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yanpa wrote:Japanese companies should globalise in Japan! Only Japanese people can understand the true spirit of 国内グローバル化!
Samurai_Jerk wrote:... less talented foreigners ... (...) ... overlooking more talented locals...
Coligny wrote:Samurai_Jerk wrote:... less talented foreigners ... (...) ... overlooking more talented locals...
In a mom and pop shop, maybe...
In a company this size...
Coligny wrote:Sorry, mah bad, I was thinking talent as in corporate usefulness, with Nissan rescue by the Renault group in mind.
Not like Japanese talent dog and pony show...
Samurai_Jerk wrote:An argument that Takeda was hiring less talented foreigners just for the sake of internationalization while overlooking more talented locals might have some legitimacy.
Wage Slave wrote:Is it about raw talent or is it more about the fact that if the company is 100% Japanese it risks becoming dangerously out of touch with the rest of the world. If the rest of the world is a big chunk of your market and a big chunk of your manufacturing and a big chunk of the R&D that matters in your industry then insisting on being 100% Japanese would seem a very limiting strategy.
Wage Slave wrote:To my inexpert eyes the two biggest problems some major Japanese companies have are:
1. Being out of touch with developments and consumer demand elsewhere - often these same developments reach these shores leaving Japanese companies scrambling to catch up in Japan, never mind out in the world.
2. A dated corporate culture that is relatively inefficient in terms of staff count and one that stifles innovation and initiative.
Taro Toporific wrote:
Shareholders attack Takeda for hiring foreign executives
The Financial Times / June 20, 2014
A push by Japan’s biggest drugmaker to globalise has come under attack by more than 100 former executives and shareholders, casting a cloud over broader efforts by the country’s top companies to internationalise.
In a letter to Takeda Pharmaceutical, 110 former executives and individual investors questioned the company’s appointment of non-Japanese to several senior positions.
“The company’s globalisation is a wrong globalisation. It should be globalised as a Japanese company. However, from the top to the bottom ,there are hundreds of non-Japanese working in the company in Japan,” said Yujiro Hara, a former head of Takeda’s real estate subsidiary who represents the group.
More...
wagyl wrote:The way I read the extract from the article, the claim about the "wrong kind of internationalisation" seems as though it might be directed at the repeated hiring of outsiders to fill management roles, while ignoring the talent (including existing foreigner talent) they already have within the organisation. I have seen this situation first hand (without the nationality element), where a company gets into the habit of hiring from outside, and not allowing experienced and able existing employees to rise up the ranks. This wasteful lack of nurturing very quickly turns into a morale problem. Furthermore, in hiring the sort of people who are happy to change horses midstream for career reasons, they end up with the management ranks full of people who are happy to change horses midstream for career reasons.
IparryU wrote:what really irks me about your post Taro... you put little info then link to site that requires membership...
Taro Toporific wrote:Llike any Japanese company foreigners ruin all the fun. Takeda Pharmaceutical’s management like any good Japanese company spends all their profits in drinking and whoring parties and well as hiring from their alma mater their conies and massive “sales forces” that sell less than their wages. At least foreign management stops all that nonsense.
Notice that "Yujiro Hara, a former head of Takeda’s real estate" is one of those conies who did not provide any value to Takeda since the drug company has no fucking logical reason to have a real estate subsidiary, sheesh.
Taro Toporific wrote:Llike any Japanese company foreigners ruin all the fun. Takeda Pharmaceutical’s management like any good Japanese company spends all their profits in drinking and whoring parties ... At least foreign management stops all that nonsense.
inflames wrote:Profits were falling (they were actually less than the dividend) and ...
Taro Toporific wrote:IparryU wrote:what really irks me about your post Taro... you put little info then link to site that requires membership...
She-e-e-it----Sorry but that link to FT.com site that requires membership is just a sad requirement of "Fair Use" requirements. That is, technically it is quite illegal to post the entire article to FT.com.
Actually, the Great Tentacled One and his minions (like me) are supposed to spank anyone who posts more than 25% of a copyrighted artical on the FG.
Coligny wrote:inflames wrote:Profits were falling (they were actually less than the dividend) and ...
Is that even possible or legal ?
(I do sux at capitalism, but still trying to catch up)
wagyl wrote:Coligny wrote:inflames wrote:Profits were falling (they were actually less than the dividend) and ...
Is that even possible or legal ?
(I do sux at capitalism, but still trying to catch up)
Potentially there were cash reserves from previous years. I know absolutely nothing about the specifics here though.
Russell wrote:wagyl wrote:Coligny wrote:inflames wrote:Profits were falling (they were actually less than the dividend) and ...
Is that even possible or legal ?
(I do sux at capitalism, but still trying to catch up)
Potentially there were cash reserves from previous years. I know absolutely nothing about the specifics here though.
Or did they take out a loan?
Coligny wrote:, i can guess they didn't print the money themselves.
But traditionnally, selling company assets (land, IP, share) register as profit. While uing bank accounts from previous years of activity sounds borderline on firesale.
Coligny wrote:inflames wrote:Profits were falling (they were actually less than the dividend) and ...
Is that even possible or legal ?
(I do sux at capitalism, but still trying to catch up)
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