Do Japanese companies have a competitive strategy?

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European Business Review

ISSN: 0955-534X

Online from: 1989

Subject Area: Accounting and Finance

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Document Information:
Title:	Do Japanese companies have a competitive strategy?
Author(s):	Panos Mourdoukoutas, (Professor of Economics at Long Island University, Brookville, NY, USA), Stratos Papadimitriou, (Stratos Papadimitriou is Managing Director of the Athens Transportation Authority, Athens, Greece)
Citation:	Panos Mourdoukoutas, Stratos Papadimitriou, (1998) "Do Japanese companies have a competitive strategy?", European Business Review, Vol. 98 Iss: 4, pp.227 - 234
Keywords:	Companies, Japan
Article type:	General review
DOI:	10.1108/09555349810221853 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	Responding to Michael Porter’s claim that “Japanese companies rarely have a strategy”, this paper argues that the competitive advantage of Japanese enterprises is not to be found in traditional practices. Rather, it is due to the way these practices are upgraded and reinforced by ideological factors such as the “community of fate”, as well as the formation of governance structures that cultivate the development of contextual knowledge that leads to the efficient and effective production of complex products.