Management Research paper Essay Example | Topics and Well Written Essays - 1250 words

Management Research paper - Essay Example The aim of this system and policy was to wade off any interests of Western Conquerors. Some of the modern economic practices developed during the reign of Meiji. It is important to remember that during the Meiji period, the Japanese economy was still in shambles, finishing the remnants of feudalism having endured centuries of closure to foreign investors both directly and indirectly. This system was responsible for the slow technological development in the country. This was because the approach emphasized on building domestic imitation and innovations on Western goods. This system worked at the expense of importing products (McMillan, 1996, 71). The spirit of Meiji era captured the entire philosophy thus Japanese spirit, Western technology. Elements of the spirit and the Japanese culture over flowed to the twentieth century where the autonomy of the economy was evident both at micro and at macroeconomic levels. The ambition was to preserve the traditional character. The national econ omy has a long history of putting measures that restrict the process of bringing imports into Japan both directly and indirectly by investors. This has led to concomitant trade excesses in Japan for many years. This culture trickles down to the where large and complex families own and run most companies interdependently centered on their banking industries. The banks include Hitachi, Sumitomo, and Mitsubishi among many more. Economists agree that theoretically, the business organizations manage import components, raw materials, as well as capital from abroad through their affiliated organizations. Analysis The Japanese management techniques or the Japanese management style refers to a group of Japanese cultural ways of working as well as managerial behaviors after the World War II. Most of these management aspects wee responsible for driving the Japanese economy to the status as one of the world economic superpowers. The economy of Japan is the second largest in world second to that of the United States of America. The management techniques are also behind the growth of Japanese business especially the manufacturing sector. This sector is the most competitive in the world when compared to other manufacturing sectors. However, through the nineteen nineties, Japan struggled through economic hardships and recession leading to some experts in economic matters to question the ability of the traditional Japanese management styles to sustain the economy. The Japanese management technique concentrates on the need to for the information to move from bottom of the company or institution to the top. It is the bottom up approach for flow of information. This process leads to the senior management taking over supervisory roles as opposed to the hands-on system of management. The management style originates in the mid-level of the institution or company then moves upwards to the higher level for approval and ratification. The greatest advantage for this system of management is that the teams tasked with the responsibility of implementing a management policy are involved in the process of developing the same. The rise of a Japanese manager in the management ranks in the company of institution makes him or her more responsible, seems unassuming, as well as unambitious. Evaluation of effective leadership in the Japanese mana