Japanis Asia's largest and most developed economy.Internationally •
Japanese firms are controlled by their employees and run for the benefit of employees and society as a whole • Cooperation within and across firms and with other organizations •
This sets Japanese business apart from firms in other countries •
Japanese firms are world leaders in industries featuring incremental innovation as well as standardization and attendant high quality •
The government plays an important role in ensuring order and guiding the economy •
Liberalization is considered tantamount to chaos •
Change in Japan is typically slow because of high levels of societal coordination •
Implementation can be quick and universal •
Japanese firms are major players in international trade and investment •
For foreign firms, Japan has been difficult to enter. However, once established, foreign
• firms have found Japan to be highlyprofitable