International Aspects of Japan: Cultural Insights and Economic Impact
Explore the various international aspects of Japan, from historical issues and globalization to cultural and leadership differences. Discover how Japan navigates the international political economy, trade blocs, and partnerships with a focus on societal goals. Gain insights into the unique cultural dimensions of Japan compared to the United States and the challenges faced in leading in a risk-averse, hierarchical society.
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Presentation Transcript
Various International Aspects
Various International Aspects Japan Historical Issues and Globalization GlaxoSmithKline has research and development center in Japan focused on development of cures for rare diseases (Ryall, 2012) Bosch German automotive equipment maker offer innovative solutions to meet local needs (Bosch, 2020)
Various International Aspects Japan Historical Issues and Globalization Culture differences understanding diversity and integrating organizational and company s culture Learning new market lifecycles Learning curve Competition from local companies
Various International Aspects Japan International Political Economy Trade Blocs Liberalization of international markets opened trade for country led to boost in economic growth rate Allow for stable import resources for supply chain activity Increased Japanese foreign direct investments (Farrell, 2015)
Various International Aspects Japan International Political Economy WTO encourage foreign countries; lower thresholds IMF lending, stabilize global economy World Bank creditor, decision-maker IDB Japanese Trust Funds offer credit to IDB for economic growth
Various International Aspects Japan Cultural/Leadership Differences Dimension Power distance Japan Borderline hierarchi cal society Collectivistic society High masculinity Highly Risk averse United States Low hierarchy Individualism Masculinity Uncertainty avoidan ce Long-term orientati on Indulgence High individualistic High masculinity Less risk averse Serve society in lon g-term High restraint Short term orientati on profit and loss High indulgence
Various International Aspects Japan Cultural/Leadership Differences Need to consider partnerships with locals who have better understanding Have focus on societal goals rather than company loss and profit Challenges of leading low risk taking, hierarchical structure of government and corporations
Various International Aspects India-Communication and Negotiations, Cultural differences Strong hierarchical structure top- down decision-making Patients is key take time in analyzing and making decisions (Bryant, 2019) Strong preference for socialization in conducting business
Various International Aspects India-Communication and Negotiations, Verbal nonverbal Highly reliant on non-verbal gestures different gestures for different aspects Official language is Hindi Inappropriate to ask and demand direct and immediate response Common for people to sit silent and enjoy each other s company
Various International Aspects India-Communication and Negotiations Apply Knowledge Using verbal and non-verbal gestures for greetings Observe conversational etiquette keeping silent and pausing Learn common phrases and words in Hindi to aid cross-cultural communication
Various International Aspects India-Rule of Law and Ethics -Colonialization Under British colonial rule Copy of British technologies in agriculture and industries Use of blended British and Indian justice system Religious influence of Christianity
Various International Aspects India-Rule of Law and Ethics system and entreprenuership Utilizes common law from British rule Current political rule has created rigidity for entrepreneurship property rights lack of protecting the fundamental right entrepreneurs limited in access to credit
Various International Aspects India-Rule of Law and Ethics Allows for foreign companies to register intellectual property rights since country looks to position self as R$D center Register property rights at onset can eliminate hindrance of any infringement issues at later date
Various International Aspects India-Rule of Law and Ethics Tax risks structure to be tax compliant Compliance burden of corporations in India is exhaustive need to cover laborious process Apply appropriate state stamp duties for property rights Low contract enforcement need legal backing in higher court
Various International Aspects UAE-Trade and Macro Economics - Currency Currency affects the transaction costs of paying foreign suppliers, affect bottom line, and also liquidity Strong currency is good lowers import costs, leads to lower prices for consumers, however, exports may be priced high leading to lower market share
Various International Aspects UAE Entry Strategies for Amazon Amazon would use a partnership Strategic marketing and co-logistics partnership - allow for a company that is conversant with the local conditions Added advantage from a partnership as the local partner or partners would have better social and cultural understanding
Various International Aspects UAE Entry Strategies Pros and Cons Advantages quick access and operations in the new market, benefit of exploitation of existing network, enjoy local knowledge Cons - cultural alignment between Amazon and the partners, risk of weaker management, long-term meeting of targets
Various International Aspects UAE-Looking Forward Hype Cyles Innovative trigger Peak of Inflation of expectations Trough of disillusionment Slope of enlightenment Plateau of productivity
Various International Aspects UAE-Looking Forward Al Hosn App Al Hosn app uses contract tracing to determine testing of individuals for COVID-19 App is used to help deal with fighting COVID-19 and tracing contacts reduce spread of coronavirus (Al Hosn, 2020)
Various International Aspects UAE-Looking Forward Al Hosn App At innovation trigger phase covid-19 has necessitated the emergence of the technology Media publicity has been key driver of app, there is still need to have increased use to record failures and more success stories
Various International Aspects References Al Hosn (2020). Protecting yourself protects your community. Retrieved fhttps://www.alhosnapp.ae/en/home/ Bosch (2020). Bosch scores big in Japan with clever technology. Retrieved from https://www.bosch- presse.de/pressportal/de/en/bosch-scores-big-in-japan-with-clever-technology-160896.html Bryant, S. (2019). 8 cultural differences between USA and India. Retrieved from https://countrynavigator.com/blog/global-talent/usa-and-india/ Farrell, R. (2015). The Impact of Trade Policy on Japanese Trade and Investment. The Political Economy of Japanese Trade Policy pp 157-174. Retrieved from https://link.springer.com/chapter/10.1057%2F9781137414564_6 Heath, B. (2012). The Impact of European Colonialism on the Indian Caste System. Retrieved from https://www.e-ir.info/2012/11/26/the-impact-of-european-colonialism-on-the-indian-caste-system/ Hofstede Insights (2020). Country Comparison - Japan and the US. Retrieved from https://www.hofstede-insights.com/country-comparison/japan,the-usa/ Ryall, J. (2012). GlaxoSmithKline Japan. Retrieved from https://japantoday.com/category/features/executive-impact/glaxosmithkline-japan
