Value Based Management Of The Rising Sun Japan

This book investigates how different types of Japanese management systems are able to motivate stakeholders, including employees, top management, stockholders, customers and transaction partners, to participate actively in the organizational behavior that improves business performance.The various systems motivating stakeholders are examined in five sections: Strategy and Business Restructuring for Enhancing the Business Value; Management Control Systems and Budgeting; Cost Management; Management Accounting for Supply Chain and Shared Services; and Process Management.

Pt. 1. Accounting information for group management and management control system. Management accounting information for consolidated group management / Kazuki Hamada. Management control system of Japanese pure holding companies / Makoto Tomo, Makoto Yori and Takayuki Asada -- pt. 2. M & A including MBO and outsourcing for group reformation. Influence of M & A on financial performance : measuring the performance of M & A from sustainability of utility / Kozo Suzuki. Management buyout of a Japanese business group / Naoyuki Kaneda. Managerial significance of strategic outsourcing / Shunzo Matsuoka. Acquisition price as an incentive price of M & A / Yasuhiro Monden -- pt. 3. Analysis of accounting information for consolidated and business group and segmental business units. Consolidated accounting information for business group management / Manabu Takano. Business evaluation of a company group in Japan : A case study of segment reporting by Panasonic Electric Works / Shufuku Hiraoka -- pt. 4. Management of inter-firm relations. How can management accounting achieve goal congruence among supply chain partners? / Yoshiteru Minagawa. How to maintain the bargaining position defined in Toyota's dealership control / Hiroshi Ozawa. Royalties and profit sharing : Focusing on Seven-Eleven Japan Co., Ltd. / Noriko Hoshi. Factors influencing control mechanisms in joint ventures : Evidence from Japanese manufacturing industries / Yuichi Kubota. Does inter-firm cooperation contribute to the performance of Japanese firms? Concept of incentive price for motivating inter-firm cooperation / Yasuhiro Monden -- pt. 5. Inter-organizational learning and autonomous organizations. Management of population-level learning and inter-organizational relations in Japan / Hiroki Kondo. Management control system in an empowered organization / Katsuhiro Ito

1. Accounting problems encountered in M&As / Yasuyoshi Kurokawa -- 2. A study of goodwill and intangible fixed asset on business combination : pharmaceutical companies in Japan / Yujiro Okura -- 3. The method of payment in takeovers and earnings management / Kunimaru Takahashi -- 4. Income smoothing and the just-in-time system in the Japanese automobile industry / Michio Kunimura -- 5. M&A and its incentive system for the inter-firm organization / Yasuhiro Monden -- 6. The impact of market inefficiency on TOB in Japan / Tatsushi Yamamoto -- 7. A survey of public-to-private buy-out transactions in Japan / Keiichi Sugiura -- 8. Do M&As in Japan increase shareholder value? / Kotaro Inoue.

This book focuses on various business practices to manage ailing companies during economic depression or in the aftermath of man-made and natural disasters. The methods implemented by various Japanese enterprises, such as Japan Air Line, Tokyo Electricity Company, Nissan and Toyota, to overcome their challenges are elaborated in this book. The scope of the book covers: restructuring under government financial support; private turnaround management of huge conglomerates; reorganization of business domains; accounting for risk management, and robust supply chain management in the aftermath of disasters.

With the service industry taking up the largest portion of its GDP, Japan has much to share in the area of managing service industry. This book explores and elucidates the unique management styles in non-manufacturing industries or service industries in contemporary Japan, both practically and theoretically through case studies. These specially selected cases are the management of the world No.1 convenience store chain of Seven-Eleven, the sales finance business and auto sales business of Toyota, application of TPS (Toyota Production System) to life insurance company, performance evaluation of local government, BSC (balance scorecard) in local government hospitals, cost and pricing policy of telecommunication company, Japanese-style OC hospitalityOCO in the retail industry, service level agreement (SLA) in IT and shared service companies, and ICT (Information & Communication Technology) applied to BPN (Business Process Network) of service industry.The analyses presented in this book were carefully laid out in regard to the business in general. It will be useful for business practitioners in service industry and beneficial to the scholars, students or general readers interested in this area.

A bestseller for almost three decades, Toyota Production System: An Integrated Approach to Just-In-Time supplies in-depth coverage of Toyota's production practices, including theoretical underpinnings and methods for implementation. Exploring the latest developments in the Toyota Production System (TPS) framework at Toyota, this new edition updates the classic with new material on e-kanban, mini-profit centers, computer-based information systems, and innovative solutions to common obstacles in TPS implementation. Yasuhiro Monden, instrumental in introducing the JIT production system to the United States, explains the logic and methodologies of the TPS. Extending the humanized aspect of production introduced in the third edition, Toyota Production System: An Integrated Approach to Just-In-Time, Fourth Edition explains how to cultivate the culture and way of thinking needed to establish the TPS holistically across your organization. Exploring the link between kaizen methods and calculation methods in TPS, this edition includes new chapters on: The goal of TPS One-piece production in practice Kaizen costing Material handling in an assembly plant Smoothing kanban collection Determination of the number of kanban New developments in e-kanban Cultivating the spontaneous kaizen mind Following in the footsteps of its bestselling predecessors, the fourth edition provides easy-to-follow guidance for implementing the TPS in your organization. It explains how Toyota has adapted and reacted to recent fluctuations in demand, quality problems, and recalls. It also includes an appendix that considers the recent tsunami in Japan and investigates how to reinforce the JIT system to ensure supply chain flow during sudden stoppages at individual locations within the chain.

Traditionally, innovation has been considered difficult to manage, as it occurs through contingent discoveries and inventions. For effective innovation management, it is necessary to determine what provides new value to customers and achieve this new value efficiently, while solving the technical problems. This book explores how innovation management for industrial revitalization and activation are conducted in Japanese companies. 'Innovation' has diverse definitions, but the editors of this book have adopted the one proposed by J A Schumpeter. The features of innovation management in Japanese companies are considered systematically in the book. Positive analyses using questionnaires and innovation management strategy in individual industries and companies is also explored in detail.