Mitsubishi Zaibatsu Case Study

Great Essays
Show More
• From Founding to WWII
The establishment of Mitsubishi Zaibatsu was originally found by Iwasaki Yataro in 1870 (Kensy, 2001, p. 230). Yataro also mentioned at that time that the information relating to the firm’s accounting was be treated privately (Mishima, 1989, p. 13). Three years later, the name was changed to Mitsubishi (three diamonds) Shokai (Mishima, 1989, p. 16), and particularly invested in shipping business as well as trading (Kensy, 2001, p. 230). Yataro headed the Mitsubishi zaibatsu to succeed in shipping industry within four years (Kensy, 2001, p. 230) because of support from the government which Yataro had a good relationship with, and the industrial promotion policy (Mishima, 1989, p. xxviii). In 1882, as the financial statements were kept secretly in the company, there was a scandal relating to the misuse of Mitsubishi’s government subsidiary to invest for other purposes, rather than in shipping industry (Mishima, 1989, p. 55).

Yanosuke, the second president, reorganised the company which merely allowed two Iwasaki families to be investors (Mishima, 1989, p. xxix). Later, Hisaya, who is Yataro’s son became the next president …show more content…
As can be seen in Mitsubishi’s management, the Mitsubishi had expanded its business into many areas as a zaibatsu during the pre-War period (Mitshubishi, n.d.), and they built up the tight relationship among the firms (Mitshubishi, n.d.). They still keep the preference of doing business with members within the family after 1950 which was the year that the corporation reconstructed and turned into Keiretsu (Morck & Nakamura, 2002, p.6). This characteristic is considered as the trade barrier for

Related Documents

  • Great Essays

    Executive Order 9056: A Very Brief Summary
    • 958 Words
    • 4 Pages

    Executive Order 9056: A Very Brief Summary

    In the late 1890’s, Japanese workers were granted immigration to America. As time elapsed, the number of Japanese workers had increased. For America, this was the initiation of a prolonged and unsympathetic relationship with Japan. The American workers believed the Japanese immigrants were ruining economy for many reasons. One of them being, the Japanese “offer higher land prices and higher rents than the white man can pay for land.…

    • 958 Words
    • 4 Pages
    Great Essays
    Read More
  • Improved Essays

    General Motors Case Study Answers
    • 993 Words
    • 4 Pages

    General Motors Case Study Answers

    “George Williams owns an automotive parts supply company in Southfield, MI. His largest customer is General Motors. Recently, George has set up a parts distribution center in Thailand due to cheap labor, a highly skilled workforce, and central access to a shipping port. He also hired a local consultant to help him set up. On arrival, George was faced with a dilemma, his consultant Mr. Sumardi, was unable to get the parts moved from the dock that is partly owned by the government and a private company named Sati Shipping.…

    • 993 Words
    • 4 Pages
    Improved Essays
    Read More
  • Decent Essays

    How Did Mao Zedong Impact On Communism
    • 760 Words
    • 4 Pages

    How Did Mao Zedong Impact On Communism

    Mao stayed in unchallenged control of China until his death in 1976. Mao had passed away and the struggle had emerged for supreme political control. Deng did not right out say that Mao ways and beliefs were totally wrong. In fact the central committee proclaimed that Mao was seventy percent correct and 30 percent wrong, which is also the position of the Chinese government today. • In 1976 the Gang of Four was arrested, primarily because Mao was not present to protect them.…

    • 760 Words
    • 4 Pages
    Decent Essays
    Read More
  • Improved Essays

    Russia And Japanese Imperialism Essay
    • 1226 Words
    • 5 Pages

    Russia And Japanese Imperialism Essay

    The nineteenth century was a huge turning point in global powers in Europe and Asia. The smaller countries grew larger in power whereas the bigger countries grew smaller in power, Russia, Japan, and China being the greatest examples. While Japan thrived in many aspects, Russia and China were on the verge of falling apart. The different approaches to nationalism by the three countries affected their political, social, and economic transformation and modernization while Japan mostly benefitted in comparison to Russia and China. Japan followed China to open their gates to trade “under pressure from the west”…

    • 1226 Words
    • 5 Pages
    Improved Essays
    Read More
  • Great Essays

    Causes Of Ww2
    • 1400 Words
    • 6 Pages

    Causes Of Ww2

    The end of the first world war was not as fulfilling as one might have initially thought. The so called “War to end all wars” as stated by Margaret MacMillen, was just a ripple before the tidal wave. World War I was successful only at forming new problems and expanding others. Firstly, WWI was caused by Nationalism, Imperialism, Militarism, Industrialism, and Alliances that were governing powerful countries across the world. These drove the globe into its first World War and in return led to World War II as well.…

    • 1400 Words
    • 6 Pages
    Great Essays
    Read More
  • Great Essays

    Conroy's Acura Case Study
    • 2631 Words
    • 11 Pages

    Conroy's Acura Case Study

    Conroy’s Acura purchased its inventory directly from Honda’s Canadian distributor and sold the cars at a markup. Conroy’s Acura also sold pre-owned automobiles, the majority of which were obtained through trade-ins from consumers. Page 2 9B08A001 THE MARKETPLACE PY Conroy’s Acura had a number of competitors in the marketplace, the most obvious were the dozen or so other Acura dealerships within a 30-kilometre radius. Conroy’s Acura competed directly with dealerships that sold cars comparable to Acura’s offerings, such as Saab, Volkswagen and, most notably, Honda.…

    • 2631 Words
    • 11 Pages
    Great Essays
    Read More
  • Superior Essays

    The Mitsui Company In The 17th And 18th Century
    • 1030 Words
    • 4 Pages

    The Mitsui Company In The 17th And 18th Century

    The growth of the Mitsui company in the 17th and 18th centuries was fascinating. Under the guidance of Hachirobei, the company evolved from a struggling brewery and pawnshop to handling the Japanese government’s accounting in 1707. Hachirobei incorporated many innovative ideas and practices to propel his company to unprecedented success. He came from very humble beginnings and is the embodiment of what capitalism can do for a person. Hachirobei’s humbling upbringing gave him values that would translate to a fortune for him and the Mitsui family.…

    • 1030 Words
    • 4 Pages
    Superior Essays
    Read More
  • Great Essays

    Product-Harm Crisis Paper
    • 1125 Words
    • 5 Pages

    Product-Harm Crisis Paper

    (Rajasekera, 2013). Both the U.S. Government and the Japanese Government began questioning Toyota’s liabiltiy and dependability. Toyota employs stated that due to the high demand of manufacturing the automobiles, only “60 percent out of 100 percent of the vehicles were tested following completion. This could have resulted from the tetimony from President Toyoda when he said, “The company was growing too fast and that it may have focused on selling cars rather than paying suffcient attention to quality” (Rajasekera, 2013). Coorespondingly, with the growth in the Toyota manufacturing the organizaion’s personal was “stretched thin” and Toyota was required to…

    • 1125 Words
    • 5 Pages
    Great Essays
    Read More
  • Superior Essays

    Zaibatsu Corporate Culture
    • 1570 Words
    • 7 Pages

    Zaibatsu Corporate Culture

    Translating to “wealthy clique” the Zaibatsu were the conglomerate businesses created during the Meiji restoration where one company comprised of one family held complete control over all subsidiaries while maintaining a monopoly of the industry sector. Dating back to the Tokugawa period the prominent large merchant houses would transcend to become Zaibatsu and during this time companies were just beginning to form with little separation between shareholders and management. Their economic growth would surge through World War I, but the gap between the long established Zaibatsu and new Zaibatsu would leave only the largest conglomerates to be operating and controlling a large part of Japan’s economy. It wouldn’t be until post World War II where Japan was ordered to dissolve the Zaibatsus allowing sale of the conglomerate stock. Individual companies were now freed from parent companies, still, though, the shift caused little change in corporate culture as the control and coordination of the previous organization still remained in tact.…

    • 1570 Words
    • 7 Pages
    Superior Essays
    Read More
  • Improved Essays

    Japan's Foreign Response Essay
    • 524 Words
    • 3 Pages

    Japan's Foreign Response Essay

    To begin with, the way China and Japan responded to the West’s increasing pressure to open to trade was very diverse. In the 19th century, after a long period of seclusion, China and then Japan was pressured from the West to open to foreign trade and relations. The Industrial Revolution in Europe had fashioned a vast gap between Japan, China, and the West, consequently, leaving the two Asian nations falling behind in military brute force strength as well as technological advancements. During that period, neither of the two Asian nations had the strength to overtake and overthrow the Western nations.…

    • 524 Words
    • 3 Pages
    Improved Essays
    Read More
  • Superior Essays

    Korean War Research Paper
    • 2041 Words
    • 9 Pages

    Korean War Research Paper

    Compared to other countries in the world such as Britain which underwent industrialization in the 18th and 19th centuries, Korea was very slow in changing from its agrarian society into an industrial society with “technical enterprises and other productive economic activities” . Apart from other reasons, the domination of Japan and the Korean War which bombarded the country to its death were the most prominent ones. However despite other countries’ expectations, president Park Jung Hee, also a military general who ruled the country from 1961 to 1979, was able to not only recover Korea from the wars, but also place the country as one of the greatest economic countries in the whole world. Although many people still criticize him…

    • 2041 Words
    • 9 Pages
    Superior Essays
    Read More
  • Great Essays

    Japanese Economy After Ww2 Essay
    • 1508 Words
    • 7 Pages

    Japanese Economy After Ww2 Essay

    During World War II, Japan suffered an onslaught of air raids, fire bombs, and atomic bombs leaving the nation all but destroyed. Despite this widespread devastation, Japan was able to reconstruct itself in order to become one of today’s leading industrialized economic superpowers. In class, we briefly discussed the United States’ occupancy in Japan between the years 1945 and 1952 as well as the economic miracle that took place during and after the Korean War, which helped launch the country into democratization and modernization. I have thus chosen to gain a more in-depth knowledge of this post-war era, in which I argue that the rapid reconstruction of the Japanese economy during the United States’ occupation and economic miracle was due largely…

    • 1508 Words
    • 7 Pages
    Great Essays
    Read More
  • Improved Essays

    Industrialization In Russia
    • 832 Words
    • 4 Pages

    Industrialization In Russia

    As the industrial revolution became more solidified in western Europe and the United States, the more competitive it got between these Western nations to increase their industrial influence in an international sense. This lead to an imperialist outburst from the West that resulted in a number of pilot projects where machines and factories were established in non-western nations with help and supervision from the West. By doing so, the West was able to create global monopoly in the industrial domain, but at the cost of making industrialization harder for the countries they overlooked (Stearns, p 87). Along with India, the Middle East, Latin America, Africa, and China, Russia was one of the many pilot projects that the West undertook to help…

    • 832 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Moving Business Abroad Case Study
    • 859 Words
    • 4 Pages

    Moving Business Abroad Case Study

    What pertinent aspects of U.S. law should the company be aware of in its goal to do business internationally? Alien Tort Claims Act of 1789, is a law that over the years have become a very important human rights tool for any infringement of a right. “Since 1980, the ATCA has been held to apply to human rights violations by agents of foreign nations occurring outside the United States.” (Sebok)…

    • 859 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Japanese Immigration To Brazil
    • 2095 Words
    • 9 Pages

    Japanese Immigration To Brazil

    This unique strategy has long been a source of admiration from the host society and is often expressed in a popular contemporary saying: `two Japanese make an association, and three found a newspaper` (Maeyama, 1979, p.589). Becoming `an associational people an unorganisational society` ultimately helped them to achieve the middle-class status in Brazil (Maeyama, 1979,p. 589). They also became the most educated part of the Brazilian society (Smith, 1979,p.64). Influential in a change of perception of Japanese in Brazil was also a fact that from the second half of the twentieth century, Japan has…

    • 2095 Words
    • 9 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings