MULT-UB 11 Lecture Notes - Lecture 6: Zaibatsu, Iceberg, Oligopoly
12 Feb 2020
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Document Summary
Culture: a dominant symbolic meaning system (e. g. worldview) sustained and transmitted over generation by members of a given society, which then shape the member"s psychological processes. Objectives visible, or explicitly culture: what we see/observe, food, language, art, dress, etc. These include attitudes toward everyday life and social customs and morals: greetings: shaking hands, kissing, bowing. Asian countries have important commonalities and many business leaders in the region speak of an asian way of doing business i. e. focus on face, close relationships. However, big differences exist among these states that may be greater than their shared aspects i. e. importance of firm vs. personal ties. Wa means group harmony (or absence of conflict: signifies the central role of groups in japanese work and culture. Similarly, ties among firms and individuals are very important and once established broken only reluctantly. Japanese companies usually work closely with small sets of highly trusted partners and suppliers.
