Make Japan Inc. Great Again

By • on September 13, 2017

The JapanTimes website noted that while Apple, Google and Facebook “openly innovate,” traditional Japanese firms still conduct research and development behind closed doors. The main reason Japan lacks “open innovation” is the nation’s HR systems, which promote employees based on age rather than merit. Policymakers must implement meaningful and comprehensive labor reforms. Not doing so will hamper the relocation of human resources to their best use through “open innovation” and other forms of creative destruction.

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Image via Flickr.

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