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JSC Business Week 2 Session 2 Sep. 30 2009 Zaibatsu ( 財閥 ) Business tycoons

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

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JSC Business Week 2 Session 2 Sep. 30 2009 Zaibatsu ( 財閥 ) Business tycoons

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  1. JSC Business Week 2 Session 2 Sep. 30 2009Zaibatsu(財閥)Business tycoons Doyoung Park Osaka Gakuin University

  2. 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

  3. Osaka People

  4. Unique Character of Osaka People • Sense of Humor and Comedy Context • Two Historical Factors • Osaka – Traditional business metropolis • Free from serious samurai culture

  5. 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

  6. 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

  7. 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

  8. 大奥

  9. Tokugawa Yoshimune’s Reform • 徳川吉宗(1684－1751）

  10. Merchants over samurai

  11. 5min Break

  12. Powerful Business Tycoons Mitusi(三井)

  13. Echigoya 17C

  14. Mitsukoshi Department Store

  15. 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

  16. 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

  17. Mitsubishi

  18. Mitsubishi Zero Fighter

  19. BMW

  20. Messerschmitt  Me-262A 

  21. Mitsubishi-Battleship Yamato

  22. Mitsubishi television

  23. Nikon

  24. Mitsubishi Tokyo UFJ Bank

  25. Three Famous Zaibatsu • Mitsubishi 42 companies • Mitsui 78 companies • Sumitomo 36 companies

  26. Zaibatsu Impact • Zaibatsu became an Asian business model

  27. Hyundai

  28. Black Panther

  29. Hyundai- Chaebol(Zaibatsu) Insurance company shipyard

  30. 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

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