The role of the venture business culture in the renewal of Japanese industry

✍ Scribed by Philippe Debroux

• Book ID: 104369294
• Publisher: Elsevier Science
• Year: 2000
• Tongue: English
• Weight: 59 KB
• Volume: 9
• Category: Article
• ISSN: 0969-5931
• DOI: 10.1016/s0969-5931(00)00025-1

✦ Synopsis

Facing the most severe economic downturn of the postwar period, Japan is now rethinking its economic and management system. Large companies are in the process of management restructuring and many of them are launching new management programs in order to encourage entrepreneurship internally. Existing small and medium sized firms are also trying to develop new businesses practices making them more independent from the larger concerns. At the same time, a growing number of Japanese people are considering forming their own companies. Many obstacles of different natures remain and would-be entrepreneurs will need a much improved environment to succeed in the years to come. Nevertheless, the momentum is getting stronger by the day and a venture-type business culture may become a key factor in the renewal of the Japanese economy to put it back on a sustainable growth path.