The Corporate ‘Miracle’

  • William R. Nester


Japan’s corporate world seems to have achieved a productivity and managerial ‘miracle’ as profound as ‘miracles’ affecting Japan’s political and economic development, and an increasing flood of books, articles, and television shows annually appears attempting to analyze the ‘Japanese challenge’ of this ‘corporate miracle’. Most of these reports conclude that American and other foreign firms must either adapt the ‘Japanese corporate model’ or face a continual decline. What is the Japanese corporate model? Is its emergence a miracle as many argue? And regardless of whether it is a miracle or not, how does Japan’s obvious corporate vitality relate to this rather ominous sounding threat called the Japanese challenge?


Foreign Firm Japanese Firm Volatile Stock Market Japanese Worker Labor Reform 
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  1. 26.
    M. Y. Yoshino, Japan’s Multinational Enterprises, Cambridge, Massachusetts, Harvard University Press, 1976, pp. 167.CrossRefGoogle Scholar
  2. 27.
    Koji Taira, ‘Colonialism in Foreign Subsidiaries: The Lesson from Thailand’, Asian Survey, vol. 20, no. 4, April 1980, p. 390.CrossRefGoogle Scholar

Copyright information

© William R. Nester 1990

Authors and Affiliations

  • William R. Nester
    • 1
  1. 1.School of Oriental and African StudiesUniversity of LondonUK

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