Abstract
Japan has faced two major challenges during the past fifteen years. The first challenge has been to find new sources of competitive advantage, replacing its traditional strength in high-quality, low-cost production systems. Several of the existing manufacturing industries have established a dominant presence in global competitive markets, making a major contribution to the prosperity of Japan’s economy with great strength in low inventory cost and low defect rates. Representative examples of such industries include shipbuilding, automobile assembly, home electric appliances, and audiovisual devices. However, since the late 1980s, these industries have received severe competitive pressures from East Asia and particularly China, with the improved quality of low-cost manpower in labour-intensive industries. The emergence of this new economic order poses an urgent and crucial concern for Japanese society to find new additional sources of competitive advantage.
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© 2011 Nobuyuki Harada and Hitoshi Mitsuhashi
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Harada, N., Mitsuhashi, H. (2011). Academic Spin-offs in Japan: Institutional Revolution and Early Outcomes. In: Usui, C. (eds) Comparative Entrepreneurship Initiatives. Palgrave Macmillan Asian Business Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230314368_6
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DOI: https://doi.org/10.1057/9780230314368_6
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