JSC Business Week 2 Session 2 Sep. 30 2009

Zaibatsu( 財閥 ) Business tycoons

Doyoung Park

Osaka Gakuin University

Last Session Review

Unique family system of Japan Family house as a company Affiliation rather than the blood relationship Householder and functional members Loyalty and reward Loyal employees and long-established

business

Osaka People

Unique Character of Osaka People

Sense of Humor and Comedy Context Two Historical Factors

Osaka – Traditional business metropolis Free from serious samurai culture

Merchants’ Metropolis

Edo New center of early modern economy Growing market

Kyoto Conventional market Center of the traditional culture

Osaka Supply outpost Kitchen of Japan

Poor Daimyo and Rich Merchants

Daimyo bankruptcy Sankinkodai, Tenkafushin Luxurious life

Daimyo’s dept From merchants in the three cities(Edo, Kyoto, Osaka) Default status

Poor local prefecture Closing country

Shogunal monopoly of international trade

Shogunal expense

Enormous money to maintain the shogunate Ohoku( 大奥 )

women for shogun 1000-3000 Concubines and female servants Average salary for concubines was 20 million yen

大奥

Tokugawa Yoshimune’s Reform

徳川吉宗 (1684 － 1751 ）

Merchants over samurai

5min Break

Powerful Business Tycoons

Mitusi( 三井 )

Echigoya 17C

Mitsukoshi Department Store

Mitsui Group

Est. in 1876, Mitsui Bank and Mitsui & Co. Originated from the kimono shop, 1673

Echigoya 　－　 Mitsukoshi Finance company In Kyoto for the shogunate

Biggest Zaibatsu before WWII Shrunken by GHQ

Zaibatsu( 財閥 )

A Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed for control over significant parts of the Japanese economy from the Meiji period until the end of the Pacific War

Konzern Officially abolished but still exists

Mitsui( 三井 ) Group Mitsubishi( 三菱 ) Group Sumitomo( 住友 ) Group

Mitsubishi

Mitsubishi Zero Fighter

BMW

Messerschmitt  Me-262A 

Mitsubishi-Battleship Yamato

Mitsubishi television

Nikon

Mitsubishi Tokyo UFJ Bank

Three Famous Zaibatsu

Mitsubishi 42 companies Mitsui 78 companies Sumitomo 36 companies

Zaibatsu Impact

Zaibatsu became an Asian business model

Hyundai

Black Panther

Hyundai- Chaebol(Zaibatsu)

shipyard

Insurance company

Zaibatsu

Traditional type of Japanese enterprise Parent company and subsidiary companies Monopoly Close relationship with politics Family owned Apparently abolished by GHQ after the war Virtually still exists Holdings,Co., LTD