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Japan, quo vadis? Strategic change in Japanese firms
Author(s) -
Nakamura GenIchi
Publication year - 1999
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(199901/02)8:1<11::aid-jsc419>3.0.co;2-9
Subject(s) - status quo , business , economic bubble , market economy , management , economy , marketing , economics , industrial organization , finance
Many Japanese firms have not adjusted to the aftermath of the bubble economy. The article explores reasons, arguing that many major Japanese firms followed an incremental strategy, whereas they now find themselves at the edge of chaos. A complete change of attitude is needed by the leaders of many companies. Suggestions are made for what is needed to take businesses into the 21st century. Copyright © 1999 John Wiley & Sons, Ltd.