What we can learn from Japan

Article Abstract:

Japan has not yet overtaken North America economically, but it will unless North American manufacturers and workers raise their standards and improve their practices to meet the Japanese challenge. Toyota Motor Corp executive Taiichi Ohno set high production standards at Toyota, insisting that work be done right the first time. The process was further improved by listening to workers and making their jobs more flexible. An Ernst & Young study found that North American companies did not implement their total quality programs as successfully as the Japanese.

Management, Corporations, Industrial management, Corporations, Japanese

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The Japanese lesson

Article Abstract:

The impetus of Japan's worsening economy is the collapse of the country's real estate industry in 1990. The industry's collapse began when the Bank of Japan, in a desire to control the increasing yen, made the mistake of increasing the country's money supply immediately. The mistake generated great speculative bubble that ruptured in 1990. Japan's experience imparted an important lesson for Canadian companies.

Real Estate, Real Estate and Rental and Leasing, Canada, Economic policy, Real estate industry

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Down and out in Japan

Article Abstract:

Japan's economic situation holds lessons for economies seeking to keep their GDP at a safe level. The Japanese business climate is largely to blame for the economic downturn. Also to blame is their refusal to admit the problem and their refusal to make major sacrifices brought about by reforms. Economies not wishing to follow Japan's footsteps would do well to recognize the signs and take steps to avoid them.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, GDP by Economic Activity, Economic development

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