Japan Business going abroad

Running Head : BUSINESS CULTURE AND SOCIAL TRADITIONS OF JAPAN

The Specifics of Business Culture and Social Traditions of Japan

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Contents

Basic Facts about Business Environment in Japan .3

Business Culture of Japan .5

Traditional Views on Business in Japanese Society .5

The Main Values of Business Culture in Japan .5

Organizational Culture in Japan .7

Strategies of Communication and Building Business Relationships .8

Business Etiquette .9

Social Customs and Traditions of Japanese Society .11

p Specifics of Social Interaction in Japan .11

Impact of Religion and Ancient Cultural Traditions on Modern Social Life .12

Cultural Nuances of Informal Social Interaction .12

Conclusion : Recommendations on Developing Effective Cross Cultural Competence When Doing Business in Japan .14

Appendix .15

References .17

Visuals .18

The Specifics of Business Culture and Social Traditions of Japan

Within the last decades , a tendency for massive internationalization and globalization of economic activity has been developing in modern business circles . Economic globalization and international expansion bring new ample opportunities for world 's business structures , open the doors for foreign trade and commerce , and benefit economic growth and social welfare . That is why the number of multinational corporations and associations is rapidly growing . Within the scope of this tendency , it is hard to imagine a motivated manufacturing or commercial institution which does not seek expansion of its economic perspectives and does not look for an occasion to raise its commercial ambitions to much higher levels

If a business organization or structure plans to expand its activities and break into international business environment , it is absolutely essential for its management to be aware about all various cross-cultural backgrounds and communicational challenges , which can be faced when establishing business contacts with overseas partners . Before starting doing business abroad , it is necessary to study thoroughly all possible issues related to cultural and historical traditions , customs etiquette , the key values of foreign business culture , approaches and expectations , as well as social attitudes and standards . This report summarizes the findings about social and business culture of contemporary Japanese society and provides several recommendations for those , who intend to start doing business in Japan

Basic Facts about Business Environment in Japan

The Japanese market is very well-developed and mature . Its capacity is about 127 million people with relatively high incomes . The economy of the country has already recovered after the crisis of the beginning of the 1990s , and currently Japan has the world 's 2nd largest economic system . In 2004 the country 's GDP growth remains quite moderate : 2 .6 (Enterprise Ireland , 2005 . On a global scale , Japan was one of the last countries to start adopting international industrialization and opening its industrial sectors for overseas investors , businessmen and foreign producers . Within the last decade , the country 's imports have been steadily increasing , coming up to 18 .8 in 2004 (Enterprise Ireland , 2005 . The Japanese government actively supports and promotes foreign investors giving them extremely favorable opportunities to develop their business

Japan is governed by the Emperor and bicameral Parliament...