matsushita and japan's changing traditions

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Panasonic and Japan's Changing Tradition

Established in 1920, the buyer electronics large Panasonic just visited the cutting edge of the rise of The japanese to the position of key economic electric power during the 1971s and 1980s (before 2009 Panasonic was known as Matsushita). Like a great many other long-standing Japanese people businesses, Panasonic was viewed as a piperacee of classic Japanese ideals based on solid group identification, reciprocal obligations, and loyalty to the firm. Several bloggers attributed Panasonic's success, and this of the Japanese economy, for the existence of Confucian beliefs in the workplace. For Panasonic, employees were taken care of by the business from " cradle towards the grave. ” Panasonic supplied them with a variety of benefits which includes cheap enclosure, guaranteed life time employment, seniority-based pay systems, and generous retirement bonuses. In return, Panasonic expected, and got, loyalty and hard work from the employees. To Japan's postwar generation, battling to recover from the humiliation of defeat, that seemed like a reasonable bargain. Employees worked hard for the higher good of Panasonic, and Panasonic reciprocated by bestowing " blessings” on staff. However , traditions does not stay constant. According to some observers, the technology born after 1964 lacked the same commitment to traditional Japanese principles as their father and mother. They spent my youth in a globe that was richer, wherever Western ideas were starting to make themselves felt, and where the options seemed higher. They did not want to be linked with a company for life, to be a " salaryman. ” These styles came to the fore in the 1990s if the Japanese economy entered a prolonged economic downturn. As the decade progressed, one Japanese firm after another was forced to change its traditional ways of working. Slowly at first, troubled businesses started to put off more mature workers, properly abandoning life-time employment assures. As younger people found this happening, they concluded that...