Adapting Globalization is Urgent Matter for Japan

It's season of disclosing fiscal financial conditions, and i hear IT related service companies such like DeNA, Glee, social game service provider for mobile phone users are expanding their business. But those traditional home appliance giants such like Panasonic, Sony, NEC and etc are disclosing tremendous amount of deficits that we haven't heard for a while. Affecting the earthquake, super strong yen, and sluggish domestic economy, Euro Crisis, etc etc, they can name many cause of negative performance. And experts points out major reason of their declining performance actually losing their share against Korean, Taiwan, and Chinese counterparts especially TV business.

CEO of Panasonic
explains wimpy result

Biggest reason losing is the price. Japanese TV's are okay in terms of quality but price is way up compare to competitors because the production line is still in Japan or even outside that are not efficient enough. Traditionally Japanese has strong sense in monodukuri, manufacturing for their strength and have myth that they never get lose in this category but in fact, they are losing. They have strong belief that their superiority in making things but sadly it's no longer effective by viewing the all those deficits are reported. I think Japan needs to get out the belief that they are tough in this section without evidence.

Mind set is still trap how they change their organization and catch up with competitors. So bottle neck is that they are so conservative enough not to change and assimilate global stage. But blind folded not see the fact of losing. I think myself used to work in an American global company and i thought their strength is people that come from all over the world to join and participate to make company better. People are diversified and the diversity is the biggest strength of the organization of course they are smart people. Because our business environment is changing rapidly and homogeneous which many of Japanese enterprises still are, hard to catch up the what's happening around world. Less flexibility thus no speed on decision etc. Homogeneous way worked well when world was simple to create simple set of products. The world we belong no longer works that way, but to see rapidly changing environment and decides what's to do. That makes possible is to mixed of many different ways of thinking to prepare change.

Students are still adapting to homogeneous
 recruiting culture in Japan

Japanese companies are starting to hire foreigners or foreign experienced Japanese students even for their HQs. Until recently, many of fresh graduates join the same company, most of them have similar back ground and spend many years together in the same company. But now it's more likely your coworkers are coming from different places and so get different values and thoughts. That's quite new experience at many work place in Japan. But i think that's few thing that Japanese companies can be flexible and be quicker thus be stronger.