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Home » Archives » November 2005 » Abegglen: "Reward the Group, Hire Foreigners"

Abegglen: "Reward the Group, Hire Foreigners"

Saturday, November 26, 2005 Posted: 02:53 PM JST

Last April iKjeld.com did a short story on veteran Japan analyst James C. Abegglen. The story linked to an article in the Daily Yomiuri, in which Abegglen argued that the past ten years were not a "lost decade" for Japan. On the contrary, says Abegglen, it was a decade in which Japanese business was busier than ever.

The Asahi carried an extensive and interesting interview with Abbeglen this week. Abegglen explains why Japanese firms should adopt a management style that suits Japanese society. "He suggests rewarding group performance more than individual performance and hiring competent foreigners in order to be successful in this era of globalization. Lastly, he advocates focusing more on basic research and profit rather than market share."

Keywords: national_news

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The now legendary Sir Ernest Mason Satow (1843-1929) was a member of the British legation in Tokyo for twenty-one years. This classic book is based on the author's detailed diary, personal encounters, and keen memory. In it, Satow records the history of the critical years of social and political upheaval that accompanied Japan's first encounters with the West around the time of the Meiji Restoration. Fascinating.
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