Japanese management Flashcards
What is the core concept of the Japanese management approach?
Effectiveness comes from the ability to combine both soft and hard practices
What are the soft practices of the Japanese management approach?
Personnel policies:
- lifetime employment
- internal labor market
- seniority-based promotions and rewards
- teamwork and bonding
- enterprise unions
- training and education
- company welfarism
What are the hard practices of the Japanese management approach?
Business practices and work systems:
- long-term planning (market growth, low dividends, low profits)
- Timeliness (fast product development, JIT - just-in-time; right fist time)
- Quality (total quality approach, continuous improvement)
What are the criticisms of the Japanese management approach?
Two-tier labor markets; low flexibility; cannot accommodate globalization and workforce diversity; lifetime employment = slavery; teamwork = coercive pressure; enterprise unions = exploitation