Word: japanized
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...price of halfway restructurings was steep. In 1985, GM aped Japan's practice of building global cars - the idea was to share chassis and parts across brands, a strategy that made sense at the engineering level. At the consumer level, it was a disaster. Internal clashes for control removed imagination from design, resulting in look-alike Buicks, Oldsmobiles and Pontiacs. Sales declined; cue another restructuring. The Germans, who have their own auto culture, were no match for Chrysler after they bought the company in 1998. No wonder they gave it back...
...have the same effect that it would if those bad assets were removed from the books in the first place. It's like stripping old paint off a wall before applying a new coat, isn't it? Isn't this one of the lessons we both learned from Japan's mistakes in the '90s? And if not, what am I missing...
...company, A BATHING APE - a streetwear icon that grew out of a hole-in-the-wall Harajuku storefront to become a Japanese Gen-Y obsession, an Asian fashion fetish and eventually a global phenomenon. Sold only in limited quantities and only through his A BATHING APE boutiques in Japan, Hong Kong, Los Angeles, New York and London, Nigo's clothes and footwear helped launch Tokyo's Harajuku district as a global epicenter of urban style and are today collected by aficionados worldwide. His empire now includes some 50 stores, a hair salon, art gallery, café, magazine and record label...
...success of BAPE STA, Nigo's line of technicolor sneakers, which arose just as a global passion for collectible footwear took off: "Launched just at the moment Japan's sneaker boom went into overdrive, the old-school appeal of BAPE STA distinguished themselves from the techy, streamlined look that characterized athletic footwear of the mid- to late-1990s. ... For BAPE addicts outside Japan, the existence of STAs soon passed from rumor to legend. The Beastie Boys, N.E.R.D., Snoop Dogg, Jay-Z, Usher, Kanye West, and a host of other hip-hop V.I.P.'s began rocking them not only in private...
...Harajuku Movement" and the semantic hype was soon matched by its transformative effect on fashion and youth culture. With "identity" as their organizing principle, and the "limited-edition" as its vehicle, the constituent parts of this movement introduced design and retailing concepts not yet seen in Japan - or anywhere else...