Word: soshikiryoku
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...that sense of team spirit and togetherness--called soshikiryoku--that many Japanese corporations are trying to rekindle. Up to a generation ago, college grads entered companies en masse, lived together, drank together, quite often married one another and retired together. This close-knit culture, which was virtually national labor policy, was widely credited for Japan's meteoric rise. But it all ended when the country hit the skids in the 1990s. Threatened by cheap labor and more efficient business models, Japanese companies began adopting American management concepts such as merit-based pay and job competition. "The Japanese equated globalism with...
...that sense of team spirit and togetherness - called soshikiryoku - that many Japanese corporations are trying to rekindle. A generation ago, college grads entered companies en masse, lived together, drank together, quite often married each other, and retired together. This close-knit corporate culture, which was virtually national labor policy, was widely credited for Japan's meteoric economic rise. But it all ended when the country hit the skids in the 1990s. Threatened by cheap labor and more efficient business models, Japanese companies began adopting American management concepts such as merit-based pay and competition among employees. "The Japanese equated globalism...
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