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Fixing What Really Ails Japan

By: Michael E. Porter and Hirotaka Takeuchi
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Abstract

Conventional wisdom claims that Japan’s “economic miracle” stemmed from its unique model of government guidance and its revolutionary corporate management techniques. An in-depth study proves this seriously wrong. Rampant government intervention has caused more business failures than successes, and a fundamental cautiousness has led Japanese companies to ignore strategic thinking and shun risk. To pull out of its current slump, Japan must embrace competition, innovation, and bold leadership.

Keywords

Leadership; Competition; Innovation and Invention; Business and Government Relations; Japan

Citation

Porter, Michael E., and Hirotaka Takeuchi. "Fixing What Really Ails Japan." Foreign Affairs 78, no. 3 (May–June 1999): 66–81.

About The Authors

Michael E. Porter

Strategy
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Hirotaka Takeuchi

Strategy
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