Japan Globalization Case Study

1173 Words5 Pages
Globalization by www.businessdictionary.com is the worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately. The multinational corporation which has got its facilities and other assets in at least one country other than its home country. Such companies have offices or factories in different countries and usually have a centralized head office…show more content…
In recent years, many U.S. businesses have looked to Japan to find the answer to the productivity crisis in the United States, while many Japanese scholars attend universities in the United States to learn about management. Japan's phenomenal success in increasing productivity is often attributed to its managerial approach and low wage rates. But with the rise of the Japanese yen and the fact that the labor cost component of products becomes increasingly less important, managerial competence becomes even more crucial. There is an abundance of literature on both U.S. and Japanese management; one such book even made the bestseller list. Since Japan and the United States present contrasting managerial approaches. There is general agreement on the basic characteristics of Japanese and U.S. management, but there is less agreement-and certainty-about the transferability of the practices (not the science) of management to other cultures. In Japan, planning is greatly aided by cooperation between government and…show more content…
Saudi management culture has been shown in several studies to exhibit strong family orientation, persistent traditional values and a historical basis for modern action. Many of the Saudi managerial traits date back to the Ottoman system but are nonetheless an inherent part of Saudi management. The authors of the article hypothesize that such a paternalistic relationship may in fact make Saudis more receptive to supportive coaching than their US counterparts. The hypothesis presented by the authors of the article is threefold: Saudi managers will be more homogenous in their coaching behaviors than US

More about Japan Globalization Case Study

Open Document