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Tag Archives: myths and realities of the global economy
The ills of Japanese economy: Seperating the reality from perceptions
All companies of the developed nations need to “think different and act different”. In the past three decades, most of these companies have gone after the “easy money” of replicating known solutions – in terms of physical goods and their production – using IT applications as the back bone for such effort. This has resulted in untold amount of profits through geographic or regional expansion, mergers and acquisition and risky business models (to make money from betting or differential credit swaps). In the process much of the middle class – more so in USA than in Japan – has paid a heavy price. Now it is time to challenge these companies to think and act “different”, with a greater emphasis on organic growth through new physical products and solutions. Continue reading