Panasonic by Kevin https://padlet.com/heffernank4/6mmiv1s22t3x Group Exercise en-us 2017-10-18 10:45:30 UTC 2025-09-24 05:45:52 UTC hello@padlet.com TURKEY https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158164 1.  "They grew up in a world that was richer, where Western ideas were beginning to make themselves felt and where the possibilities seemed greater. They did not want to be tied to a company for life, to be a ‘salary man’."

2. They changed their traditional Japanese values into Western values like in USA because "it represented the beginning of a revolution in HR practices "

3. First they had benefits like: loyalty and hard work because they were providing a wide range of benefits like lifetime employment, cheap housing, seniority based pay systems, and generous retirement bonuses so people were "cradle to the grave".
Traditional values didn't become a liable because "Slowly, at first, troubled companies started to lay of older workers, effectively abandoning lifetime employment guarantees. As young people saw this happening, they concluded that loyalty to a company might not be reciprocated, effectively undermining one of the central bargains made in post-war Japan."

4.They start to have a democratic approach with their employees in order to encourage individuality and the ambition of the new generation.
The problem is the old staff. They're not ready to abandon traditional system to the new one. So the answer is A.

5. businesses can progress and make better change only when the culture of the population is ready to do so. They need to provide training to their old employees so the thy will be able to identify themselves to the new values of the companies. Business must adapt to the new cultures all the time in order to success.
 ]]> 2017-10-18 10:50:13 UTC https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158164 CUBA https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158270 1) “They grew up in a world that was richer, where Western ideas were beginning to make themselves felt and where the possibilities seemed greater. They did not want to be tied to a company for life, to be a ‘salaryman’.” This is starting to change traditional values in Japan because people were starting to stray from the “lifetime employment” mentality. It started a shift from a group-oriented society to a more individualistic system. The new workers values had changed in comparison to their parents as the workers were becoming individualistic in the workforce and prioritise their needs above the companies.

2)“The cultural and organisational changes that enabled the company to better exploit these new growth opportunities.” Since companies are becoming more business and financially focused, they are progressing towards a bigger profit much quickly. This is bringing in more money for Japanese companies in turn bettering the Japanese economy. 

3)Traditional japanese culture benefited Matsushita because it provided them with a very loyal workforce. The benefits they offered employees were returned in excellent work ethic and dedication. “Several commentators attributed Matsushita’s success, and that of the Japanese economy, to the existence of Confucian values in the workplace” People in the traditional system were rewarded based on seniority, however this became a liability when Japan experienced an economic slump. Companies had to lay off “lifetime employees” which created a sense of uncertainty within its workforce. This model worked for the previous generation but when young people started developing new ideas about the way things should be the system changed. “As young people saw this happening, they concluded that loyalty to a company might not be reciprocated, effectively undermining one of the central bargains made in post-war Japan.”

4)They are trying to achieve a more proactive work environment while adapting to the changing culture. The challenges with implementing the new system include having to cut employment and spending, resulting in letting many people go. In addition to this, those who were benefiting from the new system did not want to give into the new system. “It has begun to sing the praises of democratisation of employees, and it has sought to encourage individuality, initiative taking, and risk taking among younger employees.” Although these changes are going to positively affect their business practices, they will not happen quickly. Change is going to be gradual and happen slowly. If the changes are made too quickly, it will seem as if the company is straying from their core values and the transition would not be as smoothe. 

5)It teaches that societal culture is guaranteed to change over time and businesses must adapt in order to be successful.

]]> 2017-10-18 10:50:48 UTC https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158270 Vietnam https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158321 1. During the 1990s, Japan's economy began to slow that force many Japanese companies to abandon their traditional ways of doing business like lifetime employment. The younger generation, which grew up in a world that was richer, where Western ideas were beginning to make themselves felt and concluded that loyalty to one company might be not the best for themselves. The change is affecting culture whereas employees are not willing to be salary-men anymore and do not want to be tied with one company for life.
2. The company to start hiring less workers because of the average age of the workforce is rising and employment time of the current employees. Implication that would be good retirement benefit so that employees not need to stay 
3. during the past Panasonic follow the traditional Japanese culture they provided the worker with a range of benefit like living in the cheap house etc. and the company expect the workers to have the loyalty of the company and work harder in return.

]]> 2017-10-18 10:51:03 UTC https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158321 RUSSIA https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158343 1) Growing up in a richer world, new generations decided to have a different lifestyle than previous  generation of Japanese workers. Globalisation made the western lifestyle more desired what caused economic drop of Japanese economy in 1990's. Japanese companies started to change their norms of employment and contracts, making them more suitable for younger workers and also abandoning lifetime employment guarantees.

2) Freedom of choice of the preferred type of the contract gave employees more possibilities of developing their careers. After the change companies were in need to cut a significant number of jobs. Despite reducing jobs companies started to invest in different industries what helps to develop in more dynamic way. The result of the change is becoming positive since 2003 when  Matsushita got to the break even level (profits equals costs) and then in 2004 they started to generate constant profit.

3) In this period of time we can notice that company provided an enormous perks for it's employees. Thanks to that workers were loyal to  Matsushita. 

4) New policy was created to push employees to have more individualistic, initiative and risk taking attitude. ]]> 2017-10-18 10:51:11 UTC https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158343 CHINA https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158696 1.The new generation was influenced  by the western culture and a rich world. So they didn't want to be loyal to a company for their whole life and they wanted to take risks to gain more money.  Being independent and having more options was one of the main reasons.
2. The new changes in the culture brought a new system in the Japanese business industry.  as the younger generation involves them into the business it helps the company be more productive and creative. New changes in the payment scheme had been offered from CEO's, there was some sacrifice about the retirement bonus but receiving higher salary. Those have some impacts slowing growth. whereas in the long run those new implements also helped company for new growth opportunities .]]> 2017-10-18 10:53:03 UTC https://padlet.com/heffernank4/6mmiv1s22t3x/wish/198158696