Japan Swot Analysis
Japan has treasured eight of the world’s ten oldest existing business, founded prior to the year 800, including Kongo Gimi founded in the year 578, oldest hotel of the world Nisiyama Onsen Keiunkan, founded in the year 705. World’s oldest sake brewer, Sudo Honke, founded in 1141, Tanaka Iga, a company dealing with religious goods was set up in the year 885, confectionary business established in 1000, Ichimojiya Wasuke. Majority of the oldest companies are local and family owned that were established for trading along the route from Tokyo to Kyoto. The country is currently home to more than 50000 family businesses that are over 100 years old, of them 3886 have been around for more than 200 years. The land of longest surviving family business …show more content…
When we look into the roots of the family business of Japan, it is the commitment of family towards the business. The key driver for longevity is inherent emphasis on the honesty, diligence and morality to practice ethical conduct constitution and strong family structure with wide understanding and continuation of the core values, clear sense of purpose and long term vision for business. A hundred year old firm has clear vision for next hundred years and two hundred year old firm tries to visualize next two hundred years. This suggests that management approach is based on the long term perspective. The basic priority of the business operation is the family …show more content…
In majority of cases these principles are written and preserved in the form of family’s statement of belief that is known as code of behaviour that they pass on from generation to generation. Sometimes family code is expressed through a ceremony to reflect founder’s philosophy for family and business. Family is determined to preserve and pass on values and business approach to the successor and even to the employees from time to time through rituals recalling their philosophy, value and vision. Many of the oldest family businesses have a well established constitution and code of conduct that clarify how family relationships are to be managed and also emphasizes on the importance of honesty, diligence and morality to practice ethical conduct and build strong family
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Japanese Working Culture Essay
874 Words | 4 PagesIn some ways Japan looks like other western countries, also when it comes to their working style. If one looks at the official working hours for an office man, it is set for eight hours a day, and if one needs to work overtime, the company will pay for it. This sounds familiar with the working standards in the west, but unlike it, these hours mainly apply to women, because they leave the office at 6 pm, where the buildings close for air-conditioning and heating. The fact remains that the men stay and work a lot more, and later in the evening they finally go home, resulting that the trains can be more crowded around midnight than during the rush hour, since it is seen as dishonorable to leave the office before the boss goes home (Murphy, 2014).
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