Japanese Business Market

1304 Words3 Pages
bulb-icon

Recommended: Japanese economy

Introduction

External influences affect the types of products developed, the nature of positioning and market segmentation strategies, the type of services offered and the choice of business to acquire. The increasing complexity of business today is evidenced by more countries developing the capacity and will to compete aggressively in world markets. The external influences that affects a business venture in the global market varies from country to country. Establishing a new business venture in an area such as Japan would require an analysis of its cultural and economic environment. The Japanese market is considered to be the world’s most lucrative market. The biggest problem is how to get into it. Japan is known throughout the world for its economic successes, yet Japanese society remains an enigma to many outside its borders. The analysis conducted in this paper will present the positive and negative aspects of opening a in the Japanese market.

Brief History

Japan, an island country is a series of Eastern Asia island chain between the North Pacific Ocean and the Sea of Japan, east of the Korean Peninsula. It is slightly smaller than the state of California. With a population estimated at 127 (July 2004), Japan is three times more densely populated than Europe as a whole and twelve times more densely populated than the United States. 2 While retaining its time-honored culture, Japan rapidly absorbed Western technology during the late 19th and early 20th centuries. After its defeat in World War II, Japan recovered to become an economic power and a staunch ally of the US. While the emperor retains his throne as a symbol of national unity, actual power rests in networks of powerful politicians, bureaucrats...

... middle of paper ...

...countries can create financial problems for a new business owner in the global market. Dealing with two or more monetary systems can also complicate international business operations.

Bibliography

1. Daniels, John D, and Radebaugh, Lee H., and Sullivan, Daniel P., International Business: Environment and Operations (Upper Saddle River, NJ: Prentice Hall, 2004)

2. Sherwood, Sonia (2004, July) Spotlight On Japan, Entrepreneur. Retrieved September 28, 2005 from http://countrystudies.us/japan/

3. Facts About Japan, The CIA World Factbook Retrieved, September 28, 2005 from http://worldfacts.us/Japan.html

4. Spotlight on Japan, The Discriminating Consumer, Retrieved September 28, 2005 from www.entrepreneur.com/mag/articles/japan

5. David, Fred R., Strategic Management: The External Assessment (Upper Saddle River, NJ: Pearson Prentice Hall, 2005)

.

Show More
Related

  • Brewing Change at Breckenridge Brewery

    1661 Words  | 4 Pages

    2.     Thompson and Strickland (2002), Strategic Management: Concepts and Cases, 13th Edition, Chicago Irwin Publications.

    Read More

  • Comparing Britain To Japan

    1099 Words  | 3 Pages

    In 1900 Britain was in many respects the world’s leading nation, enjoying a large share of world trade, a dominant position in the international money market, and possessing a far flung empire supported by the world’s most powerful navy. Japan was a complete contrast, sharing with Britain only the fact that it too was a nation of islands lying off the shore of a major continent. Until the 1860s it had possessed a social and economic structure more akin to that of feudal, rather than twentieth century, Europe. By the 1990s, the positions were almost reversed. This paper sets out to examine the contrasting democratic political systems of the two nations and to explore the social and democratic consequences of the changes that have occurred.

    Read More

  • Japan Business Customs vs. US Business Customs

    1044 Words  | 3 Pages

    With globalization in full force nowadays, it is crucial for a businessperson working in the international setting to understand how business practices vary in different countries. Showing the understanding of other cultures and showing an effort to adapt to their business customs can make or break any negotiation. In order to ensure success during meetings and presentations, this short guide will outline the main aspects and differences between the United States’ and Japanese business practices with regards to the business attire, meetings and negotiations, salaries and benefits and finally the popular careers in Japan.

    Read More

  • Innocent Smoothies Are Coming to Japan

    2912 Words  | 6 Pages

    However, entering into a market as different as Japan is not without its risks, and must be ensured to be successful, with the help of market research, marketing, and operational theories, lest the new venture become a very costly mistake. Target Consumer Market When moving to a market with a consumer culture so different from the home market, a company must be careful to analyse its target audience in detail, to avoid costly cultural faux pas. To get a good feel for the Japanese culture, a good place to start would be the experts in the cultural studies field. Hofstede’s cultural dimensions, created during his in-depth GLOBE study of the cultures of the world, gives a good comparison between the priority differences between Japanese and English culture. A detailed analysis of the cultural differences will be given in the ‘Marketing Issues’ section of the report.

    Read More

  • Case Study: Panera Bread Company

    1276 Words  | 3 Pages

    Fast Company,(139), 69-70,73,16. Retrieved from Research Library. Document ID: 1870795761. Wheelen, Thomas L. & Hunger, J. David, (2010). Strategic management and business policy.

    Read More

  • Louis Vuitton in Japan

    1540 Words  | 4 Pages

    Hill, C., Wee, C. and Udayasankar, K. 2012.International Business:An Asian Perspective. 8th ed. Singapore: McGraw-Hill.

    Read More

  • AVON and Globalization

    1090 Words  | 3 Pages

    Daniels, John (2010). International Business: Enviroments and Operations 13e. pg 620-625. New Jersey. Pearson Education Inc.

    Read More

  • External Environment Of Japanese Business

    1693 Words  | 4 Pages

    During the 1990s, Japan has been exposed to one of the most difficult structural transition periods in its post-war history, in terms of social and economic conditions. There have been two major changes: one is a substantial decline in economic growth in real terms, and the other is a changing social structure characterized by the declining birth rate and the ageing population. Under the pressure of changes in the economic environment caused by globalization and innovations in information technology, Japanese business corporations are forced to adapt to the new situation. While companies faced with fierce international competition, it became more critical to understand the basic knowledge of complicated legal, cultural, economic, and social issues. Engaging in international trade also requires attention to international regulations, international business planning, international market research, funding, distribution and other areas that must be considered separately from domestic business issues. The paper suggests some of the basic tools that can apply to solve the problem or to bring the business opportunity to fruition in today's Japanese business environment

    Read More

  • Japanese Society and Culture

    1353 Words  | 3 Pages

    Many of us, if not everyone, has heard of the country of Japan through various means. Possibly through popular films such as Godzilla or the renowned horror films which the country produces. Perhaps through the various anime TV shows that have been dubbed in English creating a massive fan base here in the United States, or the massive franchise Nintendo that has filled our child memories with countless hours spent in front of a screen playing Mario or Pokémon. One way or another the Japanese have shared their culture with a huge audience but thats only scratching the surface of the Japanese culture. The country of Japan wasn’t always the islands that we see there today, the formation of the islands occurred during 50,000 BC and ended in 10,000 BC following the end of the last ice age. This is when we find the first signs of civilization in Japan but they are nowhere near the modern day Japanese culture today. The early beginnings of today’s Japanese culture dates back to the year 538 AC with multiple time periods slowly building up to today. The Japanese culture of today shares a few aspects with our American culture we are familiar with, both cultures love baseball, we both have representative democracies as a form of government, and both cultures do not label outsiders differently and accept them just as equally. Even though we may share aspects of our culture with the Japanese our cultures couldn’t be anymore different from each other.

    Read More

  • Top Competitors in The Personal Computer Industry

    1477 Words  | 3 Pages

    Pearce, J. A., & Robinson, R. B. (2013). Strategic management: planning for domestic & global competition (13th ed.). New York: McGraw-Hill/Irwin.

    Read More

  • Japan and Japanese Culture

    1178 Words  | 3 Pages

    Japan is a large island off to the east of China it is a great country that has a rich culture. The Japanese religion is based off of two main beliefs, the belief in Shinto and Buddhism many Japanese people believe consider themselves both. The Japanese people were known to be around as early as 4,500 B.C. They have constructed their government style to a constitutional monarchy where they do in fact have an emperor, but he has limited power within the country. The main power of the country is held by the Prime Minister of Japan. Japan is made up of many islands that extend along the Pacific coast of Asia. The land area is made up of a lot of forest and mountainous area that cannot be used for agricultural, industrial or residential use. Japan also has one of the largest and growing economies in the world. They are growing every day and it is all because the people of Japan work very hard in order for their economy to flourish as it has.

    Read More

  • Dell's Competitive Strategy

    2470 Words  | 5 Pages

    15. Hill, Charles W.L. International Business: Competing in the Global Marketplace. New York : McGraw-Hill, 2007.

    Read More

  • Ford Motor Company

    1840 Words  | 4 Pages

    Hitt, M., Ireland, and Hoskisson, R. (2009).Strategic management: Competitive and Globalization, Concepts and Cases. In M.Staudt & Stranz (Ed).

    Read More

  • Burger King Marketing Analysis

    1062 Words  | 3 Pages

    Daniels, J. D., Radebaugh, L. H., and Sullivan, D. P., (2011). International Business: Environments and Operations. Prentice Hall, Upper Saddle River, New Jersey.

    Read More

  • Globalization and Technology

    1460 Words  | 3 Pages

    Stonehouse, G., Campbell, D., Hamill, J. & Purdie, T. (2004). Global and Transnational Business (2nd ed.). Chichester: John Wiley & Sons.

    Read More

More about Japanese Business Market

Open Document