By Fiona Graham
Eastern white-collar employees were characterized by means of their severe loyalty and life-long dedication to their businesses. This e-book relies on very large ethnographic examine inside of a jap assurance corporation throughout the interval whilst the corporate was once dealing with a big main issue which resulted in the company's financial disaster and cave in. It examines the attitudes of jap staff in the direction of their paintings, their corporation and similar concerns at a time whilst the status quo and demonstrated attitudes have been lower than probability. the big variety and element of the reporting of staff' attitudes, usually of their personal phrases, sustained over a substantial timescale, makes this research a very invaluable source.
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Extra resources for A Japanese Company in Crisis: Ideology, Strategy, and Narrative (Contemporary Japan)
Thus, there is an emphasis on the group even when choosing whom to fire, although, as we shall see, avoidance of responsibility by the bosses during the firing was also a factor. Paradoxically, of course, the fact that all the able people were laid off while those without the skills necessary to find a new job were retained could hardly help the already ailing company’s performance. Officially, the restructuring is not an order, but in reality the employees have little choice. This is why M makes such paradoxical comments as: ‘They have ordered me to request resignation’.
You would have the domino effect, systematic collapse, across a whole range of banks, and even banks that were not shaky would fail because depositors would be asking for their money back so the authorities are well aware that they have to prevent that kind of US 1929 crash scenario. It’s not a risk in the life insurance industry because 42 THE CURRENT SITUATION the policy-holders can’t get their money out. I’d say it is a very cynical approach. It has nothing to do with fairness, it has nothing to do with contractual obligations about what people were led to believe, or whose fault it was.
H: Japan is basically not a very democratic economy. Finance is strictly controlled by the Ministry of Finance—it is a socialist economy. A foreign analyst remarked: Governments are spectacularly bad at deciding what are good and profitable things for capital to do because their concerns are different. Their concerns are usually with being re-elected. And being elected and allocating capital in the most efficient ways are, in my opinion, incompatible. The best thing the government can do is get out of the way.