Word: tamiya
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Dates: during 1980-1989
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While Sony continues to churn out new products, it has not given up on Betamax. The company recently introduced a 5½-lb. hand-held camera and a stereo system that are compatible with Beta videotapes. Says Kenji Tamiya, president of Sony Corp. of America: "We have absolute confidence in the Beta format." Others are skeptical. Says Reginald Duquesnoy, an industry analyst with Arnhold & S. Bleichroeder, a Wall Street investment firm: "The longer Sony sticks with Betamax, the more severely it'll get beaten...
Japan is skilled in the mass production of high-quality goods and has become a formidable competitor in established industries like memory chips and home electronics. But Japan encourages corporate development at the expense of individual initiative. Says Kenji Tamiya, president of Sony Corp. of America: "Japanese society is more highly organized, and big organizations tend to avoid risk. Particularly in new fields like personal computers or video games, you must take risks and make decisions quickly. This gives the U.S. an advantage...