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Essay / Research Paper Abstract
A 6 page paper based on Harvard Case 399-102, chronicling the paths of Philips and Matsushita in becoming global companies. Matsushita has had more success overall; the purpose here is to identify issues that have been key for each and to comment on those key issues leading to recommendations for the companies. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: CC6_KSmgPhilMat1998.rtf
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Unformatted sample text from the term paper:
113 (not part of the case), 114, 115, 117, 119, 121, 123, 125, 127, 130, 128, 120 in Fax 1. Fax 2 contains 130 (duplicate), 128 (dup), 126, 124,
122, 120 (dup), 118, 116, 113 (dup & not part of the case). Creating this list led to the realization that odd pages basically were in one file, even
in another and the even pages appeared in reverse order. The realization enabled me to do the paper, but it still lacks final conditions for Matsushita in 1998. Executive
Summary The Asian perspective of time long has been an enigma for Western managers. It likely is not represented anywhere with more
clarity than in the fact that the founder of Matsushita established a 250-year corporate plan for the company. Konosuke Matsushita announced the plan in 1932, in the early years
of the Great Depression when immediate conditions suggested that business would never be quite the same. One of the many "Matsushita-isms" constituting guiding
principles of the company is "Unsuccessful business employs a wrong management. You should not find its causes in bad fortune, unfavorable surroundings or wrong timing" (Bartlett, 1999; p. 123).
Globalization, intense competitive pressure and trends toward alliances between competitors in recent years have contributed to the revelation of the wisdom of that statement. The face of business
has changed dramatically over the past generation, but the basic premises have not. The experiences of Philips and Matsushita illustrate the value of balancing plans for long- and short-term.
Issues Declining results in Philips and Matsushitas home countries led each company to realize it needed to expand beyond its home countrys borders.
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