Category: Galagapos effect

  • Japan’s future. Bill Emmott and Gerhard Fasol, a discussion.

    Japan’s future. Bill Emmott and Gerhard Fasol, a discussion.

    Japan’s future: Bill Emmott and Gerhard Fasol

    Bill Emmott is an independent writer and consultant on international affairs, board director, and from 1993 until 2006 was editor of The Economist. http://www.billemmott.com

    Gerhard Fasol is physicist, board director, entrepreneur, M&A advisor in Tokyo. https://fasol.com/

    Japan’s future: A conversation

    Bill Emmott:

    I came first to Japan in 1983 as Economist Tokyo Bureau Chief, staying until 1986. Then in 1988 I came back on sabbatical leave and wrote “The sun also sets: why Japan will not be number one”, which against my expectation when it was published in 1989 found big resonance in Japan. The stock market was plunging, and mine was the most immediately available explanation. Ever since, journalists have constantly asked me what the sun is doing now! It also meant that even when I became editor in chief of The Economist in 1993 I spent much more time focused on Japan than I had expected, visiting as often as I could to keep track of the post-bubble developments, and wrote a book that appeared only in Japanese translation called “Kanrio no Taizai”, or the bureaucrats’ deadly sins. But later, with Prime Minister Koizumi consolidating reforms, and the banking system at last getting cleared up, I sent myself back in 2005 to research and wrote a much more optimistic special supplement for The Economist which became a book, “The sun also rises”.

    Throughout the 35 years since I first came to Japan, I have both been fascinated and struck by the fact that although this is in so many ways an inward-looking self-contained nation, foreign observers are listened to and even have a chance of having a positive impact.

    One element that had featured consistently in my writings ever since the 1980s had been observations and expectations for a growing role for women in employment and power. This seemed logical given that, at least before the bubble burst, Japan was heading for a labour shortage, but also the Equal Employment Law of 1986 had led to more females being recruited by major organisations. Japan’s excellent education surely meant that the underused half (= women) of the adult population would soon be used more productively.

    Of course, this has developed a lot more slowly than I expected or hoped, partly for cultural reasons but also because Japan has not in fact had a labour shortage, until now.

    I wanted to meet you, Gerhard tonight because we both are fascinated by the role Japanese women have in making Japan such a fascinating country, and how the many really strong Japanese women could have key roles in bringing growth and dynamic change back to Japan.

    • Could Japanese women have bigger roles for the development of Japan?
    • What is holding women back in Japan?
    • Who are the role models?

    I am making interviews with high-achieving Japanese women to try to find answers, and plan to compile them into a book later this year. What would you say, Gerhard? And anyway, how did you end up here?

    Gerhard Fasol:

    My path to Japan is quite different than yours, Bill. I came to Japan first in 1984 as Fellow of Trinity College Cambridge, and scientist at the Max-Planck-Institute in Stuttgart, part of a project to build a research cooperation with NTT’s R&D labs. I saw that Japan was very important in technology and weakly linked to the outside – and still is today, I think. So in 1984 I decided to make Japan my second professional focus in addition to physics and electronics. Like you – the deeper I get into Japan, the more I learn about Japan, the greater my fascination, and my motivation to contribute.

    Now I am working on many different projects, working on international technology M&A projects, and I am also one of a microscopic number of foreigners on the Board of Directors of a stock market listed Japanese corporation – reforming Japanese corporate governance hands-on.

    Could Japanese women have bigger roles for the development of Japan?

    Gerhard Fasol:

    I think that the equal participation of women in leadership is directly linked to the population issue, ie the number of children born.

    According to the Inter-Parliamentary Union in 2016 http://data.worldbank.org/indicator/SG.GEN.PARL.ZS

    • in Japan 10% of Members of Parliament were women,
    • while in Sweden 44% of Members of Parliament are women,
    • 37% in Germany and
    • 26% in France –
    • the world average is 23% women in Parliaments.

    In Japan the ratio of women in Parliament has increased from 1% in 1990 to 10% in 2016, so there is progress. If we extrapolate, and if the trend continues, then it might take another 30 years or so until Japan reaches world average in terms of women bringing women’s views into Parliament, and taking part in making the laws. And it might take Japan 100 years to reach Scandinavian standards of women’s participation in making the laws of the land – unless there is some acceleration in Japan.

    Japan’s most powerful Ministry, the Ministry of Finance, did not hire any women into career positions for a period of about 10 years!

    At the 2015 New Year event of Kyoto Bank, Keidanren Chairman Mr Sadayuki Sakakibara showed that Japan’s spending on aged people is dramatically higher than spending on children, and that this ratio is increasing with time, Japan spends more and more on aged people and less and less on children. There are two ways to look at this situation:

    • one way is to say: we have an aging society, therefore its only natural to spend more on

      the aged, and less for children
    • the opposite way to look at the same situation is to say: we are spending less and less for children, no wonder we have fewer and fewer children. If we did more for young people, maybe people will have more children….

    Actually most Japanese women I talk to want 2-3 children, but many cannot for financial reasons.

    By nature, women give birth to children, not men, so more women in decision making positions including Government and Parliament will bring children’s issues into decision making.

    As an example, child birth costs in Japan are not covered by health insurance, while they are everywhere in Europe. There are many other open and hidden costs of having children in Japan compared to Europe.

    We discussed some of these issues at the recent Ludwig Boltzmann Forum on women’s development and leadership, which I organized here in Tokyo https://www.boltzmann.com/2016/05/ludwig-boltzmann-forum-women-leadership-2016/

    What is holding women back in Japan?

    Gerhard Fasol:

    The most important factor are mindsets. The key to give more power to women in Japan is to change mindsets, to change the way of thinking.

    As an example, the Prefecture of Kanagawa in 2015 created the “woman act” committee, under the slogan “women, step by step, take more responsibility”, however this committee both in 2015 and also in 2016 consisted of 11 men – not one single woman leader: http://www.pref.kanagawa.jp/osirase/0050/womanact/

    Here with original photographs archived on the wayback-machine / internet archive

    https://web.archive.org/web/20160119091535/http://www.pref.kanagawa.jp/osirase/0050/womanact/#top


    Why not create a committee of 11 women leaders to lead efforts on gender equality in Kanagawa Prefecture? Why not promote women to leadership positions in Kanagawa Prefecture?

    Another factor holding women back are the very long working hours common in Japan. As an example, at a recent EU-Japan gender equality conference, the Danish polician Astrid Krag, who was Minister for Health and Prevention at the age of 29 – 32 years, and who has two children, explaned that in the Parliament of Denmark the decision was taken not to take any vote after 4pm, so that Members of Parliament can be back home by 5pm, collect children from daycare centers in time etc. So in the Parliament of Denmark it is guaranteed that Members of Parliament can leave at 4pm. In today’s Japan such action is unthinkable, age 29 – with young children – would be unbelievably young for a Government Minister in Japan. https://en.wikipedia.org/wiki/Astrid_Krag

    Late-night or overnight sessions at work, including Parliament, makes life incredibly difficult in Japan for parents with young children, doubtlessly contributing to the small number of women in top positions in Japan.

    Who are the role models?

    Gerhard Fasol:

    Despite these difficulties, there is a substantial number of very strong women in Japan, who have worked their way up into leadership positions.

    Examples are the Mayor of Yokohama, Ms Fumiko Hayashi, who succeeded in a very distinguished business career, and the Governor of Tokyo, Ms Yuriko Koike, who won the election on her own as an independent candidate, because she did not receive the backing of her party.

    Bill Emmott:

    That is great, as I have now interviewed Koike-san and plan to interview Hayashi-san during my next visit. Personally, as well as admiring women who have made it to the top in the tough political world I also admire and am interested in women succeeding as entrepreneurs and as executives in entrepreneurial companies. By starting and building their own companies, women can really create new realities, showing that new organisational cultures are possible in a Japanese context. Do you agree?

    Gerhard Fasol:

    Japan has quite a number of women entrepreneurs and business leaders, Ms Tomoko Namba, Founder of Japan’s Internet company DeNA come to mind,
    https://ja.wikipedia.org/wiki/南場智子
    as well as Ms Fujiyo Ishiguro, Founder and CEO of the NetYear Group:
    http://www.bloomberg.com/research/stocks/people/person.asp?personId=867078&privcapId=717286

    Science is also an interesting area. We have women leaders in Japanese medicine, I invited some for the Ludwig Boltzmann Forum on women’s development and leadership https://www.boltzmann.com/2016/05/ludwig-boltzmann-forum-women-leadership-2016/

    Kyushu University has one single full Professor of Medicine Professor Kiyoko Kato, she explains the situation of women in Japanese Obstetrics and Gynecology here https://www.boltzmann.com/2016/05/kiyoko-kato/
    while Professor Kyoko Nomura has built a center to support women medical doctors and women medical researchers at Teikyo University. She spoke about the situation facing women in medicine in Japan here: https://www.boltzmann.com/2016/02/kyoko-nomura-2/

    Towards the future

    Gerhard Fasol:

    The tantalizing issue is that the key is to change mindsets, and thats at the same time superficially easy, but at the same time incredibly hard. Thus outstanding strong Japanese women – and there are many of them – have a choice either to work their way up to the top in Japan, start their own company in Japan, or on the other hand to move to Europe, elsewhere in Asia, or to the USA – I know several strong Japanese women, including several Japanese medical doctors, who have moved to Europe or USA. They might of course come back to Japan at a later stage bringing global views and experiences to leadership positions in Japan in the future. I am very optimistic for the future of Japan – sometimes I wish things were moving faster.

    Bill Emmott:

    I agree entirely. I see Japanese women as both victims of the slow speed of change and as solutions to it. They really could make the Japan of 2030 look quite different, in all sorts of ways. It will be fascinating to watch.

    Bill Emmott and Gerhard Fasol met at the restaurant MusMus in Tokyo

    left to right: Gerhard Fasol, Ms Atsuko Konta (Manager of the restaurant MusMus), Bill Emmott
    left to right: Gerhard Fasol, Ms Atsuko Konta (Manager of the restaurant MusMus), Bill Emmott at the restaurant MusMus in Tokyo.

    Copyright (c) 2017 by Bill Emmott and Gerhard Fasol. All Rights Reserved.

  • Japan’s electronics conglomerates: Whats the difference between Apple/IBM vs Sony/Panasonic/NEC?

    Japan’s electronics conglomerates: Whats the difference between Apple/IBM vs Sony/Panasonic/NEC?

    Why are Apple/IBM/Microsoft/Google so very different compared to SONY/Panasonic/NEC

    Need for corporate governance reforms in Japan

    Japan's electronics conglomerates: Whats the difference between Apple/IBM vs Sony/Panasonic/NEC?
    Japan’s electronics conglomerates: Whats the difference between Apple/IBM vs Sony/Panasonic/NEC?

    My friend’s question: Why are Apple/IBM/Microsoft/Google so very different compared to SONY/Panasonic/NEC

    Gerhard Fasol’s answer: Profit and growth. Apple and IBM grow and are highly profitable. Sony, Panosonic and NEC have no growth and no profit for 15 years – read here:
    http://www.eurotechnology.com/2013/05/20/japans-big-8-electronics-giants-fy2012-results-announced/
    for more detailed analysis, read our Report on Japan’s electronics sector

    My friend’s question: Gerhard, we know about the difference in profitability and growth. The question is, what made such a difference in profitability and growth

    Gerhard Fasol’s answer: there are many down-stream issues, e.g. acquisition of cloud startups, execution etc. Much of this is summarized in an excellent talk by Masamoto Yashiro, which I have written up here: http://www.fasol.com/2013/10/19/masamoto-yashiro/

    There are:

    1. superficial reasons, like YEN-rate, interest rate, global recession etc
    2. execution and management issues, the kind of stuff you learn at Business Schools
    3. the big underlying issues

    the big underlying issues are brains (=hardware) and education (=operating system and software for those brains).

    There are many fantastic Japanese companies. In a free market, its no surprise that companies are born and others die. Its called Schumpeter’s creative destruction. In a way its more surprising that companies can survive so long with a long-dead business model.

    Have you heard about the German company AEG? AEG built the electricity system for Tokyo a long time ago – thats why Tokyo has 50Hz and Osaka has 60Hz. AEG disappeared about 30-40 years ago. There are still some companies today licensing the AEG brand, which is still famous, however, the traditional AEG company disappeared with bankruptcy in 1980. You can read about this here: http://www.csmonitor.com/1982/0812/081250.html

    it says:
    “Plagued by bad management throughout the 1970s, West Germany’s 10th largest employer overextended itself and became involved in too many loss-making enterprises. It invested heavily in the wrong kind of nuclear technology and its domestic appliances business fell prey to growing competition in a stagnant market.
    In the last four years, it posted operating losses of 4 billion marks ($1.6 billion) and despite massive injections of credit from the banks in 1979 and again last year, it did not recover. Mr. Duerr partly blames the worldwide recession and high interest rates for the failure.”

    Sounds familiar? thats AEG in 1980.

    Copyright (c) 2013 Eurotechnology Japan KK All Rights Reserved

  • Japan Galapagos Effect – How to capture global value for Japan? Keynote for the American Chamber of Commerce in Japan (ACCJ) by Gerhard Fasol

    Japan Galapagos Effect – How to capture global value for Japan? Keynote for the American Chamber of Commerce in Japan (ACCJ) by Gerhard Fasol

    Japan Galapagos Effect – how to capture global value for Japan. From the Journal of the American Chamber of Commerce in Japan (ACCJ), reproduced with permission.

    Dr. Gerhard Fasol dissects the history behind Japan’s unique international market separation

    By Hugh Ashton

    Originally posted by ACCJ Journal on January 15, 2011 in “Chamber Events”
    based on a talk given by Dr. Gerhard Fasol to the Members of the American Chamber of Commerce (ACCJ) on July 12, 2010, at the Westin Hotel, Tokyo.

    (c) 2011 Copyright by The American Chamber of Commerce in Japan (ACCJ).
    Reproduced with kind permission of ACCJ.

    Dr. Gerhard Fasol, the founder and CEO of Eurotechnology Japan KK, spoke to ACCJ members about Japan’s “Galapagos Effect” at the Westin Hotel in Tokyo. The “Galapagos Effect,” for those unfamiliar with the term, is used to describe Japan’s unique culture of technology that has not expanded beyond Japan’s borders, in the same way that the Galapagos Islands exemplify unique evolutionary developments in nature.

    Gerhard Fasol
    Gerhard Fasol

    Where Japan Leads

    Investment is a prime reason why such developments as Internet-related mobile communications are so advanced in Japan. As Fasol pointed out, Japan has seven times the number of 3G base stations as the United Kingdom. Many of the related technical developments in mobile handsets that are only just coming onto the market outside Japan have been standard for many years in this country—Fasol gave high-quality camera phones as an example.

    Quoting a Nokia spokesman, he claimed one reason for this leap was that Europe is conservative in regards to standards, which take a long time to develop and ratify in contrast to Japan. He amplified the Galapagos analogy by stating, “Japan is a Galapagos island, and doesn’t have to care about standards.”

    Fasol also claimed that Japan is 10 to 15 years ahead of other nations in its use of electronic money. He contrasted Europe’s fragmented and overly bureaucratic nature with Japan’s, where large decisions—such as
    i-Mode and Suica—can be made by a mere two or three people, which may come as a surprise to those who see Japan as a bureaucratic nightmare.

    The reverse side of the Galapagos effect, however, is that Japanese phones designed for the home market fail to find buyers outside Japan. Electronic money is another area where Japanese technology seems destined to remain within the borders of Japan, despite the fact it is now quite common and accounts for a relatively large proportion of currency in circulation at about two percent. Fasol claimed that the U.S. and Europe are not yet ready for the mass introduction of such a payment system like Japan. In the long term, he believes, non-Japanese global giants will probably win out over the Japanese innovators.

    Shedding Light on Genius

    Another area where Japan has led innovations in the commercialization of technology is the revolution in lighting, which is poised to offer new environmentally-friendly illumination options. Based on the invention of the blue LED by Shuji Nakamura, the new lighting systems are also wallet-friendly in that they offer a 6,000-fold advantage in terms of price for the same amount of light over kerosene-powered lighting, still a staple in many parts of the world.

    However, Nakamura was largely ignored by the Japanese business community; he is not even named on the website of the company that employed him (Nichia), and is now working at a university in California—Tokyo University claimed they wanted more “ordinary professors.” According to Fasol, the “Galapagos effect” means that there is no room or need for geniuses like Nakamura in Japan.

    Economy

    Up to 1995, Japan’s economy was growing, but is now static, a unique situation within the G8. Indeed, extrapolated from present trends, South Korea’s economy could overtake Japan’s in 2022.

    Japan has a huge electronics sector, from giants to smaller specialist makers with a $600 million market about the same as the Netherlands. However, the growth is almost zero compared with that of 10 years ago. The net income of the top 20 companies of the sector is actually less than that of a single U.S. company, GE or of Korean rival, Samsung. This has a disadvantageous effect on pension funds, who are the major shareholders of these companies, but the governance of Japanese corporate affairs by shareholders is much less than, say, in the U.S. Still, Japan enjoys a very large national market (unlike the UK, for
    example), which can help companies survive. On the other hand, this may have prevented companies from “going global” as their internal market has reached saturation. Fasol mentions rice cookers as an example of a
    consumer durable that is not purchased frequently, and accordingly has a relatively small and finite market footprint. Even so, every major electrical manufacturer designs and produces a range of rice cookers, with a very low profit margin of well under one percent, which may be part of the legacy of the zaibatsu (the large pre-war conglomerates). This legacy means that most present-day conglomerates feel the need to do everything—for instance, there are three global makers of trains, but ten in Japan.

    The Galapagos Study Group

    Fasol then went on to describe the 26-person interdisciplinary Galapagos Study Group—of which he was the only non-Japanese member—which met monthly for a year and concentrated on the mobile phone industry.

    The results of these meetings were summarized in three sets of recommendations to telecom carriers, electrical manufacturers, and content companies, with the second category receiving the recommendations that Fasol described as most radical.

    He surprised his listeners by saying, “I think it would be best for Japan if in five years or so there were no more Hitachi, or Fujitsu, or Toshiba.” This, of course, was not meant as a direct attack on these specific companies, but as an attack on their conglomerate nature. Instead of the current state, he suggested a move towards smaller companies, focused on profitable businesses, would be preferable and would restart growth.

    On the content side, Fasol claims that Japan is the only country in the world with the intellectual and creative resources to create characters that can stand up to Mickey Mouse and the Disney empire, but has not succeeded in creating global businesses based on Pikachu or Doraemon. Accordingly, the committee made a recommendation that platforms similar to Disney be created in order to create global businesses using such characters.

    Gerhard Fasol
    Gerhard Fasol

    Coming to Japan from the Outside

    On the subject of breaking into “the Galapagos market,” Fasol pointed out that good foreign companies can succeed in Japan if they know the market. As an example, he cites traffic lights, whose specifications in Japan are controlled by the police. Any company failing to recognize this kind of local quirk, no matter what its global standing, is doomed to failure when it comes to Japan. Examples of dramatic failures he cited were Nokia, Nasdaq, and Vodafone. To paraphrase the traditional real estate tag, Fasol claimed that the three biggest mistakes foreign companies coming to Japan make are “arrogance, arrogance and arrogance.” He claimed that this has nothing to do with Japan’s closed markets, quoting the iPhone’s success as an example.

    He pointed out that there are other reasons for the failure of foreign entrants. Apart from the failure to listen to customers and understand the market, reasons include partnership with the wrong joint venture partners, and the management of Japanese ventures by managers who fail to understand the country.

    However, the Japanese service lifestyle, allied with what he terms a “fashion society,” is a great opportunity for outsiders to break into the Galapagos market, and Fasol claimed that foreign companies can tap Japan’s creativity and use it to their advantage.

    He also claimed that the relative isolation of Japan from global standards and practices in some cases actually enriches the global experience. But at the same time this also introduces life-threatening issues for Japan and this isolation must be addressed through two-way dialog from inside and outside of Japan.

    (c) 2011 Copyright by The American Chamber of Commerce in Japan (ACCJ).
    Reproduced with kind permission of ACCJ.

    —–

    Gerhard Fasol’s Stanford University lecture “New opportunities vs old mistakes – foreign companies in Japan’s high-tech markets”

    (was transmitted by Stanford’s TV to 100s of Silicon Valley companies)

    Read more about Japan’s “Galapagos effect” here:

  • Japan technology companies – the future?

    Japan technology companies – how to move to the future?

    Gave a talk to a group of about 50 CEOs of the Japan subsidiaries of global companies on the topic “A future for Japan’s tech companies?”

    I talked about the same issues as at the TTI-Vanguard Forum about a year earlier, and started again with the conclusions:

    Japan technology companies – First to develop many technologies, but not good enough in capturing global value

    • Conclusions 1: Japan has invented and first brought to market many new technologies and business models in today’s hottest areas, and Japan is not good enough at capturing global value from this incredible creativity
    • Conclusions 2: why does it take at least 10 years to reinvent the wheel in London?
    • Conclusions 3: WHAT is holding Japan back to capture global value from fantastic inventions?
  • Cash goes mobile and electronic. First to market in Japan and then what? (TTI-Vanguard conference keynote)

    The organizers of the legendary TTI-Vanguard conference series organized a conference on “Futureproofing” in Tokyo, and invited me to give a keynote on Japan’s creativity and first-to-market for many technologies and business models, and Japan’s difficulties to capture global value from this creativity, a phenomenon often called “Japan’s Galapagos syndrome“.

    The organizers, and particularly the legendary Bob Lucky and organizer Hal Levin made great efforts in assisting me to plan and prepare my talk. Although I was given about 30-40 minutes for my talk I was asked to present the conclusions in the first slide at the beginning of my talk and then essentially be prepared for open discussion during the 30-40 minutes instead of giving a traditional talk.

    I picked electronic money, near-field payments and mobile payments as an example to demonstrate Japan’s Galapagos syndrome.

    I started my talk with the following conclusions:

    • Conclusions 1: Japan has invented and first brought to market many new technologies and business models in today’s hottest areas, and Japan has been terrible at capturing global value from this incredible creativity
    • Conclusions 2: why does it take at least 10 years to reinvent the wheel in London?
    • Conclusions 3: WHAT is holding Japan back to capture global value from fantastic inventions?
  • Why Japan is several years ahead of Europe in telecoms…

    Why Japan is several years ahead of Europe in telecoms…

    Briefing the EU Attaches at the EU Embassy in Tokyo about the reasons behind Vodafone’s departure from Japan

    The deeper reasons and background on why Vodafone failed in Japan

    Today (March 23, 2006) I was invited to brief the Technology Attaches of the Embassies of the 25 European Union countries here in Tokyo about Japan’s telecommunications sector (both fixed net and wireless) in a one hour presentation + discussion. I had offered several alternative topics and the conference of EU Technology Attaches selected the most provocative title I had offered:

    Why Japan is several years ahead of Europe in telecommunications and what Europe can do to catch up

    Vodafone KK’s Chairman and former NTT-DoCoMo Vice-President Tsuda, who had worked 34 years at NTT and DoCoMo (and who resigned from his Vodafone-Japan CEO position a few weeks after being head-hunted), said in a recent interview with Bloomberg that “Japan is way ahead in 3G”. – therefore, although this title is clearly provocative, it’s clearly worthwhile examining this question. With the sale of Vodafone KK to SoftBank last week, the timing of this briefing was particularly interesting. My presentation discussed the following questions:

    • Is Japan ahead of Europe in Telecommunications?
    • Why?
    • What is the impact?
    • Is this important?
    • What Europe can do to catch up

    Read our report on Japan’s telecom sector to understand more

    Copyright 1997-2019 Eurotechnology Japan KK All Rights Reserved

  • Why are keitai so hot in Japan?

    Why are keitai so hot in Japan?

    Seminar announcement

    The European Institute of Japanese Studies (EIJS Academy in Tokyo) of the Stockholm School of Economics will hold a seminar in Tokyo-Marunochi on Thursday, February 16, 2006:

    Topic: “Why are Mobile Phones (Keitai) so hot in Japan? – and How European companies in all sectors can profit from Keitai”

    Speaker: Gerhard Fasol

    Gerhard Fasol
    Gerhard Fasol

    Agenda:

    Japan created the most passionate and most advanced mobile communications (keitai) market in the world. Recently, almost all innovations in mobile communications have been developed or brought to market first in Japan. Fasol’s talk will explain why this is, and how European companies in all fields, from retail to publishing can profit by building keitais into their business models.

    Date: Thursday, February 16, 2006
    Time:

    6.15 – 7.00 p.m. Drink and Snack (served before the lecture)

    7.00 – 9.00 p.m. Lecture and Discussion

    Place:
    Marubiru Conference Square, Room 2 (Tel: 03-3217-7111)
    8th floor of Marubiru, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo
    One-minute walk from JR Tokyo Station, Marunouchi South Exit

    Fee: JPY2,000 per person, payable at the door
    Free for students, please bring your student ID
    Free for those who are from sponsoring companies

    Advance registration required: Please sign up (via email) or fax to (FAX 03-3212-1530) for the attention of Ms. Futagawa (EIJS Tokyo Office.)

    Copyright·©2013 ·Eurotechnology Japan KK·All Rights Reserved·

  • “New Opportunities versus Old Mistakes: European Companies in Japan’s High-Tech World”

    Gerhard Fasol gave a talk at the EU-Japan Center for Industrial Cooperation (Tokyo) on
    Thursday, June 22nd, 2000, 14:00-16:00, and
    Thursday, December 7th, 2000, 14:00-16:00

    Topic: “New Opportunities versus Old Mistakes: European Companies in Japan’s High-Tech World”

    (Audience: 70 Presidents, VPs, and managers of Japan subsidiaries of European Companies and Banks.)

  • New Opportunities versus old Mistakes: foreign companies in Japan’s high-tech world

    Gerhard Fasol gave a 2-3 hour executive training course for the Chalmers Advanced Management Programs (Chalmers University of Technology, Göteborg, Sweden)

    Title: “New Opportunities versus old Mistakes: foreign companies in Japan’s high-tech world”

    Executive training course in Global Technology Management for General Managers, Chief Engineers, Managing Directors, Vice Presidents of major Swedish corporations and multi-nationals (Ericsson, VOLVO, ABB, Telia etc)

  • Foreign companies in Japan’s high-tech markets: new opportunities versus old mistakes (Lecture at Stanford University)

    Foreign companies in Japan’s high-tech markets: new opportunities versus old mistakes (Lecture at Stanford University)

    Success stories vs failure. Why some foreign companies succeed in Japan’s high tech sector, and why others fail.

    Stanford University Japan Technology Center lecture by Gerhard Fasol, given in 1999 – most still applies today!

    New opportunities vs old mistakes – foreign companies in Japan’s high-tech markets
    Stanford University lecture, given on October 28th, 1999 – most still applies to day as in 1999

    This lecture was given on October 28th, 1999 to an audience of Stanford University faculty, students, post-docs and alumni working in Silicon Valley firms. Although this lecture is now some time ago, much of what was said still is true today. As an example, our recognition of the interplay of “old Japan” vs “new Japan” is still extremely relevant today, with old traditional corporations coexisting with new venture start-ups, some of which, like SoftBank and Rakuten have grown to very large size even on a global scale.

    Stanford University Japan Technology Center lecture: outline

    (note that some statistical data have changed since this lecture was given, the main change is the growth of China, for example today Japan is not the second, but the third largest economy after China).

    • Why is Japan important?
      • Japan is the world’s second largest market
      • 60%-70% of Asia’s economy is in Japan
      • 10%-20% of the world’s internet/telecom/e-commerce markets are in Japan
      • Some important recent high-tech breakthroughs come from Japan, e.g. blue LED and lasers, mobile internet, high-speed train system, mobile payments and e-money
      • For US corporations Japan is in general the most important/largest foreign market & competitor & partner, eg Apple, Amazon.com, Starbucks…
    • “Old Japan” versus “New Japan”
      • The “old official Japan” may fade into irrelevance, large sections (60%) of Japanese society were excluded from equal access to the “old Japan”, e.g. women, Korean residents, foreign nationals, “half”-people….
      • A “new Japan” is emerging: e.g. Nichia, SoftBank, Don Quichote, etc
      • Education is a major problem
      • Foreign corporations should tune into the “new Japan” new
    • Opportunities which never existed before
      • Foreign corporations for the first time ever can hire top Japanese performers
      • For the first time ever foreign corporations can acquire Japanese corporations on a meaningful scale
    • Some typical mistakes of foreign companies in Japan
      • Manage Asia from Singapore or Hong-Kong (thats like managing All-Europe operations from Tel-Aviv or Reykjavik)
      • Hire the wrong people (wrong Japan-CEO, wrong peronnel, e.g. too much emphasis on English vs true performance or technical excellence)
      • Partnerships or joint ventures with wrong partners or wrong expectations
      • Enter Japan, build R&D labs etc without first planning strategy and aims
      • Forget to do the homework (there is Gigabytes of information you better learn about Japan before you start, training on the job increases risks)
      • Be too fascinated by cherry blossoms & be too optimistic or too pessimistic about Japan
      • Taking things for granted in Japan, which are not:
        • brand recognition
        • Japanese consumer & customer habits and needs
        • Assume global corporations have the same depth as you are used to elsewhere in the world

    Copyright (c) 1999-2019 Eurotechnology Japan KK All Rights Reserved