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This is as empty as saying trade unions caused it. Does Japan not have MBAs? It's all about comparative advantage.
by missedthecue 3y ago
This is as empty as saying trade unions caused it. Does Japan not have MBAs? It's all about comparative advantage.
- bluGill 3y agoApparently Japan's MBAs can manage for longer term. At least in this one industry.
- badpun 3y agoFrom what I've heard, Japan has very different corporate culture, more focused on loyalty and social stability, than on maximizing profit. They can even keep unprofitable divisions of the company, because they don't want to fire people who work in them. Would be nice if someone with first-hand knowledge of Japanese corporate world could confirm/deny it.