim fire philosophy of doing things, follow japan pioneer sophisticated ways of doing things of 1980s again minus the wrong decisions.

  Akio Morita books say many of these common sense japan corporation philosophy,which many are not doing. There is no secret hidden formula to sucessful japan companies. That is the secret of sucess of sucessful japan companies.

  Everyone in company is treated equal, not matter whom,this also a good formula that need to heeded more. Hear all company employee view,this formula should be made more. Japan has little secrets,that is why it is better. The hidden formula of japan companies is not hidden,that is the way to sucess. Japan companies must now go beyond India,China,USA and EU and give the unhidden formula of sucess to other nations .

  Japan needs major relearning of its sucess, which has no hidden formula. The formula once found will be followed by other nations as being done now in India and China. The formula for sucess will come, if we respect all employees and people's views.

  The formula for sucess has to be refound again and not hidden. Japan must go back again to its lost roots and its common sense ways to find the hidden formula,which is not a secret hidden formula.

  There is no secret hidden formula to sucessful japan companies. There is also no secret hidden formula to a sucessful person like akio morita and others, in product sucess. Sony has still much potential in product success,which has no secret hidden formula.

  The knowhow knowledge ,search and find by people, is the no secret hidden formula.

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  frontandcentre at 04:16 PM JST - 5th January

  rajakumar,

  Not sure I entirely agree with you. Sony, Toyota etc. are the innovative exception to the rule.

  The Japanese big business formula for domestic success is to build a monopoly, grease the right palms to protect your market, drink every week with your bankers, regulators and top clients and make sure that you never, never get any significant shareholders who expect any kind of a return in the short term or who will meddle with your management, however incompetent it may be.

  Simple really, just make it too much discomfort to those in power if you are likely to fail, and give your competitors just enough business to block the small guys out. Hence you get the Japanese service industry - great at sending 5 junior guys around to bow deeply and get the business and then come up with an overpriced and substandard result.

  Competition is what Japan needs to make its companies more successful and resilient, not the sort of protectionism and cronyism which prevails.

  FnC

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