Japanese way of doing business has much to be admired
In the year since the March 11 disaster, in towns turned to wasteland by the tsunami, construction companies began clearing debris without waiting for contracts. Along the devastated coast, there are now a few prefab shops, some stocked entirely with merchandise supplied on credit by loyal suppliers. Small factories are restarting, using production equipment donated by peers around the country.
Such tales are in part a testament to wider social solidarity in the face of what was Japan’s worst natural disaster in nearly nine decades. But they also highlight a distinctive national business culture in which the value of long-term relationships is often placed far higher than short-term advantage.
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