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Remodeling Corporate Japan Dan Carullo Dr. Sullivan INT 200-01 April 17, 2005 Remodeling Corporate Japan The prolonged recession that Japan has been fraught with
has 3,131 stores throughout the United States, Canada, the United Kingdom, France, Ireland and Japan ("About Gap, Inc.," 2007). The Gap store was founded in 1969.
Lan-in Harman's hemisphere. With the ultimate establishment of Modern Japan-out of the Western remodeling of Occupied Japan-it may be inferred that Kun Lan's powers
sector average growth looks to be following an upward pattern. The Asian economies (excluding Japan) are expected to grow at 6% consistently till 2005-06. Positive
stores have been closed. ? The stores have been remodeled, with new designs and layouts. The remodeling has included the introduction of point of sale systems (POS).
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Dan Carullo
Dr. Sullivan
INT 200-01
April 17, 2005
Remodeling Corporate Japan
The prolonged recession that Japan has been fraught with since the 1990's has impacted Japan as a nation in several ways. Foremost among these are the decline of wages and inflated cost of living. To cope with rising expenses, a company only has a few options. What is often seen in the United States is a series of lay-offs, and often older employees are pressured into early retirement. When positions need to be filled, lower salaried younger workers are employed. Due to the traditions of the Japanese business culture, this is not the method of choice.
Traditionally Japanese firms grant promotions and raises based on loyalty to the company, rather than a merit based system as in the US. As such, from a financial standpoint, it would seem even more reasonable to use the US approach. However, the sense of loyalty to the elder employees is too strong for this to be the immediate course of action. Instead, have chosen to cease hiring at entry-level positions, and when necessary lower wages. There are two significant effects caused by this: the workforce's age concentration is shifted significantly upward (See figure 1-A, 1-B), and the younger generation is further disillusioned from the idea of joining a firm.
To further complicate matters, there is a purely cultural reason for young Japanese not to begin careers. Japan's emerging generation post-university youth is often likened to America's Generation X, a generation of slackers'. This generation of free-spirited, idealistic, and often lazy group counter-culture citizens does not look wistfully upon a future in business. Like Generation X, Japan's youth would prefer to work part rather than time than take on an entry-level position to start a career. On top of this, youth receive little pressure from the family to get out of the house and start their own life; "The...
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