Compare and Contrast Business Systems in Japan and China. Answer with Reference to Relevant Theories and Use Comparative Country and/or Corporate Examples.
Compare and contrast business systems in Japan and China. Answer with reference to relevant theories and use comparative country and/or corporate examples.
Word count: 2,608
To understand the differences between Japanese and Chinese business systems we must first understand the meaning of a “business system”. A “business system” is a “methodical procedure or process, used as a delivery mechanism for providing specific goods or services to customers in a well defined market” (1). Unlike the Eastern ways of doing business, Asian-Pacific business is heavily influenced by religion and the ways of society plays an important role in the approach they take on doing business. Before we compare and contrast two leading countries, it is important to analyse the business culture and the economy of both countries. This essay will compare and contrast “how they do business”, “how the government interacts with the business market” and “how businesses borrow money”.
Japan:
The Japanese business system is a very complex, society oriented model. It has been formed by centuries and centuries of “feudal military dictatorship”, often referred to as a “Shogunate” (2). They implemented an early form of capitalism, called “Kabunakama”- a union of merchants “entrusted by the “Shogunate” to manage their respective trades, and were allowed to enjoy a monopoly in their given field” (3). This form of capitalism and state run economy is still present, up to this day, in the 21st century Japanese business and culture. According to Kahn, Japan, and most of the important Asian pacific countries or cities, were very heavily influenced by a “neo-Confucian” style of economics. The traits of which included “sobriety, a high value for education, a desire to succeed, seriousness about life and a hard-working ethics” (5).
Business Culture:
Japanese culture is similar, in some ways, to the rest of the Asian pacific countries. Their awareness of their cultural heritage
Word count: 2,608
To understand the differences between Japanese and Chinese business systems we must first understand the meaning of a “business system”. A “business system” is a “methodical procedure or process, used as a delivery mechanism for providing specific goods or services to customers in a well defined market” (1). Unlike the Eastern ways of doing business, Asian-Pacific business is heavily influenced by religion and the ways of society plays an important role in the approach they take on doing business. Before we compare and contrast two leading countries, it is important to analyse the business culture and the economy of both countries. This essay will compare and contrast “how they do business”, “how the government interacts with the business market” and “how businesses borrow money”.
Japan:
The Japanese business system is a very complex, society oriented model. It has been formed by centuries and centuries of “feudal military dictatorship”, often referred to as a “Shogunate” (2). They implemented an early form of capitalism, called “Kabunakama”- a union of merchants “entrusted by the “Shogunate” to manage their respective trades, and were allowed to enjoy a monopoly in their given field” (3). This form of capitalism and state run economy is still present, up to this day, in the 21st century Japanese business and culture. According to Kahn, Japan, and most of the important Asian pacific countries or cities, were very heavily influenced by a “neo-Confucian” style of economics. The traits of which included “sobriety, a high value for education, a desire to succeed, seriousness about life and a hard-working ethics” (5).
Business Culture:
Japanese culture is similar, in some ways, to the rest of the Asian pacific countries. Their awareness of their cultural heritage
Bibliography: (11) Wikipedia - http://en.wikipedia.org/wiki/Economy_of_Japan (12) blietaer (2010) “The WAT System in Japan” [online] available at http://www.lietaer.com/2010/05/the-wat-system-in-japan/