In the post-financial crisis world economic landscape, people are increasingly turning to emerging markets as the new engine of global growth. But are Japanese companies ready to compete in the changing environment?
Companies from industrialized nations will need to shift their research and development operations to those markets to better understand the different needs of local consumers, and Japanese firms appear to be lagging behind their leading competitors in that effort, experts from U.S. business schools said at a recent symposium in Tokyo.
Five scholars from American business schools took part in the May 29 symposium organized by the Keizai Koho Center under the theme, "Global economic crisis and challenges for Japanese corporations." Hideaki Miyajima, a professor at Waseda University's Graduate School of Commerce, served as moderator.