Published by:
Harvard Business Publishing
Length: 8 pages
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Abstract
Japanese business success stems from a complex web of relationships among business, government, and quasi-government organizations. Government, guiding rather than regulating free enterprise, has encouraged modernization, accelerated market forces, and reduced disruptions caused by the decline of industries. The United States must understand the mechanisms of Japanese success in order to make the organizational changes required to create a more conducive climate for free enterprise.
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Abstract
Japanese business success stems from a complex web of relationships among business, government, and quasi-government organizations. Government, guiding rather than regulating free enterprise, has encouraged modernization, accelerated market forces, and reduced disruptions caused by the decline of industries. The United States must understand the mechanisms of Japanese success in order to make the organizational changes required to create a more conducive climate for free enterprise.