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Back to basics: the new success factors in Japanese companies
Author(s) -
Sawayama Akira
Publication year - 1997
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/(sici)1099-1697(199705)6:3<125::aid-jsc305>3.0.co;2-h
Subject(s) - meritocracy , strengths and weaknesses , marketing , business , human resources , competitive advantage , industrial organization , management , economics , psychology , market economy , social psychology
The bursting of the Japanese bubble means that much of the traditional way of management has to change. A study of the top performing companies reveals that all have taken fundamentally different approaches to what is normally seen as the Japanese approach. The article identifies five success criteria from a study of the top performers: 1 Successful Japanese companies combine operational measures with structural changes 2 They know their strengths and weaknesses 3 They apply human resource policies such as meritocracy 4 Leadership is powerful and from the top 5 They engage in a continuous pursuit of capability which offers a clear competitive edge. © 1997 John Wiley & Sons, Ltd.