Hire Writer The primary criticism of this generation was their lack of commitment to traditional Japanese values in comparison with their parents.
One of the more perceptible changes was a switch from a collectivist culture to a more individual culture.
Hill, It has been theorised that there is a correlation between economic development and a shift towards an individualistic society. This theory correlates with the article which states that a cause for the shift is the fact that the generation born after grew up in an economically richer society.
This shift also affected organisational loyalty in the form of people changing jobs with greater frequency than ever before. Reiner, This shift in the paradigm of Japanese cultural values has an effect on traditional values.
Which in turn insinuates that the further the culture evolves the less tradition is left in the value system, if trends current stay constant. This shift in cultural dynamics changes the undercurrents of doing business in Japan. A major change is going to be retention of employees.
This is due to the switch from collectivism to individualism and the decrease in personal identification based on company strata in conjunction with decreased company loyalty.
The implication of this is companies are going to have to build their HR departments and find ways to lower employee turnover to reduce training costs. However if trends continue the average worker is going to have an increased understanding of a wide range of markets due to numerous career changes which allow firms access to a greater number of ideas to cope with increasingly dynamic business conditions.
If companies want to optimise the new cultural principles of lowered uncertainty avoidance and the shift towards individualism they are going to have to encourage new product development and add funding to research and development.
Reid, Panasonic have already identified this and moving towards a greater number of policies in this area. Panasonic have also identified the lack of traditional aspects in the business environment and have implemented policies such as; bonuses based on performance and the new employment package plans.
Hill, If uncertainty avoidance and individualism continue to increase to Western levels there may be an increase in start-up companies which would increase competition in the market and possibly decrease the market share of existing companies.
|Market and Industry Trends||Established inthe consumer electronics giant Panasonic was at the forefront of the rise of Japan to the status of major economic power during the s and s before Panasonic was known as Matsushita. In return, Panasonic expected, and got, loyalty and hard work from its employees.|
|FIFA World Cup - Wikipedia||Hiroo Onoda is a Japanese citizen that originally worked at a Chinese trading company.|
These changes could also have been influenced by a greater presence of western culture within Japanese society. However there could be the adverse effect of decreased productivity attributed to a decrease in the number of employees having a personal identification with the company, decreased loyalty as well as a move away from reciprocal obligation and towards entitlement.
This also works in the opposite direction and companies may not feel loyalty or obligation to Japanese employees and instead off-shore operations to lower wage countries in order to increase margins. Reid, Between and there was a rapid acceleration of asset prices in Japan.
This also caused uncontrolled credit expansion and money supply in addition with overheated economic activity. Due to speculation and overconfidence of asset prices, the asset prices began to drop in and collapsed by The asset bubble collapse lasted for more than 10 years and was generally referred to as the lost decade for Japan.We will write a custom essay sample on Matsushita and Japan’s Changing Culture and-japans-changing-culture-essay.
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FlightGlobal is the global aviation community’s primary source of news, data, insight, knowledge and expertise. We provide news, data, analytics and advisory services to connect the aviation. Today I found out about a Japanese soldier who continued fighting World War II a full 29 years after the Japanese surrendered, because he didn’t know the war was over..
Hiroo Onoda is a Japanese citizen that originally worked at a Chinese trading company. When he was 20 years old, he was called to join the Japanese army. MATSUSHITA (PANASONIC) AND JAPAN’S CHANGING CULTURE What were triggers of culture change in Japan during the s?
How is cultural change starting to affect traditional values in Japan?
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