The authors have previously researched management and decision-making in response to external environmental changes (Kusaka and Hirasaka 2011, 2013, 2014a, b). Japanese companies do have human resources development programs in place, but these do not focus on nurturing business leaders or entrepreneurship. Lack of abilities of business leader may depend on a human resources development programs. In recent decades, business leaders have not been able to respond in the face of environmental changes and complicated market structures with appropriate management decision-making (Tongur and Engwall 2014). 2020) were reported.īusiness leaders with a new approach are vital under rapid environmental change.
2020), Organization design (Foss 2020) and reshoring after COVID-19 (Barbieri et al. Studies on COVID-19 impact such as Japanese governments’ responses (DeWit et al. Moreover, there are big issues about COVID-19. 2020), Artificial Intelligence and machine learning (Wang and Siau 2019 Canhoto and Clear 2020), as well as the ways in which globalization has affected the rapid economic growth of China and developing countries.
#Japanese top 100 models how to
Now, urgent issues facing corporate management are how to deal with information technologies, such as IoT and Industry 5.0 (Aslam et al. The current state of management in Japan, Japanese business efficiency remains unimproved as shown in IMD’s 2020 World Competitiveness Ranking Management Practices is 62th, Attitudes and Values is 56th and Productivity & Efficiency is 55th (IMD 2020). Japanese companies have invested more in R&D than companies in other developed countries in the world, but these investments have not translated into superior corporate performance (Shikata et al. Japanese companies thought that prioritizing high technology would be enough to create customer value and be profitable. Moreover, Japanese companies delayed shifting to an added customer value creation model from one focused on manufacturing. The causes of this decline are, in large part, delays in responding to open innovation and losing technological superiority due to fierce competition between the original company and subsequent competing companies (Chesbrough 2013, 2014). The decline in the competitiveness of Japanese companies in the last 30 years demonstrates a need for changes in management strategies (Keizer et al. But, IMD World Competitiveness Center (IMDWCC) brought down Japan competitiveness from 1st in 1990 to 34th in 2020 (IMD 2020). Japanese companies have grown steadily by technological innovations and production management systems.
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