Japanese Kereitsu
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Following the 1994 downturn in the Japanese economy, the Japanese kereitsu are facing hard times. However, those economic analysts and members of the news media who are tempted to write them off as "dinosaurs" are making a mistake. There are many observers who feel that the keiretsu are more viable than ever, and there is much research that confirms this point. This article looks at some of the current research concerning the management success of kereitsu as well as some of the modern industries that this uniquely Japanese system of business organization is being applied to. Rather than dealing exclusively with the auto industry, this report looks at a number of concepts all based on the thinking of the relatively new discipline of Economic Sociology. A summary of challenges for the future of Japan's growth concludes the report. Much has been written in the news media that Japan's companies are facing hard times and are being forced to throw away old concepts of organization in favor of newer, more open business theories. Some of this negativism is directed toward the keiretsu, the system of linked companies that have made Japan a great economic nation. But writing off these keiretsu as outdated or outmoded is the wrong approach, since there is a great deal of global competitive advantage to be gained by doing business within this structure. The truth of the matter is that only a handful of western manufacturing firms can truly cl
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ely new study of Economic Sociology has generally focused on three main ways that economics and sociology can connect: 1) a sociological analysis of economic processes and systems, 2) an analysis of the relationships between the economy and the rest of society, and 3) a study of how changing institutional and cultural patterns affect the economy. In what follows, a slightly different organizational approach is taken --examining the economic sociology of the keiretsu in terms of methodology, theory, and policy as it relates to the keiretsu method of doing business.
Within the framework of economic sociology, the economist realizes that quite often qualitative surveys of consumer attitudes and descriptive studies of consumer behavior may help explain phenomena such as declining savings rates and may help economists better predict future spending and demand than relying on traditional quantitative survey methods used by more traditional economists. Using economic sociology, this analysis will explore several leading multinational companies (MNCS) to see if their structures and ways of doing business are patterned after, or inspired by keiretsu.
SUPPORT/DOCUMENTATION
In studying the literature about the keiretsu's global st
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Some common words found in the essay are:
Economic Sociology, Japan BU, MANAGEMENT Economist, Banerji Sambharya, Tokyo' Akihabara, LITERATURE REVIEW, America Japanese, Toyotas Nissans, EXECUTIVE SUMMARY, PURPOSE STUDY, hitachi seisakusho, matsushita denki, mitsubishi denki, economic sociology, matsushita denki toshiba, doing business, toshiba sanyo, denki toshiba, business unit, japanese keiretsu, faint praise, matsushita denki sangyo, denki toshiba sanyo, hitachi seisakusho mitsubishi, seisakusho mitsubishi denki,
Approximate Word count = 3515
Approximate Pages = 14 (250 words per page)
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