4:16 "For them, focusing on their communities, customers, and employees, not shareholders, is the secret to longevity." SAY IT LOUDER FOR THE CORPORATIONS IN THE BACK. 🙌🙌👏👏
I was fortunate to have lived, studied, and worked in Japan because of a Fulbright Scholarship. Our cultures have much to learn from one another. I am privileged to continue working with, and learning from the Japanese people.
I loved this segment. It is truly amazing seeing some companies last through multiple generations. Also I've been to Nara, and it's a gorgeous little city. Especially Nara park with the deer and nearby temples.
A valuable take-away: these successful companies do not kowtow to the profit-above-everything mindset of shareholders. Instead they are invested in their communities, customers and employees. America, take note. Learn something.
Love the respect Japanese always show for ancient tradition and reputation (mom remembers the deer of Nara, family was friends with Mickey Sen, whose family founded the tea ceremony). Didn't know Nintendo started as a card company. Definitely a country to boycott Oppenheimer! :)
3:09 - "We could go for short-term gains or chase fads, but pursuing big profits can only lead to ruin." Said the owner of a company that has thrived *_since the year 1141_* . With that kind of cred you'd think businesses everywhere would be taking very careful notes every time he speaks. You'd think.
Too bad this tradition does not cross international borders as Sapporo decides to liquidate Anchor Brewing Company. I guess their purchase of ABC only 6 years ago equates to maintaining that tradition and more important than investing in a company that started 127 years ago.
Companies and organizations that focus on quality, customers and client service over profits and short term gains _always_ weather rough patches and the test of time.
Don't stop there. Read all about how the Western civilization were built from brutalizing a lot of people throughout history. Start with how they destroyed the civilization of native Americans. Then go on to how they do the inquisition, and the colonization of Africa, and how they try to exterminate groups of people in WW2. IT'S EVEN MORE BRUTAL.
To bad that our Country hasn't seen these benefits. True Heritage as to one's memories are nothing to the Big businesses which only care about their bottom lines.
My (alternative) interpretation: Japan has very few entrepreneurs (presently) and very few small companies that grow into very large ones. So, my hypothesis, one reason that these companies in Japan have stayed in business so long is that they have faced very little competition.
These companies are also innovative and deliver high quality goods and services. Otherwise they cannot stay in business despite little competition because demographics and tastes change over time.
According to the site Statista (UA-cam doesn’t allow links in comments) the US has close to ten thousand beer breweries. This comparison isn’t normalized for population size. But, it does give a sense of how few of these companies there are relative to the same type of popular alcoholic drink in the US.
4:16 "For them, focusing on their communities, customers, and employees, not shareholders, is the secret to longevity."
SAY IT LOUDER FOR THE CORPORATIONS IN THE BACK. 🙌🙌👏👏
I loved that their focus was on community, customers and employees and not on stakeholders is the secret to longevity. ❤❤❤
Focusing on employees, not shareholders, where did I write that this morning?
Wonderful story. Thanks CBS news.
I was fortunate to have lived, studied, and worked in Japan because of a Fulbright Scholarship. Our cultures have much to learn from one another. I am privileged to continue working with, and learning from the Japanese people.
I loved this segment. It is truly amazing seeing some companies last through multiple generations.
Also I've been to Nara, and it's a gorgeous little city. Especially Nara park with the deer and nearby temples.
A valuable take-away: these successful companies do not kowtow to the profit-above-everything mindset of shareholders. Instead they are invested in their communities, customers and employees. America, take note. Learn something.
how's that conservative stability over growth working out for them as a country?
@@kayod2356 How is it going for most people in the US?
@@kayod2356How's the middle class and increasing wealth gap doing in America? 😢😢
The wise ways of Japan. Congratulations in keeping your heritage alive and well.❤
lovely piece thank you
Japan is a country the rest of the world could learn a lot of positive habits from
Yeah, corporate America could learn a thing or two if they’d check their greed!
Japanese culture is one of the best .. always appreciate 🙏🏼
The US should adopt this plan; focusing on people/customers not share holders!!!
Love Japanese tableware such as fork and chopsticks. Also, like their porcelain bowls and plates. Japanese food and alcohole also deserve a mention.
I would love to visit and shop in Japan again. I could buy some sake and stay in a luxury hotel.
I love Japan.
Love the respect Japanese always show for ancient tradition and reputation (mom remembers the deer of Nara, family was friends with Mickey Sen, whose family founded the tea ceremony). Didn't know Nintendo started as a card company. Definitely a country to boycott Oppenheimer! :)
3:09 - "We could go for short-term gains or chase fads, but pursuing big profits can only lead to ruin." Said the owner of a company that has thrived *_since the year 1141_* .
With that kind of cred you'd think businesses everywhere would be taking very careful notes every time he speaks. You'd think.
Amazing
Too bad this tradition does not cross international borders as Sapporo decides to liquidate Anchor Brewing Company. I guess their purchase of ABC only 6 years ago equates to maintaining that tradition and more important than investing in a company that started 127 years ago.
The mid life crisis must hit hard as the 46th person to run that hotel....realizing you never actually did what you wanted with your life.
Companies and organizations that focus on quality, customers and client service over profits and short term gains _always_ weather rough patches and the test of time.
PEOPLE PLEASE READ ABOUT UNIT 731. ITS BRUTAL.
Don't stop there. Read all about how the Western civilization were built from brutalizing a lot of people throughout history. Start with how they destroyed the civilization of native Americans. Then go on to how they do the inquisition, and the colonization of Africa, and how they try to exterminate groups of people in WW2. IT'S EVEN MORE BRUTAL.
Wow. What a great story. Nothing in America lasts very long at all
LONG LIVE INDIAN JAPANESE FRIENDSHIP AND MUTUAL UNDERSTANDING
To bad that our Country hasn't seen these benefits.
True Heritage as to one's memories are nothing to the Big businesses which only care about their bottom lines.
I found it interesting that none of the company presidents were interviewed in English.
Why do you think they should interview with english
I found it is interesting about your attitude
@@hkkim9181 That is not what I said. You have misread my comment. It shows a sign of respect that they did not interview them in English.
@@linengray thank you
And I understood what exactly you mean,,,Sorry^&^
Nintendo's seal of approval is questionable if you look at their eshop.
My (alternative) interpretation: Japan has very few entrepreneurs (presently) and very few small companies that grow into very large ones. So, my hypothesis, one reason that these companies in Japan have stayed in business so long is that they have faced very little competition.
You don't think there is competition in the sake market? Last count was there are over 1500 sake companies in Japan.
These companies are also innovative and deliver high quality goods and services. Otherwise they cannot stay in business despite little competition because demographics and tastes change over time.
According to the site Statista (UA-cam doesn’t allow links in comments) the US has close to ten thousand beer breweries. This comparison isn’t normalized for population size. But, it does give a sense of how few of these companies there are relative to the same type of popular alcoholic drink in the US.
Interesting! Do you have an example?
There are thousands of ryokan (traditional hotels) that all compete with each other.
The secret is there is no choice in profession. If you come from a hotelier family you better believe you will go into no other field.
And your whole life is to be jealous of others.
Japanese culture proves t g at traditional ways and respect are two main ingredients for longevity and happiness.
❤
NOT a Communist party country ....😊
Capitalism makes, communism takes
Pulled that one out of your nethers
Capitalism makes some people rich and leaves the rest out.
@@marryellenmonahan5585 can you name a better economic system that pull people out of poverty?
That'd cool
wow...
In Japan the customer is God…..Okyakusama wa kamisama desu.