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Full Description
Just as a wave of entrepreneurship created Japan's postwar "economic miracle," so it will take a new generation of entrepreneurs to revive its stagnant economy. A complex distribution system dominated by the incumbents has made it hard for newcomers even to get their products on store shelves.
Fortunately, major social changes are now opening new opportunities. Generational changes in attitudes about work and gender relations are leading more and more talented people to the new companies. This includes ambitious women who are regularly denied promotions at traditional companies. The rise of e-commerce is enabling tens of thousands of newcomers to bypass the traditional distribution system and sell their products to millions of customers. Three decades of low growth have convinced many within both the elites and the public of the need for change.
Still, progress remains an uphill climb because of resistance by powerful forces. Bank financing remains quite difficult. For example, the system of "lifetime employment" has made it very hard to newcomers to recruit the staff they need. Banks, who are often in the same sprawling conglomerates as the corporate giants, are still loath to lend to new companies. While parts of the government try to promote more startups, other parts resist making the needed changes in regulations, taxes, and budgets.
Japan's economic future will be determined by the contest detailed in this book.
Contents
Introduction
Part I: Rise and Fall of Japanese Entrepreneurship
Chapter 1: Entrepreneurship: From Effervescence to Rigidity
Chapter 2: Analog Mindset in a Digital World
Part II: Japan's Recover Requires More Gazelles
Chapter 3: The Need for a Productive Revolution
Chapter 4: Big Company Disease: They Can't See the Gorilla
Chapter 5: Gazelles-A Keystone Species For Productivity
Chapter 6: Abenomics: A Tale of Lost Opportunities
Part III: Who Becomes an Entrepreneur?
Chapter 7: Risk-Averse Culture or Risk vs Reward?
Chapter 8: Who Doesn't Get to Become an Entrepreneur?
Chapter 9: Corporate Intrapreneurship Breeds Entrepreneurs
Chapter 10: Universities as Entrepreneurial Communities
Part IV: Overcoming the Barriers to Gazelles' Growth
Chapter 11: Overcoming the Recruitment Obstacle
Chapter 12: Overcoming the Digital Divide and R&D Gap
Chapter 13: Finance for New Firms
Chapter 14: The Butterfly Effect in Finding Customers
Chapter 15: The Importance of Being Global
Part V: The Politics of Reform
Chapter 16: The Values of Japan's Postwar Political Economy
Chapter 17: Flexicurity: A Third Way
Chapter 18: A Political Scenario for Successful Reform
Chapter 19: Japan Can Do it, But Will it?
Acknowledgments
