Tab Article
Based on an oringinal Japanese work, the publication brings home to readers the characteristics of a distinctive and unique system of managing Japanese enterprises which is an outcome of the social and cultural settings of Japanese society. This singular system not only helped Japan in achieving high economic growth in the sixties but in absorbing the traumatic shock following the 1973 oil crisis.
The book also deals with the future of this system as it is poised to undergo changes in view of the slowdown of Japanese economy, aging of Japanese society and other socio-economic conditions prevailing in the world.
As for adaptation of this system, despite its strict conformity to Japanese settings, the author maintains that it can be transplanted in developed and developing countries in the same way as it was developed and developing countries in the same way as it was developed and nurtured in Japan after borrowing and pruning from abroad.
