Advertisement

Journal of Business Ethics

, Volume 85, Issue 1, pp 1–12 | Cite as

Examination on Philosophy-Based Management of Contemporary Japanese Corporations: Philosophy, Value Orientation and Performance

  • Yingyan Wang
Article

Abstract

Despite the recognition of the importance of philosophy-based management in recent Japanese management practices, there has been little effort to systematically examine this topic from a normative view. With a sample of 152 electrical machinery companies, this study attempts to identify the underlying value orientations incorporated in the normative statement of corporate management philosophy and furthermore examines the complex relationships between corporate value orientations and various performance indexes. The article shows that although the adoption of a corporate management philosophy does not contribute to corporate financial performance directly, some value orientations might contribute to non-financial performance and long-term performance potentials. Especially, CSR environmental performance might be contributed by customer orientation and harmony; human resource management performance is associated with partner orientation and harmony; growth potential might be related with global orientation, entrepreneurship, and honesty. Furthermore, the negative relationship between increase of sales effort and CSR environmental performance also implies that it deserves careful consideration and attention for a company to balance the interests of various stakeholders.

Keywords

corporate management philosophy corporate value orientation corporate performance 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Aghazadeh S.-M.: 2004, Does Manufacturing Need to Make JIT Delivery Work. Management Research News 27(1), 27–42CrossRefGoogle Scholar
  2. Anwar S. A., M. N. Chaker: 2003, Globalisation of Corporate America and Its Implications for Management Styles in an Arabian Cultural Context. International Journal of Management 20(1), 43–55Google Scholar
  3. Aslanertik B. E.:2005, Model-Supported Supply Chains for Cost-Efficient Intelligent Enterprises, Journal of Manufacturing Technology Management 16(1), 75–86CrossRefGoogle Scholar
  4. Bendixen M., B. Burger: 1998, Cross-Cultural Management Philosophies, Journal of Business Research 42(2), 107–114CrossRefGoogle Scholar
  5. Chatman J. A.: 1989, Improving Interactional Organizational Research: A Model of Person-Organization Fit, Academy of Management Review 14(3), 333–349CrossRefGoogle Scholar
  6. Douglas T. J., L. D. Fredendall: 2004, Evaluating the Deming Management Model of Total Quality in Services, Decision Sciences 35(3), 393–422CrossRefGoogle Scholar
  7. Earley P. C.: 1994, Self or Group? Cultural Effects of Training on Self-Efficacy and Performance, Administrative Science Quarterly 39, 89–117CrossRefGoogle Scholar
  8. Ginn G. O.: 2006, Community Orientation, Strategic Flexibility, and Financial Performance in Hospitals, Journal of Healthcare Management 51(2), 111–121Google Scholar
  9. Grewal R., P. Tansuhaj: 2001, Building Organizational Capabilities for Managing Economic Crisis: The Role of Market Orientation and Strategic Flexibility, Journal of Marketing 65(2), 67–80CrossRefGoogle Scholar
  10. Halbesleben J. R. B.: 2004, Balance is the Key: A Conversation with J. Clifford Hudson, Journal of Applied Management and Entrepreneurships 9(3), 114–119Google Scholar
  11. Heames J. T., M. Harvey: 2006, The Evolution of the Concept of the ‹Executive’ from the 20th Century Manager to the 21st Century Global Leader, Journal of Leadership & Organizational Studies 13(2), 29–31CrossRefGoogle Scholar
  12. Kohli A. K., B. J. Jaworski: 1990, Market Orientation: The Construct, Research Propositions, and Managerial Implications, Journal of Marketing 54(April), 1–18CrossRefGoogle Scholar
  13. Kohtoh, I.: 2003, ‹In Seek of the Management Philosophy in a New World’, in What is Management Philosophy? (Bunshindo, Tokyo)Google Scholar
  14. Miyata Y.: 2003, Profit Crystallized Theory. Tokyo, Japan: Diamond (in Japanese)Google Scholar
  15. Miyata Y.: 2004, Management Concept and Originality. Tokyo, Japan: Diamond (in Japanese)Google Scholar
  16. Oliver B. L.: 1999, Comparing Corporate Managers’ Personal Values over Three Decades, 1967–1995, Journal of Business Ethics 20(2), 147–161CrossRefGoogle Scholar
  17. Picken S. D. B.: 1987, Values and Value Related Strategies in Japanese Corporate Culture, Journal of Business Ethics 6(2), 137–143CrossRefGoogle Scholar
  18. Polatoglu V. N.: 2006, Nazar Foods Company: Business Process Redesign Under Supply Chain Management Context, Journal of Cases on Information Technology 8(1), 49–62Google Scholar
  19. Rahman S., A. S. Sohal: 2002, A Review and Classification of Total Quality Management Research in Australia and an Agenda for Future Research, International Journal of Quality & Reliability Management 19(1), 46–66CrossRefGoogle Scholar
  20. Revere L., K. Black: 2003, Integrating Six Sigma with Total Quality Management: A Case Example for Measuring Medication Errors, Journal of Healthcare Management 48(6), 377–391Google Scholar
  21. Singhapakdi A., S. J. Vitell: 1993, Personal and Professional Values Underlying the Ethical Judgments of Marketers, Journal of Business Ethics 12(7), 525–533CrossRefGoogle Scholar
  22. Somers M. J.: 2001, Ethical Codes of Conduct and Organizational Context: A Study of the Relationship Between Codes of Conduct, Employee Behavior and Organizational Values, Journal of Business Ethics 30(2), 185–195CrossRefGoogle Scholar
  23. Tsuru K.: 2001, Bank Relationships and Firm Performance: Evidence from Selected Japanese Firms in the Electrical Machinery Industry. Research Institute of Economy, Trade and Industry, JapanGoogle Scholar
  24. Vandenberghe C., J. M. Peiro: 1999, Organizational and Individual Values: Their Main and Combined Effects on Work Attitudes and Perceptions, European Journal of Work and Organizational Psychology 8(4), 569–581CrossRefGoogle Scholar
  25. Yoshida K.: 1989, Deming Management Philosophy: Does It Work in the US as well as in Japan? Columbia Journal of World Business 24(3), 10–17Google Scholar
  26. Zott C., Q. N. Huy: 2007, How Entrepreneurs Use Symbolic Management to Acquire Resources, Administrative Science Quarterly 52(1), 70–105CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media B.V. 2008

Authors and Affiliations

  1. 1.Graduate School of ManagementKyoto UniversityKyotoJapan

Personalised recommendations