Is this a good long-term yearly salary review policy? I prefer raises over bonuses because bonuses are quickly forgotten and a raise is a recurring reminder to do a good job.pic.twitter.com/Gl1jpPL3lS
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Neat — I think that behavior contributes greatly to the types of industries where Japan Inc has thrived (autos for example) and failed (software).
The idea being that great software is often a great individual effort while autos and most physical products require much more team coordination?
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I haven’t done business in Japan, so this is all reading second-hand.. The business culture there compliant and hierarchical. That helps you build safe, cheap great cars. Bad for software. You need experimentation and risk-taking at all levels of the org.
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I've done some business in Japan. I think you're right. That said, I am more impressed with the risks a physical product company takes than a software company. Japanese have proven to be risk takers and innovators, though as of late, there are not so many examples.
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