Industry Model 2.0: Raising the competitiveness of corporate Japan
Japan has had a tough time in recent years, with some of its major companies posting significant losses or profit warnings. The domestic market is stagnating and shows limited growth potential: local demand is sluggish and the current population of approx. 127 million is aging at a rapid pace. By 2050, the Japanese population is expected to shrink to below 100 million people. Thus, companies have already initiated drastic changes in their business and industrial models. These changes can make the difference between being a healthy or ailing player and provide companies with the flexibility and globalization necessary to overcome economic difficulties.
This study analyzes the key differences between Japanese companies and businesses from other major countries. The study also looks at several examples of successful and unsuccessful business models chosen by Japanese companies to define the key features for good business.