Matsushita Case 12
Matsushita Case
Phacharakamol Kumpinyo
ID: 5529161
Case NO.1: Matsushita
1. Triggers of cultural change in Japan during the 1990s were traditional ways of doing business. In 1990s, Japan was encounter with bubble burst of financial crisis (economic slump) then every business unit which were get the problem with crisis must change their business ways as fast as they can to make their business moving on with not crush. Businesses start to lay off worker and reduce business size to smaller and change in many internal process such as company benefit, company housing, etc. Then it makes cultural change on working attitude of worker to have less loyalty and focus on higher salary instead.
2. Japan change culture influence the way Japanese business operate in the future is decentralize the power and profit to split the risk that can crush the company. The potential implications of such changes for the Japanese economy.
3. The traditional Japanese culture benefit Matsushita during the 1950s-1980s is cradle to the grave employee. At Matsushita, employees were good taken care from the company. The firm provided them with a wide range of benefits including cheap housing, guaranteed lifetime employment, seniority based pay systems and generous retirement bonuses. The Matsushita was got loyalty and hard work from its employees. Did traditional values become more of a liability during the 1990s and early 2000s? Yes it is. The Matsushita spend a lot of money for take care their employees as cheap housing, retirement bonuses and guaranteed lifetime employment. The Matsushita must pay high cost while get low profit from Japanese economic slump.
4. Matsushita trying to achieve with human resource changes it has announced is taking aim at the life time employment system and the associated perks. The Matsushita give 3 options for recruits. First, they were get benefit almost as same as before such as subsidized company housing or receive a retirement bonus. Second, they could deny
Phacharakamol Kumpinyo
ID: 5529161
Case NO.1: Matsushita
1. Triggers of cultural change in Japan during the 1990s were traditional ways of doing business. In 1990s, Japan was encounter with bubble burst of financial crisis (economic slump) then every business unit which were get the problem with crisis must change their business ways as fast as they can to make their business moving on with not crush. Businesses start to lay off worker and reduce business size to smaller and change in many internal process such as company benefit, company housing, etc. Then it makes cultural change on working attitude of worker to have less loyalty and focus on higher salary instead.
2. Japan change culture influence the way Japanese business operate in the future is decentralize the power and profit to split the risk that can crush the company. The potential implications of such changes for the Japanese economy.
3. The traditional Japanese culture benefit Matsushita during the 1950s-1980s is cradle to the grave employee. At Matsushita, employees were good taken care from the company. The firm provided them with a wide range of benefits including cheap housing, guaranteed lifetime employment, seniority based pay systems and generous retirement bonuses. The Matsushita was got loyalty and hard work from its employees. Did traditional values become more of a liability during the 1990s and early 2000s? Yes it is. The Matsushita spend a lot of money for take care their employees as cheap housing, retirement bonuses and guaranteed lifetime employment. The Matsushita must pay high cost while get low profit from Japanese economic slump.
4. Matsushita trying to achieve with human resource changes it has announced is taking aim at the life time employment system and the associated perks. The Matsushita give 3 options for recruits. First, they were get benefit almost as same as before such as subsidized company housing or receive a retirement bonus. Second, they could deny