3 Key Concepts we can learn from Japanese Business Management to confront VUCA today

Since the dawn of Industry 4.0, companies have been scurrying to understand the context and the implication of digitalization, and have since immersed so deeply in the trend and confusedly implementing the technologies even in the absence of a strategic vision. With a page where digital transformation is written mainly, is turned, the world has become inevitably more volatile, uncertain, complex and ambiguous.

Recently, I’ve just completed a great online course on “Japanese Business Management” from Waseda University (Edx) — https://www.edx.org/course/japanese-business-management. This course provided me with wonderful insights on the formation of Japanese culture and its Management style, and some key ideas which can be considered to confront the VUCA world today.

Rapid Economic Growth: Electronics Vs Automobile Industry

Before we dive into the key concepts, I thought it will be interesting to share what I’ve learnt in the course on the architectural differences of 2 major industries (Electronics and Automobile) and its effect it has for Japan; where these industries have achieved such great successes in the 80s but have diverse differences in product sustainability today.