The Japanese Phenomenon Without Stereotypes, and What We Can Learn From It (Part II)

Abstract

Entrepreneurship as used here refers to the capacity for innovation, investment, and development of new marekts, products, and techniques. Using this definition, the Japanese have emerged as the world’s foremost entrepreneurs in the last twenty years. It is entrepreneurship that makes investment efficiency ratios high and leads to growth. Americans invented the transistor and most of the associated devices; but the Japanese, through an astute combination of capital investment and entrepreneurship, produced the electronic devices that contributed to their economic growth. They have learned what European and American managers practiced during and since the industrial revolution to the mid‐20th century.

Citation

Lee, J.A. (1986), "The Japanese Phenomenon Without Stereotypes, and What We Can Learn From It (Part II)", American Journal of Business, Vol. 1 No. 2, pp. 19-28. https://doi.org/10.1108/19355181198600010