Health care, training -health care: incentives systems by the state are in place -training: very microscopic vocational training C) assembly line System Structures and Relations i) Governance Structures Cross-holdings and Bank Ownership -crossholding: we all own shares of each(prenominal) other, insulating us from the stock foodstuffs -in 1990, 70% -traditional (10-15 years ago) Insider Boards -boards of directors made up of people who work for the firm -traditional (10-15 years ago) Co-law reforms intended to: -increase stock market financing -increase number of external directors on boards -transparency in terms of financial performance of the firm Result: -some increase in away(p)rs (other people indoors the network of firms( cross-holding partners) -some decline in bank equity holdings -but little overall change, setting up for friendly takeovers if there is an outside threat for takeover ii) Business Relations Main Bank system -long term relations with a single bank Long-term supplier relations -relational, not signature market trading -close ties between firms( transfer of knowledge, expertise and personnel -emphasis based on trust and mutual obligation -verbal contracts -if you violate this, or seen as rascally or deceitful, people will not deal with you lengthened subcontracting networks -extensive supply chains within the Japanese economy -combining the above 3 elements = KIRETSU -Kiretsu: clusters or families of firms -horizontal: supply chains -vertical: centred around bank D) Public Values Stability and tenaciousness in IR -consensus and coop -70% of non-union workers said unions are necessary IV. IR/HR Institutions A) Labour Organizations i) Nature and Goals Enterprise-based unions -white... If you want to get a full essay, grade it on our website: Orderessay
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