Panasonic and Japans Changing Culture In Japan in 1918 Konosuke Matsushita founded Matsushita Electric a consumer electronics company which is known today as Panasonic. Panasonic has offices in 58 different countries and is regarded as one of the world’s largest electronics companies. (Panasonic‚ 2013) Panasonic alike many other Japanese companies was established on a Confucian value system. The Confucian value system consists of three main elements; reciprocal obligations‚ honesty and loyalty
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Panasonic and Japan’s Changing Culture Summary Japan is moving towards more individualism than collectivism after the economic bubble. Nonetheless‚ this is a good opportunity for Japan to adapt to the globalization world and be more competitive. The cultural change will lead to greater mobility of employees‚ which means people will move around jobs more than before. As a consequence‚ company loses loyal employees but what they get by recruiting other people is the experiences. When people have
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Case #2; Panasonic and Japan’s Changing Culture 1. Some of the drivers of the cultural changes in the 1990’s with Panasonic were that Japan’s generation of workers‚ starting with the generation born in the 1960’s‚ did not wholly believe in being a “salaryman” and working for a company from when they start until when they retire. After many years‚ in the 1990’s Japan entered an economic slump that lasted the majority of the 1990’s. Only a few companies at first started to lay off employees and
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CHANGING VALUES AND THE LEGAL CUl.TURE IN JAPAN FUJIKURA Koichiro 1. THE INDUSTRIALIZATION OF MODERN JAPAN Since the Meiji Restoration in 1868‚Japan has pursued a path of modernization‚ using the industrialized nations of the West as its model. In this way‚ modernization in Japan meant westernization and industrialization; it led to the transformation of the traditional governing structure into a highly centralized one and turned the agricultural society into a technologically modern and industrially
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and a well-known brand name. Its slogan "Panasonic ideas for life" represents the advanced technology and the wide range of products which we cover. It’s formerly known as Matsushita Electric Industrial Co. Ltd and stands for the depth and diversity of its research capabilities‚ manufacturing expertise‚ high quality and sophisticated products. In 1918‚ Panasonic was founded by Konosuke Matsushita and headquartered in Osaka Japan. (www.panasonic.net). Panasonic was ranked of 89 the largest company of
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Religion in Japan In Japan today‚ religion is freely practiced and‚ at least in small numbers‚ a multitude of religions are present. The religious beliefs of Japan’s populace breakdown to 91% Shinto‚ 72% Buddhist‚ and 13% other (less than 1% is Christian). Although in the West religious faiths are viewed as mutually exclusive‚ in Japan it is common for a person to adopt beliefs from more than one theology. The majority of the population therefore is both Buddhist and Shinto. Both of these faiths
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Culture of Japan The culture of Japan has evolved greatly over the millennia‚ from the country’s prehistoric Jōmon period‚ to its contemporary hybrid culture‚ which combines influences from Asia‚ Europe‚ and North America. The inhabitants of Japan experienced a long period of relative isolation from the outside world during the Tokugawa shogunate‚ until the arrival of "The Black Ships" and the Meiji period. Fūjin and Raijin‚ Tawaraya Sōtatsu‚ 17th century. Pine Trees‚ Hasegawa Tōhaku Japanese
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Panasonic Manufacturing Philippines Corporation and Subsidiary Consolidated Financial Statements March 31‚ 2011 and 2010 and Years Ended March 31‚ 2011‚ 2010 and 2009 and Independent Auditors’ Report SyCip Gorres Velayo & Co. COVER SHEET 2 3 0 2 2 SEC Registration Number P A N A S O N I C E S M A N U F A C T U R I N G A N D P H I L I P P I N C O R P O R A T I O N S U B S I D I A R Y (Company’s Full Name) O r t i g a s R i z a l A v e n u e E x t e n s i o n
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The Article Summary This article explained about how Panasonic overcome their difficulties in expanding their market in China‚ and the failure to make China as a manufacturing based by using competitive advantage strategy and local adaptation. The journey was started in 1978 when Deng Xiaoping visited Japan to ask for help for modernizing China’s industries. So in 1987 Panasonic established the Beijing Matsushita Color CRT. Panasonic started to understand the Chinese market when the market of home
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CASE STUDY – INFORMING PANASONIC 1. From the information supplied in the case‚ identify three information needs of Panasonic as an organization and explain why this information would be important to managerial decision – making at the company. Three information needs of Panasonic • Has the ability to create‚ store‚ share and analyze data about products‚ customers and suppliers in ways that were not even feasible just a few decades ago. • It had developed numerous duplicative‚ inconsistent and
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