Keiretsu: Inside the Hidden Japanese Conglomerates

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9780070428591: Keiretsu: Inside the Hidden Japanese Conglomerates

Two Tokyo-based reporters delve inside Japanese big business to show Westerners the full picture -- and to explain precisely how "Japan Inc." has come to dominate global commerce in modern times.

Kenichi Miyashita and David Russell investigate their subject through the fascinating prism of the keiretsu -- Japan's government-sanctioned networks of banks, manufacturers, suppliers, and distributors. Do these syndicates have valuable lessons to teach us? Or do they deserve their rap as protectionist cartels? Or both? Only here will you discover the complete and unbiased truth. And only here will you find haunting, firsthand accounts by Japanese subcontractors of their service to the keiretsu -- a side of business rarely seen by Westerners.

"Our hard-nosed business leaders look like Dorothy wandering through Oz when it comes to dealing with Japan, " the authors say. If you do business in Japan or with Japanese firms -- or are simply curious about the country's rise and possible decline -- Keiretsu will provide an eye-opening, page-turning education.

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From Library Journal:

While there is no perfect translation of the term keiretsu , this volume affords a revealing look at the great "corporate groups" that are the heart of Japan's industrial strength. The nine chapters do a good job of explaining the interdependence of banks, stable shareholding, and interconnecting directories. The authors, a businessman and a reporter, deal with the structure of the "Big Six" horizontal keiretsu (Mitsui, Mitsubishi, Sumitomo, Fuyo, Sanwa, and DKB) and leading vertical keiretsu (e.g., automotives and electronics). With insights from key top-level Japanese executives and discussion of the future implications for American business, this refreshing book is recommended not only for specialized business readers but for anyone curious about learning about the macrostructural form and strategic foundation of Japan's core form of industrial strength.
- Joseph W. Leonard, Miami Univ., Oxford, Ohio
Copyright 1994 Reed Business Information, Inc.

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Kenichi Miyashita, David W. Russell
Published by McGraw-Hill Education - Europe, United States (1995)
ISBN 10: 007042859X ISBN 13: 9780070428591
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Book Description McGraw-Hill Education - Europe, United States, 1995. Paperback. Book Condition: New. New edition. Language: English . Brand New Book ***** Print on Demand *****.Maverick capitalist Boone Pickens has denounced them as government-sponsored cartels. Chrysler s Lee lacocca has suggested forming our own little keiretsu system in the United States. But whether you regard Japan s mammoth corporate alliances as a menace to trade or a model for change, you probably don t understand how the keiretsu really operate. Here, at last, is the book that will open your eyes. Our hard-nosed business leaders look like Dorothy wandering through Oz when it comes to dealing with Japan, observes David Russell, an American business journalist based in Tokyo since 1982. In these pages, he and Japanese counterpart Kenichi Miyashita reveal the inner workings of the keiretsu. Their unbiased, readable investigation delivers a wealth of information about the system as a whole, its individual members, and the intricate web of relationships that links banks, manufacturers, suppliers, distributors, and the Japanese government. You ll gain insight into features that are common to most keiretsu, such as the main bank, stable shareholding, and seconded directors. You ll also examine concepts that have no American parallel, such as the general trading company. And you ll hear from Japanese subcontractors themselves about their experiences serving the keiretsu - an eye-opening look at life inside the pyramid. You ll learn all about the types of keiretsu and how they operate: . Horizontal keiretsu - the bank-centered Big Six: the Mitsui, Mitsubishi, Sumitomo, Fuyo, Sanwa, and Dai-Ichi Kangyo Bank Groups. Vertical keiretsu - the producers of cars (Toyota, Nissan, Honda) and electronics (Matsushita, Hitachi, Toshiba, Sony), and their captive subcontractors. Distributionkeiretsu - a subgroup of the vertical keiretsu that controls much of Japanese retailing, deciding what products will appear in stores and showrooms - and at what price. This is the first book to spell out not only the rules of the keiretsu, but the position of the many players within t. Bookseller Inventory # AAV9780070428591

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Book Description McGraw-Hill Education - Europe, United States, 1995. Paperback. Book Condition: New. New edition. Language: English . Brand New Book ***** Print on Demand *****. Maverick capitalist Boone Pickens has denounced them as government-sponsored cartels. Chrysler s Lee lacocca has suggested forming our own little keiretsu system in the United States. But whether you regard Japan s mammoth corporate alliances as a menace to trade or a model for change, you probably don t understand how the keiretsu really operate. Here, at last, is the book that will open your eyes. Our hard-nosed business leaders look like Dorothy wandering through Oz when it comes to dealing with Japan, observes David Russell, an American business journalist based in Tokyo since 1982. In these pages, he and Japanese counterpart Kenichi Miyashita reveal the inner workings of the keiretsu. Their unbiased, readable investigation delivers a wealth of information about the system as a whole, its individual members, and the intricate web of relationships that links banks, manufacturers, suppliers, distributors, and the Japanese government. You ll gain insight into features that are common to most keiretsu, such as the main bank, stable shareholding, and seconded directors. You ll also examine concepts that have no American parallel, such as the general trading company. And you ll hear from Japanese subcontractors themselves about their experiences serving the keiretsu - an eye-opening look at life inside the pyramid. You ll learn all about the types of keiretsu and how they operate: . Horizontal keiretsu - the bank-centered Big Six: the Mitsui, Mitsubishi, Sumitomo, Fuyo, Sanwa, and Dai-Ichi Kangyo Bank Groups. Vertical keiretsu - the producers of cars (Toyota, Nissan, Honda) and electronics (Matsushita, Hitachi, Toshiba, Sony), and their captive subcontractors. Distributionkeiretsu - a subgroup of the vertical keiretsu that controls much of Japanese retailing, deciding what products will appear in stores and showrooms - and at what price. This is the first book to spell out not only the rules of the keiretsu, but the position of the many players within t. Bookseller Inventory # AAV9780070428591

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