@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?
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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I think it's more useful to think less in terms of strategic obsession, which is something that I would credit neither large US nor large Japanese firms with as a class, and ask you to instead consider what you do with a class of 45 year old VPs which is surplus to requirements.
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Meanwhile Rakuten, which is one of the largest Japanese pure-play Internet firms, makes >50% of their profit from financial services which are substantially eased by them owning Rakuten Bank (which they acquired back in the late 90s off the top of my head; might want to check).
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