Abstract
Japanese companies have lost their competitiveness since the asset-inflated bubble economy burst in the early 1990s. They were dragged down by the three excesses of overcapacity, overemployment, and overinvestment after they had made an excessive investment in various business areas at the time of the bubble economy. They had to dispose of these negative legacies of the bubble economy age, but this was a daunting task and they could not move forward. In addition to macroeconomic woes, Japanese companies faced threats from fierce competitors around the world and lost their competitiveness. From the perspective of business strategies, these competitive threats had a more significant effect on Japanese companies’ lost competiveness than the collapse of the Japanese bubble economy (Numagami, Kawabe, and Kato, 2010). Overseas competitors acquired a large portion of the global markets that Japanese companies had once dominated largely because they had learned their business and management practices from their Japanese counterparts; for example, it is well known that Dell Inc., a US PC manufacturer, learned the direct-sales model from Toyota.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2012 Takashi Sakikawa
About this chapter
Cite this chapter
Sakikawa, T. (2012). Emerging Management and Organizational Practices. In: Transforming Japanese Workplaces. Palgrave Macmillan, London. https://doi.org/10.1057/9781137268860_3
Download citation
DOI: https://doi.org/10.1057/9781137268860_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-33557-2
Online ISBN: 978-1-137-26886-0
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)