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Abstract

Shojiro Ishibashi was the Bridgestone founder. He, like other entrepreneurs in the same era such as Sakichi Toyoda and Michio Suzuki, succeeded in domestic production of tires based on the technology accumulated in traditional industries. Ishibashi utilized his existing technologies to stimulate demand in related fields and entered into other industries. Ishibashi kept the manufacturing cost and selling price low and secured appropriate profits. Then, enhancing brand with customers’ trust and originality, he continued to work on management reform. At the end of World War II, Ishibashi disobeyed a military order and returned to the Goodyear Java factory with no damage. The factory was requisitioned by the Japanese army and entrusted to Ishibashi to manage. This strengthened the bond between the two companies and provided a foothold for Bridgestone to grow significantly as a tire manufacturer. The characteristic of Ishibashi as an entrepreneur was that he had the ability to grasp social needs from a long-term perspective and develop them into business opportunities.

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Notes

  1. 1.

    In the early Meiji period, sen was used as the secondary currency unit. One yen was 100 sen, so 20 sen was one fifth of 1 yen.

  2. 2.

    UNIQLO is a casual wear brand operated by Fast Retailing Co., Ltd in Japan. The official name is UNIQUE CLOTHING WAREHOUSE. UNIQLO has gained the support of customers around the world as a brand of high quality and reasonable price for all ages and genders.

  3. 3.

    The company name, Bridgestone, was taken from the name of Ishibashi. Ishibashi said, “The direct translation of my surname Ishibashi became ‘Stone Bridge’ [Ishi means stone and Bashi means bridge]. However, Stone Bridge didn’t sound good, so I decided on ‘Bridgestone’ by reversing the word order.”

  4. 4.

    The Dodge Line was a fiscal and monetary tightening policy implemented by the Allies in February 1949 for the independence and stability of the Japanese economy. Inflation subsided due to this policy, but deflation progressed, and unemployment and bankruptcy increased.

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Correspondence to Masaatsu Takehara .

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Takehara, M., Hasegawa, N. (2020). Shojiro Ishibashi: Pioneer of Automobile Tire Manufacturing in Japan. In: Sustainable Management of Japanese Entrepreneurs in Pre-War Period from the Perspective of SDGs and ESG. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-6507-6_9

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