there is no right answer but it is about how you justify your selection

Assignment: Case 2( about a company, Matsushita (or Panasonic) from Japan) Your case analysis is to contain the following sections: Section 1: Provide a general description of the company. Section 2: Define the central issue of the case. Section 3: Define the company’s goals. Section 4: Identify the constraints of the problem. Section 5: Identify all the relevant alternatives. Section 6: Select the best alternative and provide a justification for the selection. Note: there is no right answer but it is about how you justify your selection based on international business theory. Section 7: Develop an implementation plan. Action Items 1. Read the case at the end of Chapter 4 in International Business . 2. Write a 4-page case analysis. Include section headers in your case analysis. Cite resources as appropriate to support your findings. This may include adding proper citations or better paraphrasing. 3. Submit your paper to turnitin.com . Note: please read the Case Analysis Rubric on the last paper for the pervious case submitted last week which it well be the same rubric for this case (2)too and try to avoid all the mistakes noted and missing details required in the first case… Matsushita (Panasonic) and Japan’s Changing Culture Established in 1920, the consumer electronics giant Panasonic was at the forefront of the rise of Japan to the status of major economic power during the 1970s and 1980s (before 2009 Panasonic was known as Matsushita). Like many other long-standing Japanese businesses, Panasonic was regarded as a bastion of traditional Japanese values based on strong group identification, reciprocal obligations, and loyalty to the company. Several commentators attributed Panasonic’s success, and that of the Japanese economy, to the existence of Confucian values in the workplace. At Panasonic, employees were taken care of by the company from “cradle to the grave.” Panasonic provided them with a wide range of benefits including cheap housing, guaranteed lifetime employment, seniority-based pay systems, and generous retirement bonuses. In return, Panasonic expected, and got, loyalty and hard work from its employees. To Japan’s postwar generation, struggling to recover from the humiliation of defeat, it seemed like a fair bargain. The employees worked hard for the greater good of Panasonic, and Panasonic reciprocated by bestowing “blessings” on employees. However, culture does not stay constant. According to some observers, the generation born after 1964 lacked the same commitment to traditional Japanese values as their parents. They grew up in a world that was richer, where Western ideas were beginning to make themselves felt, and where the possibilities seemed greater. They did not want to be tied to a company for life, to be a “salaryman.” These trends came to the fore in the 1990s when the Japanese economy entered a prolonged economic slump. As the decade progressed, one Japanese firm after another was forced to change its traditional ways of doing business. Slowly at first, troubled companies started to lay off older workers, effectively abandoning lifetime employment guarantees. As younger people saw this happening, they concluded that loyalty to a company might not be reciprocated, effectively undermining one of the central bargains made in postwar Japan. Panasonic was one of the last companies to turn its back on Japanese traditions, but in 1998, after years of poor performance, it began to modify traditional practices. The principle agents of change were a group of managers who had extensive experience in Panasonic’s overseas operations, and included Kunio Nakamura, who became the chief executive of Panasonic in 2000. First, Panasonic changed the pay scheme for its 11,000 managers. In the past, the traditional twice-a-year bonuses had been based almost entirely on seniority, but now Panasonic said they would be based on performance. In 1999, Panasonic announced this process would be made transparent; managers would be shown what their performance rankings were and how these fed into pay bonuses. As elementary as this might sound in the West, for Panasonic it represented the beginning of a revolution in human resource practices. About the same time, Panasonic took aim at the lifetime employment system and the associated perks. Under the new system, recruits were given the choice of three employment options. First, they could sign on to the traditional option. Under this, they were eligible to live in subsidized company housing, go free to company-organized social events, and buy subsidized services such as banking from group companies. They also still would receive a retirement bonus equal to two years’ salary. Under a second scheme, employees could forgo the guaranteed retirement bonus in exchange for higher starting salaries and keep perks such as cheap company housing. Under a third scheme, they would lose both the retirement bonus and the subsidized services, but they would start at a still higher salary. In its first two years of operation, only 3 percent of recruits chose the third option—suggesting there is still a hankering for the traditional paternalistic relationship—but 41 percent took the second option. In other ways Panasonic’s designs are grander still. As the company has moved into new industries such as software engineering and network communications technology, it has begun to sing the praises of democratization of employees, and it has sought to encourage individuality, initiative taking, and risk seeking among its younger employees. But while such changes may be easy to articulate, they are hard to implement. For all of its talk, Panasonic has been slow to dismantle its lifetime employment commitment to those hired under the traditional system. This was underlined in early 2001 when, in response to continued poor performance, Panasonic announced it would close 30 factories in Japan, cut 13,000 jobs including 1,000 management jobs, and sell a “huge amount of assets” over the next three years. While this seemed to indicate a final break with the lifetime employment system—it represented the first layoffs in the company’s history—the company also said unneeded management staff would not be fired but instead transferred to higher growth areas such as health care. With so many of its managers a product of the old way of doing things, a skeptic might question the ability of the company to turn its intentions into a reality. As growth has slowed, Panasonic has had to cut back on its hiring, but its continued commitment to long-standing employees means that the average age of its workforce is rising. In the 1960s it was around 25; by the early 2000s it was 35, a trend that might counteract Panasonic’s attempts to revolutionize the workplace, for surely those who benefited from the old system will not give way easily to the new. Still, by the mid-2000s it was clear that Panasonic was making progress. After significant losses in 2002, the company broke even in 2003 and started to make profits again in 2004. New growth drivers, such as sales of DVD equipment, helped, but so did the cultural and organizational changes that enabled the company to better exploit these new opportunities. The company continued to make solid profits until 2009, when, like most enterprises, it was hit by the global recession. Panasonic’s response to this showed how much the company had changed. The company quickly announced that it would close 27 plants and lay off 15,000 employees, half of them in Japan, signaling perhaps, the final end of it’s lifetime employment commitments. Sources: “Putting the Bounce Back into Matsushita,” The Economist, May 22, 1999, pp. 67–68; “In Search of the New Japanese Dream,” The Economist, February 19, 2000, pp. 59–60; P. Landers, “Matsushita to Restructure in Bid to Boost Thin Profits,” The Wall Street Journal, December 1, 2000, p. A13; M. Tanikawa, “A Pillar of Japan Inc. Finally Turns Around; Work in Progress,” International Herald Tribune, August 28, 2004, pp. 17–18; and “Panasonic Will Slash Jobs, Shut 27 Plants,” Los Angeles Times, February 5, 2009, p. C3. 1. What were the triggers of cultural change in Japan during the 1990s? How is cultural change starting to affect traditional values in Japan? 2. How might Japan’s changing culture influence the way Japanese businesses operate in the future? What are the potential implications of such changes for the Japanese economy? 3. How did traditional Japanese culture benefit Panasonic during the 1950s–1980s? Did traditional values become more of a liability during the 1990s and early 2000s? How so? 4. What is Panasonic trying to achieve with human resource changes it has announced? What are the impediments to successfully implementing these changes? What are the implications for Panasonic if (a) the changes are made quickly or (b) it takes years or even decades to fully implement the changes? 5. What does the Panasonic case teach you about the relationship between societal culture and business success? Case Analysis Rubric Criteria Unacceptable Acceptable Proficient Student Points and Comments Describes the company. Vaguely describes the company or completely off topic. (0-3 points) Describes the company and, for the most part, fulfills assignment requirements. (4 points) Accurately describes the company and demonstrates solid ability to accomplish the assignment. (5 points) 5 Good Defines the central issue of the case. Vaguely defines the central issue of the case or completely off the topic. (0 – 3 points) Defines the central issue of the case and, for the most part, fulfills assignment requirements. (4 points) Accurately defines the central issue of the case and demonstrates solid ability to accomplish the assignment. (5 points) 5 Good Defines the general goals of the company. Vaguely defines the general goals of the company or completely off the topic. (0-3 points) Defines the general goals of the company and, for the most part, fulfills assignment requirements. (4 points) Accurately defines the general goals of the company and demonstrates solid ability to accomplish the assignment. (5 points) 4 Good but it would help to know the source of these goals. Identifies the constraints of the problem. Vaguely identifies the constraints of the problem or completely off the topic. Identifies the constraints of the problem and, for the most part, fulfills assignment requirements. Accurately identifies the constraints of the problem and demonstrates solid ability to accomplish the assignment. 4 For the most part but it would be helpful to add to these the comparisons to Indonesia’s more successful neighbors. (0-3 points) (4 points) (5 points) Identifies all the relevant alternative solutions. Vaguely identifies all the relevant alternative solutions or completely off the topic. (0-7 points) Identifies all the relevant alternative solutions and, for the most part, fulfills assignment requirements. (8 points) Accurately identifies all the relevant alternative solutions and demonstrates solid ability to accomplish the assignment. (9-10 points) 8 What is there is easy to say but hard to do. Another alternative would be to do nothing different. Selects the best alternative and justifies the selection. Vaguely selects the best alternative and justifies the selection or completely off the topic. (0-7 points) Selects the best alternative and justifies the selection and, for the most part, fulfills assignment requirements. (8 points) Selects the best alternative and justifies the selection and demonstrates solid ability to accomplish the assignment. (9-10 points) 9 Good, Develops an implementation plan for the selected solution. Vaguely develops an implementation plan or completely off the topic. (0-7 points) Develops an implementation plan and, for the most part, fulfills assignment requirements. (8 points) Develops an implementation plan and demonstrates solid ability to accomplish the assignment. (9-10 points) 8 Good, but the proper execution of this assignment (and others to come) includes using in=text citations so we know where information is coming from. Integrates established international business principles into the discussion. Rarely integrates established international business principles into the discussion. For the most part, does a good job of integrating established international business principles into the Consistently does a good job of integrating established international business principles into the 8 For the most part but hard to tell where priciples are coming from without in-text (0-7 points) discussion. (8 points) discussion. (9-10 points) citations. Synthesizes relevant information and materials to provide evidence of critical thought. Synthesizes information at a minimal level. (0-7 points) For the most part, effectively synthesizes information, which supports main ideas. (8 points) Consistently and effectively synthesizes information, which provides strong support to main ideas. (9-10 points) 8 There is critical thought but we need more transparent synthesis of information (references) Considered holistically, demonstrates the ability to write at the graduate level. Considered holistically, the student demonstrates an inadequate ability to write at the graduate level. (0-3 points) Considered holistically, the student demonstrates an acceptable ability to write at the graduate level. (4 points) Considered holistically, the student demonstrates a proficient ability to write at the graduate level. (5 points) 4 Good, but in-text references needed. Total Points = 63 Turnitin.com Did not turn paper into Turnitin.com Minus 5 points —- —- Yes Revisions based on the originality Report Did not revise paper based on the originality report Minus 5 points —- —- -0 Total Points = 63

 

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