I saw a documentary on Kongo-gumi a couple of years ago. Whether or not it can strictly have been called a "company" throughout its history, just the fact that it has been in continuous operation for that entire 1400+ years, is incredible.
Other than that, I don't see that longevity imparts or implies any special qualities that make these companies stand out from any others, aside from the fact of longeevity itself.
"Other than that, I don't see that longevity imparts or implies any special qualities that make these companies stand out from any others, aside from the fact of longeevity itself."
What an asinine comment; survivorship of a firm/company depends on:
Positive Profit & Loss Account figure;
Higher Net Current Assets;
Good Net Assets and Balance Sheet;
High Capital Employed.
That they've survived this long means all the above requirements have been achieved therefore management MUST be doing something right; not so, according to sk4ek! That would be the view of anybody with even the slightest understanding of accounts.
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3 Comments
franz75 at 08:40 AM JST - 13th August
"they reflect the merits of the Japanese management style" this statement is too vague to reflect the reality.
sk4ek at 09:21 AM JST - 13th August
I saw a documentary on Kongo-gumi a couple of years ago. Whether or not it can strictly have been called a "company" throughout its history, just the fact that it has been in continuous operation for that entire 1400+ years, is incredible.
Other than that, I don't see that longevity imparts or implies any special qualities that make these companies stand out from any others, aside from the fact of longeevity itself.
Peeping_Tom at 11:09 PM JST - 13th August
"Other than that, I don't see that longevity imparts or implies any special qualities that make these companies stand out from any others, aside from the fact of longeevity itself."
What an asinine comment; survivorship of a firm/company depends on:
Positive Profit & Loss Account figure; Higher Net Current Assets; Good Net Assets and Balance Sheet; High Capital Employed.
That they've survived this long means all the above requirements have been achieved therefore management MUST be doing something right; not so, according to sk4ek! That would be the view of anybody with even the slightest understanding of accounts.