Word: shinsegi
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...only are fewer Asian execs hitting the road, but also when they do travel, the purse strings are much tighter. From Japan's Nissan Motor to South Korea's Shinsegi Telecom, employees are being told to walk through business class to economy on airplanes and to downgrade from five-star hotels to four- or even three-star establishments when they land. "People used to buy normal tickets so they could change schedules a million times, but nowadays people fix their business meetings according to the schedule of their air tickets," says Yuko Sugihara, a Tokyo travel agent who specializes...
...meals, they took it seriously," says Ahn, whose belt tightening has worked perhaps too effectively--he claims he lost 8 lbs. with all the extra running around on his last business trip. Other pleasurable business habits are also taking a pounding. Says Ryu Dae Hee, a Shinsegi Telecom manager: "It is no longer affordable to go drinking with leftovers from the travel budgets, and our business counterparts don't seem to expect treats anymore...
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