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Revolutionizing Japanese Corporate Governance

In: Asian Post-crisis Management

Author

Listed:
  • Caroline Benton
  • Yoshiya Teramoto

Abstract

A corporation’s governance model is deeply entwined with its business model. In a business where cost and efficiency are of paramount importance, a corporate governance model that tightly coordinates, controls and audits operations is necessary, whereas in a business where knowledge and new value are core, a governance model that accentuates networking among business partners and customers is key. Accordingly, as evident in the revolution in Japanese business and management practices occurring in the last decade, both models are mutually influential and co-evolve with changes in a corporation’s internal and external environments (see Figure 14.1).

Suggested Citation

  • Caroline Benton & Yoshiya Teramoto, 2002. "Revolutionizing Japanese Corporate Governance," Palgrave Macmillan Books, in: Usha C. V. Haley & Frank-Jürgen Richter (ed.), Asian Post-crisis Management, chapter 14, pages 281-298, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59583-5_14
    DOI: 10.1057/9780230595835_14
    as

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