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The seven principles are used by Matsushita's company today and serve as principles for other Japanese companies. Because the "guiding principles" are such powerful statements and an extension of the Japanese culture into business, the principles have been renamed the "Seven Spirits of Matsushita" to honor Matsushita. [7]
Many both in and outside Japan share an image of the Japanese work environment that is based on a "simultaneous recruiting of new graduates" (新卒一括採用, Shinsotsu-Ikkatsu-Saiyō) and "lifetime-employment" (終身雇用, Shūshin-Koyō) model used by large companies as well as a reputation of long work-hours and strong devotion to one's company.
Shūshin koyō (終身雇用) is the term for permanent employment in Japan.It was extremely common in major Japanese companies beginning with the first economic successes in the 1920s through the Japanese post-war economic miracle until after the bursting of the Japanese asset price bubble, the Lost Decade and the following economic reforms.
The secret to Japanese success, according to Ouchi, is not technology, but a special way of managing people. "This is a managing style that focuses on a strong company philosophy, a distinct corporate culture, long-range staff development, and consensus decision-making" (Ouchi, 1981).
The culture of Japan has changed greatly over the millennia, ... The Latin alphabet is often used in modern Japanese, especially for company names, logos, ...
Salaryman (サラリーマン, sararīman) is an originally Japanese word for salaried workers. In Japanese popular culture, it is portrayed as a white-collar worker who shows unwavering loyalty and commitment to his employer, prioritizing work over everything else in their life often at the expense of their family. "Salarymen" are expected to ...
"Hō-Ren-Sō" (報・連・相) is a business mantra or mnemonic acronym in Japanese business culture. It is an abbreviation of "Hōkoku" (報告, to report), "Renraku" (連絡, to inform) and "Sōdan" (相談, to consult), and is more memorable as a homonym of hōrensō, the Japanese word for "spinach". It is utilised as a basic business rule ...
Mina Mori, a 26-year-old employee of the restaurant chain Watami, committed suicide two months after joining the company in 2008. [2] Her family lodged a complaint with the Yokosuka Labor Standards Office to seek recognition of the suicide as work-related.