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It’s natural to see locally hired foreign managers becoming the majority in a few years. We can’t just take our Japanese brains there like we’ve been doing for a long time.

4 Comments

Koichi Miyata, president of Sumitomo Mitsui Financial Group Inc. The bank plans to hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion. (Bloomberg)

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If they are local hires they are probably not foreign, eh? The company in that country is foreign. This is the mindset that keeps Japan from globalization.

3 ( +5 / -2 )

We can’t just take our Japanese brains there like we’ve been doing for a long time.

Uh, duh, this just occurred to him? Has he never heard of the first rule of managing a multi-national enterprise -- think globally, but act locally? Especially since "Japanese brains" generally only understand the J-Inc. business model, which does not translate to any other market.

0 ( +3 / -3 )

Multinationals are so called for a reason.

0 ( +0 / -0 )

With these organizations, the attitude is more what can HQ teach you, less what can we learn from you?

0 ( +0 / -0 )

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