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Japanese firms have come under close examination by their international counterparts, who seek insight into the sources of Japanese accomplishments. The Japanese Firm reveals the complex network of institutions and practices surrounding the Japanese firm to explain the successes of the Japanese economy. A team of internationally renowned scholars uses theoretical and empirical work, and combines contributions from the fields of institutional economics, organizational theory, economic history, and sociology to elucidate the distinctive social and economic context of Japanese firms. Through an analysis of the internal structure of firms, the interdependency of firms and their suppliers, and the effects of relative income and power equality, Aoki and Dore recognize the diversity of experience within Japan and address the transferability or adaptability of the Japanese experience to the Nordic or Anglo-American context.
Masahiko Aoki and Ronald Dore have edited an authoritative account of the Japanese firm and the sources of its success, including contributions from some of the best, and best known, scholars in the field. The book represents an attempt to explain and understand aspects of the firm in the Japanese economic system, and to explain the corporate success of Japan. It is interdisciplinary in approach, containing both theoretical and empirical work, and has contributions from the fields of labour economics, comparative institutional analysis, information economics, finance, organizational theory, economic history, political science, and sociology. Chapters range from contemporary descriptions--of training (in overseas subsidiaries as well as Japan), of R&D structures, of product development practices, of finance and corporate governance, of trading relations, especially between small and large firms--to an historical overview of the evolution of Japanese management in the wartime planned economy. The book also situates Japan in the literature of economic analysis and in the on-going debate about trade-offs between equality and efficiency. The contemporary media would have us believe that the Japanese system of management--characterized by lifetime employment, emphasis on long-term, slow consensual decision-making, heavy investments in training, R&D, and quality, close inter-enterprise ties, and short rations for shareholders--is in crisis and about to change fundamentally. This book will enable the reader to decide just how solid the foundations of the Japanese enterprise system are, and to identify the rationale that lies behind it.
Masahiko Aoki and Ronald Dore have edited an authoritative account of the Japanese firm and the sources of its success, including contributions from some of the best, and best known, scholars in the field. The book represents an attempt to explain and understand aspects of the firm in the Japanese economic system, and to explain the corporate success of Japan. It is interdisciplinary in approach, containing both theoretical and empirical work, and has contributions from the fields of labour economics, comparative institutional analysis, information economics, finance, organizational theory, economic history, political science, and sociology. Chapters range from contemporary descriptions--of training (in overseas subsidiaries as well as Japan), of R&D structures, of product development practices, of finance and corporate governance, of trading relations, especially between small and large firms--to an historical overview of the evolution of Japanese management in the wartime planned economy. The book also situates Japan in the literature of economic analysis and in the on-going debate about trade-offs between equality and efficiency. The contemporary media would have us believe that the Japanese system of management--characterized by lifetime employment, emphasis on long-term, slow consensual decision-making, heavy investments in training, R&D, and quality, close inter-enterprise ties, and short rations for shareholders--is in crisis and about to change fundamentally. This book will enable the reader to decide just how solid the foundations of the Japanese enterprise system are, and to identify the rationale that lies behind it.