Control and Coordination of Subsidiaries in Japanese Corporate Groups

Control and Coordination of Subsidiaries in Japanese Corporate Groups

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This book attempts to bridge academic knowledge and practitioner's knowledge regarding the control and coordination of subsidiaries in Japan. It specifically explores two questions: why do corporations establish subsidiaries and form corporate groups? How do corporate groups manage their subsidiaries? Based on the case studies presented in the book, the author identifies four different types of parent-subsidiary relationships and uses this typology to understand control and coordination issues within Japanese organizations. The chapters in the book are designed to cover many characteristics of large Japanese corporate groups. Chapter 2 gives the definition of corporate group in Japan and distinguishes it from the keiretsu business group, while Chapter 3 provides a backdrop and context for understanding the corporate landscape in which Japanese firms today operate. Chapters 4 and 5 provide a literature review on some of the major literatures that are related to the research questions concerning why corporate groups exist and how they are managed. Chapter 6 attempts to bridge academic knowledge with practitioners knowledge by looking at five corporate groups: Hitachi, Panasonic, Mitsubishi Heavy Industry, Nihon Yusen and Japan Airlines, and by identifying areas where practitioner's knowledge could be used to expand existing theories. Chapter 7 proposes a four-part classification of subsidiaries to facilitate the discussion of different issues that arise under different parenta€“subsidiary settings. Chapter 8 attempts to illustrate a simplistic roadmap for creating successful subsidiary management, while Chapter 9 concludes the book. Written in a simple and accessible manner, this book will be of interest to business practitioners, decision makers in organizations and academics alike. Contents:IntroductionCorporate Groups in JapanEvolution of the Japanese Corporate SystemWhy do Corporate Groups Exist?How are Subsidiary Companies Managed?Case Study: Bridging Theory and PracticeClassification of Different Types of SubsidiariesRoadmap to Creating a Successful SubsidiaryConclusion and Areas for Future ResearchReasons for Establishing Subsidiaries Readership: Business practitioners working with Japanese business partners, decision makers involved in Japan-related business decisions, business professionals interested in Japan, academics and students interested in Japanese corporate groups. Key Features:One of the few books to contain academic literature on Japanese corporate groupsPresents case studies to help readers understand the reality and difficulty in understanding group managementProvides an overview of characteristics of Japanese corporate groups, specially for readers who are not familiar with themKeywords:Parent and Subsidiary;Business Group;Control and Coordination;Transaction;Typology of Subsidiary;Japanese Corporate Groups;Roadmap to Successful Subsidiary;Japanese Corporate SystemHitachi Group Hitachi, which began as a machines repair factory in 1910, was established as a company in 1920 by its ... Panasonic Group Founded by Konosuke Matsushita in 1918, Panasonic (known prior to 2008 as Matsushita Electricanbsp;...

Title:Control and Coordination of Subsidiaries in Japanese Corporate Groups
Author:Akira Mitsumasu
Publisher:World Scientific - 2015-06-29


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