Compare and Contrast Business Systems in Japan and China. Answer with Reference to Relevant Theories and Use Comparative Country and/or Corporate Examples.
Compare and contrast business systems in Japan and China. Answer with reference to relevant theories and use comparative country and/or corporate examples.
Word count: 2,608
To understand the differences between Japanese and Chinese business systems we must first understand the meaning of a “business system”. A “business system” is a “methodical procedure or process, used as a delivery mechanism for providing specific goods or services to customers in a well defined market” (1). Unlike the Eastern ways of doing business, Asian-Pacific business is heavily influenced by religion and the ways of society plays an important role in the approach they take on doing business. Before we compare and contrast two leading countries, it is
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He compares Japan’s latest growth and country strategies as “driving a car with the parking brake on. You can still drive the vehicle, but the engine has to work harder than it would do, if you didn’t have the brake engaged” (13). During the development and the Japanese caught up to the rest of the world’s largest countries; their developing strategies worked (10). However, when the economy became one of the world’s largest in the late 70’s, the “development” policies should have been loosened, but instead, the government tightened them (10). Therefore, they protected the smaller companies and forced the larger companies they depended on for their stability, to be pushed out of the country (10). Today Japan has still in a small yearly growth rate that has often been negative in the past ten years. The Japanese economic model is not a different type of capitalism but a “holdover from an earlier stage of capitalism” (10). A writer for business week interprets it as a “spectacle of a country vainly trying to carry into maturity economic patterns better suited to its adolescence” (10).
In 1996 Yasusuke Murakami, stated that “If Japan fails to end industrial policy, its postwar-developmentalism may be judged a failure” (10) however, the growth they achieved in such a small period of time is already a remarkable feat that may go unequalled in the history of growing economies, whether