January 19, 2017 10:22 pm | Jellyfish Education Consultancy
Japan is indeed small but terrible; they are considered to be a major economic power in the modern world and it currently stands as the 3rd largest economy in the entire world, trailing behind only the United States of America and The People’s Republic of China.
The application to some of their cultural philosophies contributed to the success of the country in the economic sector. For example, they have a principle called “Nemawashi” where before making any major change in business, you gather the support and input from all those involved whether it be a manager or a low level employee and by doing this you gain their support which makes the change easier to deal and adapt with. This adaptability helps them to stay competitive in the world market.
Manufacturing is one of Japan’s strengths, but the country has few natural resources. One common pattern is for Japanese companies to import raw materials and then process them to make finished products which are sold domestically or exported.
Japan’s largest imports are raw materials for production as well as oil to fuel their machinery and vehicles. Japan’s largest import partners are The United States and The People’s Republic of China.
Due to the number of factories and companies in Japan, the unemployment rate stands at only 4%.Most Japanese companies basically offer lifetime employment unless you do something really bad; the Japanese will keep you as they believe that “kaizen” (continuous improvement) also extends to the employee.
The Japanese appreciate loyalty among all else with the myth of the loyal samurai adapting to the corporate world. They understand that the economy is cyclical and they always want to keep their people around.
If you want to stay around and feel as if you belong somewhere for your entire life, there’s no better place to do so than at Japan.
Written By: Dee Llenos
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