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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]
A Japanese woman's life varied immensely according to her family's social status. Women in samurai families were expected to submit to their male heads of household, but as they aged, they could become the ranking household member if their husband died. Children were taught to respect both of their parents, even as adults.
Each of the First to Third Ranks is divided into Senior (正, shō) and Junior (従, ju).The Senior First Rank (正一位, shō ichi-i) is the highest in the rank system. It is conferred mainly on a very limited number of persons recognized by the Imperial Court as most loyal to the nation during that era.
Theory Z of Ouchi is Dr. William Ouchi's so-called "Japanese Management" style popularized during the Asian economic boom of the 1980s.. For Ouchi, 'Theory Z' focused on increasing employee loyalty to the company by providing a job for life with a strong focus on the well-being of the employee, both on and off the job.
A keiretsu (Japanese: 系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relationships and shareholdings that dominated the Japanese economy in the second half of the 20th century.
The monopolistic business practices by the zaibatsu resulted in a closed circle of companies until Japanese industrial expansion on the Asian mainland began in the 1930s, which allowed for the rise of a number of new groups (shinko zaibatsu), including Nissan. These new zaibatsu differed from the traditional zaibatsu only in that they were not ...
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.
The seniority-wage system (年功序列, Nenkō joretsu) is the Japanese system of promoting an employee in order of his or her proximity to retirement. [1] The advantage of the system is that it allows older employees to achieve a higher salary level before retirement and that it usually brings more experience to the executive ranks.