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Electronics industry Galagapos effect

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?
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business Economy Electronics industry Galagapos effect mobile payment R&D Telecommunications

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?