NEW YORK (Kyodo) Japanese companies that want to go global must have good risk management and tap into the strengths of the cultures in which they operate, according to the former president of Komatsu America Corp.
Kenichi Nakamura said a company aiming to globalize its operations must have a proper risk management policy. Believing there is "no problem is a problem," he said, as issues always arise and a company must be prepared for them.
To make his point, Nakamura began his talk, "What is Real Globalization for Japanese Companies?" at the Japanese Chamber of Commerce and Industry of New York Inc. by giving an analysis of the Hanshin Tigers' loss in last year's Japan Series.