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Japanese Management 20 years on - The contemporary
relevance of Japanese management practices |
This report discusses the contemporary relevance of
Japanese management practices to managers, policymakers
and academic researchers. In the 1980s, a period marked
by strong performance of the Japanese economy and the
emergence onto the global stage of a number of leading
Japanese corporations, managers and management academics
in the UK and other Western countries studied Japanese
management with great interest.
There was widespread recognition of the efficiency
and competitive advantage afforded by certain management
practices and several features of the ‘Japanese model’
were adopted by companies in the UK, continental Europe
and North America. However, two decades of weak economic
growth have undermined this belief that Japanese
management can serve as a role-model for Western firms.
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