Peter F. Drucker Boxed Set (8 Books) (The Drucker Library)

CHAPTER TWENTY-FOUR

The New Japanese Business Strategies

QUIETLY AND WITH a minimum of discussion, the leading Japanese companies are moving to new business strategies. They are embracing a radically new—indeed, a heretical—theory: doing blue-collar manufacturing work in Japan is gross misallocation of resources and weakens both the company and the national economy. They are also embracing an equally new—and equally radical—theory: leadership throughout the developed world no longer rests on financial control or on traditional cost advantages. It rests on control of brainpower. These companies are also quickly restructuring their organization ...