A History of Top Management in Japan: Managerial Enterprises by Hidemasa Morikawa

By Hidemasa Morikawa

This e-book analyzes the head administration of major jap businesses. Drawing at the paintings of Alfred Chandler, Morikawa demonstrates the adaptation among family-owned enterprises and professionally controlled firms.

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Sample text

And although there is, of course, an argument for examining the formerly communist countries, the collapse of communism is still so recent that the situation in many of these countries is still so much in flux that accurate analysis is, for the present time, essentially impossible. Viewpoints from Ryuichiro Inoue Dr. 33 Inoue’s studies have focused on the rapid advance of industrialization in the newly industrialized countries of Southeast Asia during the 1970s and 1980s. In particular, he also looks at the zaibatsu and private enterprises in these economies, both of which were driving forces in the industrialization process.

On the contrary, talented successors may try desperately to supersede the legendary founder and, in doing so, either fly too close to the sun or hit the wall put in place by those who remain in awe of the founder and are unwilling to step outside the boundaries imposed by the founder’s legacy. Loyalty is not an easily transferable commodity, and, as many successors have found, it is a sharp, double-edged sword. The second reason family enterprises and nominated successors fail to succeed is, again ironically, often due to the success of the business.

Although there seems to be no reliable information about whether the number of family enterprise failures caused by family disputes is greater than 30 History of Top Management in Japan those caused by incapable heirs, I can state categorically that there’s no easy way to prevent disputes from erupting within a family over a company’s assets and its management. In some cases, blood is not thicker than water, especially if money and power are involved. There are many examples from the past and present and from all over the world that show that establishment of family rules concerning a family firm’s assets and management is the most effective way of preventing disputes from arising within the family.

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