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    Presented by:

    Dustin Daniel

    Mirwais Alokozay

    Priyanka Kumari Jhala

    Sabrina Kanani

    Tapasya Trivedi

    Zeeshan Waraich

    JAPANESE CULTURE

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    Todays Outline:

    Japanese Culture Overview Video- How to do business in Japan

    Success factors

    ChallengesLessons and Recommendations

    Video- 3 Most Common Mistakes

    Video- Conducting yourself in a

    Japanese Business Meeting

    Case Presentations

    Class Discussion

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    Quick Facts on Japan!

    Population= 127 million

    Capital: Tokyo

    99% of people are Japanese

    Language Spoken: Japanese

    Monetary Unit: Yen

    Culture: Traditional yet

    advanced

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    Reasons to do business with the

    Japanese

    Third largest economy inthe world

    The Japanese are

    incredibly loyal

    Japanese culture iscollectivist

    Business decisions arelong-term

    Kanban and Kaizen

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    How to do Business in Japan

    http://www.youtube.com/watch?v=aLwnLZdznVA&feature=relmfu

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    But

    Japanese culture is high inuncertainty avoidance

    Cross gender inequalities

    High-context style of

    communication

    Before doing business inJapan, you might want toconsider the following:

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    Lessons & Recommendations

    Speak slowly

    Be mindful of where yousit & take notes during

    business meetings

    Do not be offendedwhen asked personal

    questionsWrap gifts!

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    3 Most Common Mistakes

    http://www.youtube.com/watch?v=hvNYFwPwg3o&feature=relmfu

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    Case 1- Toyota

    The worlds largest automotive manufacturer in2010

    Toyota is worth more than American Big three

    automotive giants put together due to:TPS

    Kaizen

    Long-term PlanningConsensus Decision-Making

    JIT-jidoka

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    Conducting yourself in a Japanese

    Business Meetinghttp://www.youtube.com/watch?v=j2nU9K

    oB8hM

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    Case 2: The Olympus Scandal

    Briton Michael Woodford rare gaijin.

    Sacked for voicing criticism against company.

    Behaviour termed "aberrant" and "unforgivable.

    Japanese pride in 'saving face.

    Culture of honor, respect, loyalty.

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    Class Discussion

    What is your view on doing business with the Japanese?Would you go into business with them in the future? Why? Orwhy not?

    What did you think of the two cases presented? What are youropinions on the cases?

    Case 1- What do you think is the main reason of Toyota being so successful?

    Case 2- What would you have done differently if you were in Mr.Woodfords place?

    What about the Japanese business culture strikes you most?Compare it to how business is done in your culture.

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    Thank you for your time