Dr Zain Yusufzai

Japan

Chapter # 17 (page 478-510).

Profile of Japan • Political and legal system • Diet The branch of the Japanese government in which legislative power is vested: it consists of a popularly elected House of Representatives and house of councilors • Population and social patterns • Gaitojin A japans person who leaves his or her company to work for a foreign firm • Gaijin A Japanese word, which means “outsider”, it is used to refer foreigners doing business in Japan • Business and the economy • Ministry of international trade and industry Ministry of international trade and industry (MLTI) A Japanese ministry charged with providing information about foreign markets and with encouraging in vestries and, in the process, helping to direct the economy Keiretsus A Japanese term for a business group consisting of a host of companies and banks linked together through ownership and/or joint ventures • Barriers to business • Large retail store law A Japanese law that limits the size of retail stores and requires that local competing of any facility that is more than 500 square meters Trade imbalances Achieving success in Japan; seven basic steps First; research the Japanese market
International business Alan M. Rugman, Richard M. Hodgetts

1

Dr Zain Yusufzai

Japan

Chapter # 17 (page 478-510).

Second; put the customer first Third; maintain control of operations Fourth; offer the right products Fifth attack and counterattack Sixth; stay the course Seventh; use Japan as a jumping off point Choosing a start-up strategy • Exporting • Japan external trade organization (Jetro) A non-profit, government-supported organization dedicated to the promotion of mutually between Japan and other nations • Licensing agreements An arrangement whereby one firm gives another firm the right to use certain assets such, or copyrights in exchange for a fee • Joint ventures 1. Distribution channels and large customer associations. 2. Recognized technical leadership in the field. 3. Support and service capabilities. 4. Geographic coverage. 5. Market image and reputation. 6. Complementary/competitive product fit. 7. Industrial or banking group associations. 8. Long- term synergies. • Acquisitions • Creating a local subsidiary Managing on-site operations • Recruiting • Choosing location and organization • Making a location decision
International business Alan M. Rugman, Richard M. Hodgetts

2

Dr Zain Yusufzai

Japan

Chapter # 17 (page 478-510).

• Organizing for operations • Financing operations • Banking relationships o Development bank of Japan (DBJ) A publicly funded financial institution with a mandate to advance business projects in accident’s social and economic policies (previously known as the Japan development bank) Raising capital Japan as a triad power

International business Alan M. Rugman, Richard M. Hodgetts

3

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