Growing World of Sony

Essay specific features

 

Issue:

Business

 

Written by:

Anonymous

 

Date added:

November 11, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

5 / 1324

 

Was viewed:

1598 times

 

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Essay content:

The keiretsu, which means "order" or "system," is a unique form of business that links companies together in industrial groups that provide Japanese business with a substantial competitive edge over non-keiretsu organizations. Keiretsus are collections of dozens of major companies spanning several industries and held together by cross-shareholding, old-boy networks, interlocking directorates, long-term business relationships, and social and historical links...
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There are six major Japanese industrial keiretsu groups and eleven lesser ones. Together, the sales in these groups are responsible for about 25 percent of the activities of all Japan, and keiretsus account for 78 percent of the value of all shares on the Tokyo Stock Exchange. Japan's industry, which is the most important sector of the economy, is heavily dependent on imported raw materials and fuels...
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