Dr. APJ in IIML 21ST NOVEMBER, 2012

Excerpts from Made in Japan

Excerpts from Made in Japan

"Share of market is more important to Japanese companies than immediate profitability"

"Outwitting an opponent in some clever deal is not the Japanese are interested in"

"The most important mission for a Japanese manager is to develop a healthy relationship with his employees, to create a family like feeling within the corporation, a feeling that employees and managers share the same fate"

"The concept of lifetime employment arose when Japanese managers and employees both realized that they had much in common and that they had to make some long-range plans

One of the most significant value concepts that we have cherished from ancient times is a term that does not bear simple literal translation, mottainai, which can be pronounces “moat-tie-nigh”. It is a key concept, one that may help explain great deal about Japan, the Japanese people, and our industry. It is an expression that suggests, that everything in the world is a gift from the Creator, and that we should be grateful for it and never waste anything.  To waste anything is considered a kind of sin."

"Struggling for survival under the constant threat of harsh times and natural calamity, attempting to produce goods with a minimum of raw materials, both became a way of life for the Japanese, and so the wasting of anything was considered shameful, virtually a crime."

"When you are told from childhood on that the metal object you hold in your hands comes from iron ore mined in  countries far away, which is transported to Japan at great expense and is produced in furnaces that use gas and coal from other far way places, such objects seem very valuable."

from "Made in Japan"

‎"We proved it in Japan by changing the image of the words "Made in Japan" from something shoddy to something fine. My vision of the future is of an exciting world of superior goods and services, where every nation's stamp of origin is a symbol of quality, and where all are competing for the consumer's hard-earned money at fair prices that reflect appropriate rates of exchange. i believe such a world is within our grasp. the challenge is great; success depends only on the strength of our will."

These are the lines by Akio Morita way back in 1987, in his "Made in Japan". 

Hope this world will come in grasp for us with all our efforts where we can proudly say "Made in India"

A BRIEF STUDY ON FEW CHALLENGES OF TRADITIONAL RETAILER - A RAY OF HOPE TO FDI IN RETAILING

ABSTRACT:

Indian Retail industry is becoming more organized though the percentage is still not a large one to be boasted about. Though all the large business houses of India has already joined the league of organized retail, still there is plenty of scope for others in front end retail operations and especially in back end retail operations. This is the factor that is attracting the top retailers of the world to think their destination as India. Bold decision of Indian government towards FDI in Retail is a lot for foreign retailer, but, the inherent challenges faced by the traditional retailer are also giving a hope to those who have dreams of entering Indian retail arena through FDI. This paper would discuss such few unfocussed issues like decreasing interest of young generation in joining their family business of retailing, new demographic and sociographic profile of Indian consumer which resulted in changes in their preference towards retail shop that they would like to visit for buying different necessities etc. .

Key words: Retailing, Traditional Retailer, young generation retailer, changing demographics, challenges of traditional retailer