Underwear Model Shows Aging Economy How to Grow: William Pesek – Bloomberg
The graybeards who control Japan Inc. have been slow to embrace Fast Retailing Co.’s expanding brand, or to recognize what they might learn from it. Japan liked being a technology powerhouse, not a bargain clothier that relies on cheap Chinese labor. Yet Japan can use all the fresh thinking it can muster these days and, financially, the end justifies the means. On another list, Forbes magazine ranks Fast Retailing’s President Tadashi Yanai as Japan’s second-richest man.
The lessons to draw from Yanai and Uniqlo are obvious. The markets of the future are outside Japan, and the provincialism that rules Japanese management perpetuates the forces of deflation.
Strange Random Japan Quote:
“Vision without action is a daydream. Action without vision is a nightmare.” – Japanese Proverb
- Steve Jobs Trumps CEO of $5 Trillion Economy: William Pesek (businessweek.com)
- In big global push, Uniqlo aims for retail gold (seattlepi.com)
- Uniqlo’s High-Speed Path Toward World Domination (businessinsider.com)
- Uniqlo: Back to the future (independent.co.uk)
- Fear for jobs ignites English crisis in Japan | Reuters (exitlanguages.wordpress.com)
- Reimagining Japan: The Quest for a Future that Works (japansubculture.com)