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Essay

Japanese Keiretsu

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Issue:

Business

 

Written by:

Carolyn M

 

Date added:

March 30, 2015

 

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No of pages / words:

8 / 2071

 

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8028 times

 

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Essay content:

Finally I will explain the change in this system. Why it is changing and how this is changing. History and founding of the Keiretsu The keiretsu were founded after World War 2, after the American occupational authorities have made the Zaibatsu, holding companies illegal in 1946. By doing so they wanted to enforce their type of democracy and economic system into Japan...
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By doing so they wanted to enforce their type of democracy and economic system into Japan. They believed that by doing so they would spread the concentration of wealth and economic power. Shares of companies owned by the holding companies ( Zaibatsu) were given to employees and locals. But because the smaller companies within the former Zaibatsu had often no own financial department and lacked the knowledge of how to operate individually, they banded together by means of cross shareholding...
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