EAN: 9789811994562

HISTORY OF INNOVATIVE ENTREPRENEURS IN JAPAN - ...

This is the first Open Access book introducing more than 20 of Japan's leading innovative
entrepreneurs from the 17th century to the present. The author outlines the innovative business
models created by entrepreneurs including SoftBank's Masayoshi Son  Fast Retailing (Uniqlo)'s
Yanai Tadashi  Honda's Soichiro Honda  Sony's Akio Morita  Panasonic's Konosuke Matsushita  and
Toyota's Kiichiro Toyoda  as well as their predecessors including Takatoshi Mitsui of Mitsui
Zaibatsu  Shibusawa Eiichi of Daiichi Bank. While introducing the innovators  the author also
raises three broader questions: 1. Why did Japan industrialize earlier than any other country
outside Europe and the United States? 2. Why was Japan able to realize unsurpassed economic
growth between the 1910s and the 1980s? 3. Why has Japan's economy stagnated for more than 30
years since the 1990s? Drawing upon analytical concepts including Schumpeter's breakthrough
innovation  Kirzner's incremental innovation  and Christensen's disruptive innovation  the
author contends that Japan's successes were based on unique and systematic breakthrough
innovation and an accumulation of incremental innovation  while it later fell victim to a
combination of breakthrough innovation from advanced countries and disruptive innovation by
developing nations.

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