Status of Management and Business Education in Japan How to Internationalize in your Own Environment Toshikata “Toshi” Amino Visiting Professor, Kansai University of International Studies 、 Japan

The Subjects which Management and Business Education Faculty in Japan are recently interested in (1) Domestic Side 1 Competitiveness of Japanese manufacturers against international competitors

Major Reasons ・ Long time sluggish economy in Japan weakened competitiveness of Japanese manufacturers ・ Financial aspect ・ R&D capability ・ Long term investment ・ Tough competition from Asian countries, especially China

Faculty ’ s Interests  How Japanese manufacturers will survive and revitalize themselves?  Studies about “ Winners ” and “ Losers ” “ What is the differences? ” ・ Overall strategy ・ Global advantages ・ Investment for R&D etc

２ Foreign Investment in Japan  Troubled, inexpensive Japanese companies are good targets for foreign investment  Lower stock price of those companies attract foreign investors

Faculty ’ s Interest  It is a new business phenomenon in Japan.  It is worthwhile to watch closely  How foreign investors (Companies) will do business in Japanese business environment ・ Business philosophy ・ Management practices

３ Entrepreneur/Venture Business  Great expectation to venture business which could stimulates sluggish economy and provide employment opportunities  Government efforts for deregulation to encourage entrepreneurs to start business Some colleges offer Entrepreneur Course

Example “ One Yen Company ”  Now you can start your business with one yen as a starting capital of your company (Previously one million yen)  One yen company policy encourage young people to start business

(2) International Side 1 Globalization Process of Japanese companies Case studied of Japanese MNC such as Toyoto, Honda and Sony

(Continues) 2 Global Strategic Alliance between Japanese companies and foreign companies Automotive manufacturers Nissan-Renault Mitsubishi-Daimler/Chrisler

3 Regional Studies  China ・ Manufacturing base for export to Japan based on low labor cost ・ Huge consumer market  Brazil  India BICs  Russia

New Trend in International Business Education in Japan ・ Study Abroad ・ More numbers of business faculty from practitioner group ・ More non-Japanese faculty especially international business area ・ High percentage of foreign students who create more diversified student ｓ community

(Continued)  American style business schools, MBA programs  More emphasis on practical side  More use of case studies  Sister Colleges arrangement

How to internationalize your teaching? Our mission is to help students to open their eyes to the world  Encourage non-international business faculty to include international aspects in their specific teaching field  Examples ・ HRM – Cross cultural issues ・ Logistic – Global move of commodities ・ Accounting – Currency fluctuation

More aggressive use of international executives  Find locally available international business executives  They have stories to tell to your students

Visit International Corporations locally available  Find foreign companies in your area, could be Japanese, German, and Indian  There are many companies who are doing business with other countries

Use Do-it-yourself teaching material  TV Programs  Downloaded material  Video interview to business executives  International video conference  News paper and magazine clippings