Growth through Competition, Competition

This book examines two factors which are at the heart of Japanese management - the pursuit of growth and the intensive competition within and between Japanese firms. The author looks at how they interact and how they affect economic efficiency, stability, and dynamism. He avoids popular cultural/sociological explanations and applies economic principles to understanding the Japanese firm. This book examines two central aspects of Japanese management - growth pursuit by internal investment (as opposed to acquisition), and intensive competition within and between Japanese firms. It also looks at how Japanese firms maintain efficiency and flexibility under the apparently rigid system of 'lifetime' employment. The author begins by enquiring in to the financial and human aspects of the firm with a particular emphasis placed on the human side. T he motivation, behaviour, and organization of Japanese management are discussed and the consequences of Japan's management system on its industrial organization and macroeconomy are examined. Throughout the book, it is emphasized that competition is at the heart of the Japanese economy and management to the same, if not to a greater degreee than in the West. This competition is enhanced by the growth preference of Japanese management, and competition in turn makes growth feasible.