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Why Japanese companies do so many different things

davidoks.blog

331–340 of 439 posts

Re: Why Japanese companies do so many different things

#331
post #134
post #81

Earlier quoted context omitted.

> how Westerners idealize Japan Westerners are taught by the media and education to idealize Japan and hate China almost everywhere. They present cherry-picked aspects of both countries that make China look bad and Japan look good. In reality every country has its good and bad aspects. This is just part of the propaganda machine and what politicians want you to believe, in an effort to align their populations to be s…

> Westerners are taught by the media and education to idealize Japan and hate China almost everywhere. As an American educated by the American public education system and indoctrinated by American media, our government is certainly stupid and vengeful enough to make me want to support this if it were true, but it's just not. The much more banal truth is that Japan is extremely talented at exercising soft power by pro…

> our government

We're talking about media and narratives mainly.

On idealizing Japan, people here seem to think it's benefic and pushed by Japan, where I think it's more complicated. If the goal is to keep the US customers and workers in a state of fear and adversity, you need a credible threat from a somewhat powerful enemy, and idealization becomes needed.

That was Japan a few decades ago, that lead to the bashing movement, and I think it kept going t a smaller pace still, while China got set as the next unstoppable threat.

Re: Why Japanese companies do so many different things

#332
post #7

It’s always fascinating to see how Westerners idealize Japan on platforms like HN. It makes me wonder(i'm korean): how would a Westerner react if they saw me romanticizing the Mondragon cooperatives in Spain? They’d probably find it strange and out of touch with reality. This essay on Japan's corporate diversification and physical tacit knowledge is an interesting read. However, as an East Asian, my assessment is tha…

I think it's the density of Californians, and that Japanese culture, food, second language etc. is popular there probably not least due to their relative proximity.

If HN was Brit-dominated, while less romanticised perhaps we probably would seem oddly fascinated with say France, to our minority members elsewhere.

Re: Why Japanese companies do so many different things

#333
post #281

Earlier quoted context omitted.

The idea that Japanese companies provide more stability and lower returns on capital isn't a hypothesis, it's backed up by data https://www.nber.org/papers/w1762 https://ideas.repec.org/p/iza/izadps/dp6183.html

Failed businesses also tend to provide lower returns on capital, and that’s totally backed up by data. Doesn’t mean the “purpose” of those companies was to provide lower returns on capital.

The purpose of a system is what it does.

Re: Why Japanese companies do so many different things

#334
post #163

Earlier quoted context omitted.

> Not being a single-party, notionally communist dictatorship may be helping with the image too? I don't know, spitballing here. No, everyday people are perfectly content to warm to brutal dictatorships who successfully put on a friendly face. Case in point: Dubai.

I don't think there are many people in the West who profess love for the UAE. But there are several reasons why it's not as disliked. First, it's a monarchy, and monarchies are harder to parse, given that many European countries are notionally monarchies too. Second, it's not by any stretch of imagination a serious geopolitical or economic threat to the West. Third, although it is authoritarian, by most third-party a…

People seemingly often forget how brutal Chinese authoritarianism can be. I don't know whether it's the fault of the news or if it's selective amnesia, but there are few worse cases of authoritarianism than the country that welded people into their apartments.

Re: Why Japanese companies do so many different things

#335
post #28

Earlier quoted context omitted.

> It makes me wonder(i'm korean): how would a Westerner react if they saw me romanticizing the Mondragon cooperatives in Spain? They’d probably find it strange and out of touch with reality. Quite the opposite - for me, anyway. FWIW, as a Westerner, I find the Mondragon Corporation to be fascinating and something I've read a lot about because there's no way we've figured out the ideal sort of setup for a business (or…

Same thing, being Spanish the Basque Cooperatives movement is fascinating. Do you have any recommended read about it?

Probably whatever George Orwell wrote after he picked up a gun and fought on their behalf.

Re: Why Japanese companies do so many different things

#336
> The first thing we should note is that Japanese companies do a lot of things differently from Western companies.

> The most important of these, by far, is lifetime employment

That ship has sailed. The most favorable accounts[0] put it around 30~40% of the workforce at most, other accounts pronounce it dead. There can be pockets of exceptions, but the bigger companies still afloat aren't shielded from that reality.

[0] https://eprints.whiterose.ac.uk/id/eprint/43581/1/matanlemat...

Re: Why Japanese companies do so many different things

#338
post #28

Earlier quoted context omitted.

Same thing, being Spanish the Basque Cooperatives movement is fascinating. Do you have any recommended read about it?

Probably whatever George Orwell wrote after he picked up a gun and fought on their behalf.

Orwell had been dead for several years when a Catholic priest started those cooperatives.

Re: Why Japanese companies do so many different things

#339

> This is very different from how most wealthy countries operate. American firms, for example, tend to prioritize focus above all else It hasn't always been like that. Western companies, including US companies, used to have lots of diversification as well (maybe not as much as the Japanese, but much more than today's companies still: not that long ago a company like IBM used to make mouses and keyboards, in addition…

Correct, and specifically, it was the total focus on "shareholder value" which caused this, as most often splitting the company and selling its parts brought more immediate value to shareholders. If that also brings more long-term value could be more difficult to assess.

Re: Why Japanese companies do so many different things

#340
post #7

It’s always fascinating to see how Westerners idealize Japan on platforms like HN. It makes me wonder(i'm korean): how would a Westerner react if they saw me romanticizing the Mondragon cooperatives in Spain? They’d probably find it strange and out of touch with reality. This essay on Japan's corporate diversification and physical tacit knowledge is an interesting read. However, as an East Asian, my assessment is tha…

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