Japan's Economic Success

It is the contention of this research that all of these factors have contributed to Japan(s robust economic development, but that each theory is better understood when subsumed under the concept of (paternalism.( The theory of paternalism is often offered in a limited sense as a model of worker-management relations that is another contributing factor to Japan(s economic growth. Paternalism, however, should be viewed in a broader sense as a unique cultural phenomenon that guides not only worker-managemen

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labor boss system from the broader cultural system of oyabun-kobun relationships that the term (paternalism( is herein used to describe the latter. As a broad cultural concept, paternalism in the Japanese economy remains the key to business growth and success. Although many factors can be identified as contributing to robust economic health, most of these factors are directly or indirectly associated with Japan(s propensity of employers and employees to work together in a mutually supportive pact. The turnaround of Mazda Motors is just one example of how a paternalistic business culture serves as the backbone to a variety of bold business practices, ranging from the inter-corporate cooperation, the role of the government, and the commitment of employees in making a business successful. The Mazda Miracle In the mid-1970s, Toyo Kogyo, the manufacturer of Mazda automobiles, was very near filing bankruptcy. Shortly following the Arab oil embargo, the automobile industry giant declared a $70 million annual loss with poor prospects for the future. The industry had recently accepted labor demands for a 30% increase in nominal wages just as demand for automobiles plunged 22%. Mazda was hit harder than its competitors because of a heav
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Some common words found in the essay are:
Mazda Motors, War II, Matsui Association, Mazda Murai, II Industrial, Louis Hayes, Boss System, Norms Despite, Shintoism Buddhism, World War, labor boss, labor boss system, boss system, industrial relations, lifetime employment, national economic, economic growth, mazda motors, sumitomo banks, japanese industrial, management style, japanese industrial relations, japans economic success, boss system oyabun-kobun, dispatched worker program,
Approximate Word count = 7455
Approximate Pages = 30 (250 words per page)

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