A Cautionary Tale   as long as  Emerging Market Giants JAPAN 35.2% 1994 20.8% 2000 11.2% 2008

A Cautionary Tale   as long as  Emerging Market Giants JAPAN 35.2% 1994 20.8% 2000 11.2% 2008 www.phwiki.com

A Cautionary Tale   as long as  Emerging Market Giants JAPAN 35.2% 1994 20.8% 2000 11.2% 2008

Richardson, Kurt, Managing Editor and Production Editor has reference to this Academic Journal, PHwiki organized this Journal A Cautionary Tale as long as Emerging Market Giants JAPAN 35.2% 1994 20.8% 2000 11.2% 2008 BRIC 0.9% 1995 10.4% 2008

Converse College US www.phwiki.com

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Will those countries (BRIC) lose their edge in the years ahead, as Japan did Problem Unable to trans as long as m the cultures in addition to processes that propelled their early export-led growth into those needed as long as global leadership. Devotion to The Way Japan’s early success: Develop substantial asset bases Achieve economics of scale in addition to drive down cost Maintain the high quality Powerful export value proposition Japan’s early success: Created strong corporate policies, practices, thinking in addition to behaviors Purpose, unity in addition to rules governing relationships in addition to expectations of behavior Devotion to The Way

Devotion to The Way Japan’s decline: Replicating the way Narrow hiring criteria eg: mobile telephony Sony Ericsson Devotion to The Way Is It Risk Developing ways will hinder their international expansion eg: China (Guanxi) Russia (Government) An isolated domestic market Japan: little competition FDI as long as eign firms

Disadvantage: less competitive e.g. Nomura Is it a risk BRIC An isolated domestic market A docile labour as long as ce Japan: homogeneous labour few subethnic groups no local dialects few immigrants Disadvantage: workplace norms diverse, combative labour e.g. sexual harassment, litigation Is it a risk BRIC A docile labour as long as ce

A Homogeneous Team at the Top Japanese companies ——cohesive in addition to homogeneous leadership Matsushita Electric (now Panasonic)——all Japanese during the 1980s in addition to 1990s In the 68 Japanese firms on the 2009 Global 500, nearly 98% of the listed corporate officers were Japanese. Only exceptions: Nissan in addition to Sony On the contrary European in addition to U.S. ——diversifying their leadership Example: Carrefour’s success “ if your company’s international revenues approach 50% of the total, but fewer than 25% of your top leaders come from as long as eign markets, it’s time to get nervous about your firm’s ability to make the leap from plucky challenger to global leader ” Stewart Black, J. & Morrison, A.J. (2010)

Is it a risk Many BRIC companies lack leadership diversity.

WHAT TO DO – Early expatriation – Inpatriation – Education

Richardson, Kurt Emergence: Complexity and Organization Managing Editor and Production Editor www.phwiki.com

Richardson, Kurt Managing Editor and Production Editor

Richardson, Kurt is from United States and they belong to Emergence: Complexity and Organization and they are from  Litchfield Park, United States got related to this Particular Journal. and Richardson, Kurt deal with the subjects like Management; Science

Journal Ratings by Converse College

This Particular Journal got reviewed and rated by Converse College and short form of this particular Institution is US and gave this Journal an Excellent Rating.