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Practice of strategic change in Japanese companies

โœ Scribed by Kishio Ishida

Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
177 KB
Volume
8
Category
Article
ISSN
1086-1718

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โœฆ Synopsis

Practice of strategic change in Japanese companies

. The unique economic and management systems which have been successful in the past are no longer enough.

. Japanese companies need to develop management approaches which are appropriate for a turbulent environment.

. The article argues that four things are critical: a move from cost based to market-value based management; meeting global standards of corporate governance; building new models that support corporate values; changing traditional management mind-sets.

. The requirements for strategy-based management and transformational strategic change are analysed.

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