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."
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