Dipak R. Basu, Victoria Miroshnik
December 6, 2018 Forthcoming
Reference - 218 Pages - 6 B/W Illustrations
ISBN 9781138322646 - CAT# K391993
Series: Routledge Studies in Corporate Governance
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The book looks at the corporate management system and how it affects company performance. The main theme revolves around the notion that when a company values its workers and their satisfaction, that company can achieve success. The book is unique in its quantitative perspective and analysis and examines whether a corporate management system can be regarded as a source of a firm's competitive advantage by creating a sustainable competitive advantage and firm performance. The book examines how, in the context of Japanese multinational corporations (MNCs), corporate management can be part of an MNC's strategy in enhancing its capabilities, both in the home and abroad, in Japan and in Thailand. Also, it analyses the reason for the demise of two major Indian companies, Dunlop and Hindustan Motors in terms of their unsympathetic management systems.
1. Traditional Practices of Corporate Governance in Japan 2. Quantitative Measures of Corporate Governance 3. Interviews with Executives of Japanese Multinational Companies 4. Management System and Organizational Culture Toyota’s Management of "Head-Office and Subsidiary Relationship" 5. Quantitative Method to Analyze Corporate Management and Culture 6. Quantitative Methods to Analyze Corporate Governance 7. Results of the Survey, Factor Analysis 8. Structural Equation Model for Japan: Relationship between Corporate Governance and Corporate Performance 9. Quantitative Analysis of Corporate Governance in the Subsidiaries of Toyota, Honda and Mitsubishi in Thailand 10. Conclusion
'Japanese management technique is normally ignored in the West but it is related to a critical analysis of Karl Marx presented in the 19th century. The main thesis is that if the managers do not consult the workers and do not recognize their human dignity, the workers get alienated and cannot perform. In the film Modern Times of Charlie Chapin, that problem was described in a funny way. In the Japanese management system, this issue was taken very seriously and one of the criteria of corporate efficiency is the satisfaction of the workers. This book has taken the task of the analysis of the Japanese management system and their success in the major Japanese automobile companies in terms of close relationship between the person and the organization in that management system.
This book has tried to explain the success of the major Japanese companies in terms of this humanitarian management system, where the workers are respected and appreciated rather than to be treated as disposable as it is in the Anglo-American profit-oriented management system.' — Alexis Lazaridis, Professor of Econometrics, Aristotle University of Thessaloniki, Greece