@patio11 Hey Patrick, Japan question: Anecdotally, it seems like most big Japanese brands are actually conglomerates with drastically diverse product lines. Does this check out?
A bit of empire building, a bit of corporate culture, a bit of structural issues internal to firms (insurance legendarily exists as a way for outgoing local management to monetize their social capital by selling insurance to their previous reports/offices), a bit regulatory, etc.
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One example for you is banking. If Google were a Japanese company, Google would *absolutely* own a bank by now. I predict with relatively high degree of confidence that every time Google has that discussion somebody says "Become a bank holding company OH HELL NO."
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Do you think American co's are more obsessed with dominating the market of their core products where as Japanese co's are more obsessed with broadening their product line into other verticals?
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