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Many American and European businesspeople argue that the keiretsu system in Japan acts as a barrier to foreign companies entering the Japanese market. Why do you think they believe this?
According to the Wikipedia "a keiretsu, keiretsu is a set of companies with interlocking business relationships and shareholdings. It is a type of business group" (Wikipedia, n.d.) The character of these groups is to cooperate, to support and supply each company within the group in order to protect companies from growing world competition. Japanese businesses in keiretsu protect domestic market from foreign investments and inflow of competitors. From Japanese point of view, there is high level of business protection. Moreover, the cultural aspect of Japan is important to mention. Japanese culture is high context culture where decision making process is within the group and loyalty to business group is on very high level of the scale. (Griffin, Pustay, 2005) Therefore, these groups are viewed as positive.
On the other hand, foreign businesses those want to enter the Japanese market feel discrimination because these "cultural" barriers have no formal form such as NAFTA or other trade organizations; therefore, it is hard to negotiate. Foreign investors entering Japanese market need to face cultural barrier, while Japanese companies face "only" formal barriers. That is why American and European businesspeople feel keiretsu as the barrier with no way to overcome.
What else can I help you with?
What do Japanese trading companies do?
Japanese trading companies are similar to an American conglomerate in that they control diversified large companies that encompass a large cross section of the economy. Typically in Japan a company like Mitsui or Nissan would also have control of a auto manufacturer, large bank, a steel company, a casualty insurance company, a life insurance company, an aluminun company, a electronics manufacturer, a heavy equipment company, a large consumer food company,an oil company, and other critical parts of the economy. In addition, the hunreds of suppliers of all these companies would also have stock owned by the trading company. These companies and suppliers would also own shares of the trading company. These cross share holdings are considered "expressions of interest" between these companies. The end result is a group of about six large trading companies with hundreds of crossholders that account for a large percent of the gross national product of Japan. These cross holdings encourage companies to do business with others members of the trading group.
How did the Congress protect American industry after the war of 1812?
After the War of 1812, Congress enacted a tariff on goods being imported from other countries. The tariff raised the price on the products coming into the country. This made it easier for American companies to compete for the business of consumers.
What spurred the growth of catalog companies?
mail-ordered business
What was created to monitor American business?
Better Business Bureau, or the Attorney General
What did president Harding and Coolidge believe the business of the American people should be?
"The business of America is business." Calvin Coolidge
How useful is speaking Japanese in American jobs?
America does do a lot of business with Japan, so in some companies, it would be useful to speak Japanese, but in most companies, it doesn't come up. If you had a business that catered to Japanese tourists, then obviously a knowledge of Japanese would be tremendously useful. But for easily 99% of American businesses, Japanese is not used or needed.
What has the author George S Yip written?
George S Yip has written: 'Effects of nationality on global strategy in major American, European, and Japanese multinational companies' -- subject(s): International business enterprises, Management, Strategic planning
List of Japanese companies are in Malaysia?
There are many companies that have transferred to Malaysia. This helps them to be available for more international business and to expand.
What are the prospects of learning Japanese in engineering?
There are many engineering and construction companies in Japan. Organizations seeking to do business with these companies may need personnel who know Japanese. It is also an added advantage for Engineers seeking jobs in these companies.
How do American Express companies transact their business?
Companies using American Express credit cards transact their business in much the same way as any other companies. American Express holders may have more difficulty in some areas because the card is not universally accepted.
Which companies offer corporate business credit cards?
Companies that offer business credit cards include MasterCard, Visa, Citibank, American Express, and Capital One. You can apply for a business credit card online at these companies' websites.
What has the author Dipak R Basu written?
Dipak R Basu has written: 'Japanese multinational companies' -- subject(s): Corporations, Japanese, Finance, International business enterprises, Investments, Japanese, Japanese Corporations, Japanese Investments
What companies allow you to apply for a business credit card online?
Many companies allow people to apply for business credit cards online; some of the companies include Mastercard, American Express, Discover, and Chase.
What are some companies that have business card designing for under 20 US dollars?
Some companies that have business card designing programs that cost less than twenty American dollars are "Moo" and "GotPrint". Both companies are online.
What statement best summarizes American business in the 1950s?
American companies found new markets both at home and overseas (apex)
What companies offer competitive business credit card offers?
The companies that offer competitive business credit card offers are MasterCard, VISA, JTI, American Express, CitiBank and Discover. Each of these companies as different offers depending on the location.
How many American companies do business in Mexico?
Thousands. Most American companies have at least one branch or subsidiary in Mexico. Some examples include Ford Motor, General Motors or Hershey's.
