Strategies of Sony and Toray

Strategies of Japanese Corporations Facing Global Competition: The Cases of Sony and Toray Takeo KIKKAWA MANY volume in Japan today are having serious doubts astir(predicate) the future of the big Japanese companies that for so long retained a virtual oligopoly in the domestic market. In their view, the majority of these companies are going to have little chance to make out internationally in the face of orbicular competition maturement stronger each year. For example, the Long-Term Credit Bank of Japan (LTCB)1 was notified in September 1999 by the Financial Reconstruction Commission that the relegating had selected New LTCB Partners (Partners), an investment group formed by Ripplewood Holdings and other investors, as the preferred burn downdidate for the acquisition of the LTCB. And at the thirty-third Tokyo Motor Show in the autumn of 1999, the about talked-about topic was neither Toyotas latest hybrid car nor Hondas urban style vehicle, but Mr. Carlos Ghosn, the new chief operating military officer of Nissan, who had been brought in from Renault. A lot of Japanese were shocked to enter the LTCB coming under the control of a U.S. financial insertion and Nissan brought under the umbrella of a French motor company. right away they started talking about a sanction defeat.

The expression second defeat implies the failure of Japanese companies to hold out against global competition. The November 1999 issue of Bungei shunju, one of Japans most widely contract monthlies, carried a feature story called Reorganization of Japan: lonesome(prenominal) These Companies Can Survive. The article maintains that in the manufacturing sector, only the following companies can survive global competition under existing hazard:2 Iron and steel: Nippon Steel. Shipbuilding: None. Automobiles: Toyota and Honda. Synthetic fibers: Toray and Teijin. chemics: Sumitomo Chemical and Shin-Etsu Chemical. Machinery: Uncertain3 Electrical appliances: Sony and Matsushita. Only nine firms appear on that list. chiefly speaking, those... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .