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Multinational Companies from Japan - Capabilities, Competitiveness, and Challenges (Paperback)
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Multinational Companies from Japan - Capabilities, Competitiveness, and Challenges (Paperback)
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Since the bursting of Japan's bubble economy, from 1990 onwards,
its multinational companies (MNCs) have faced new competitive
challenges, and questions about the management practices on which
they had built their initial success in global markets. Japanese
engagement in the international economy has undergone a number of
phases. Historically, Japanese MNCs learnt from foreign companies,
frequently through strategic alliances. After the post-war
'economic miracle', Japanese manufacturers in particular converted
themselves into MNCs, transferred their home-grown capabilities to
overseas subsidiaries, and made an impact on the world economy. But
the period after 1990 marked declining Japanese competitiveness,
and asked questions about the ability of Japanese MNCs to be more
responsive and global in their strategies, organization, and
capabilities. It has been argued that the established management
practices of Japanese MNCs inhibited adaptation to recent demands
of global competition. This volume presents new case evidence on
how Japanese MNCs have responded to the new challenges of the
global market place, and it provides examples of how they have
transformed strategies and competitive capabilities. This book was
originally published as a special issue of Asia Pacific Business
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