Long-lived Family Businesses in Japan: Factors of Success
Edited by Sigrun C. Caspary Edited by Tom Rüsen Edited by Heiko Kleve Edited by Tobias Köllner Series edited by
Hardback (Published)
(February 2024)
ISBN: 9783847116813
6.3 x 9.33 inches
Price: $74.00
Out of stock
Japanese family businesses are among the oldest in the world and many of them prove a history record of 200 years and more. Research on several case studies of century old firms (‘shinise’) in Japan reveal three factors as secrets of their longevity: (1) the Japanese family system (‘ie’) which favours the succession of the eldest son in the headship of family and business, (2) the option for adopting a capable successor; (3) the inclusion of the relationships with employees, customers, and members of the local community into the strategic decision making. The first chapters shed light on historical milestones, religious beliefs and cultural aspects, and the Japanese family system which shaped the development of family business. Further analysis deals with the succession process in Japan compared to the WIFU Model of Succession in German family firms. The analysis rounds off with perspectives on how to deal with the challenges the Japanese family businesses face regarding the recent changes in the Japanese society.
Japanese family businesses are among the oldest in the world and many of them prove a history record of 200 years and more. Research on several case studies of century old firms (‘shinise’) in Japan reveal three factors as secrets of their longevity: (1) the Japanese family system (‘ie’) which favours the succession of the eldest son in the headship of family and business, (2) the option for adopting a capable successor; (3) the inclusion of the relationships with employees, customers, and members of the local community into the strategic decision making. The first chapters shed light on historical milestones, religious beliefs and cultural aspects, and the Japanese family system which shaped the development of family business. Further analysis deals with the succession process in Japan compared to the WIFU Model of Succession in German family firms. The analysis rounds off with perspectives on how to deal with the challenges the Japanese family businesses face regarding the recent changes in the Japanese society.
- Edited by Sigrun C. Caspary
- Edited by Tom Rüsen
- Edited by Heiko Kleve
- Edited by Tobias Köllner
- Series edited by
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