Why has Japans lost decade become the lost two decades? This book attempts to provide a novel perspective on causes of stagnant productivity growth of the Japanese corporate sector during the lost two decades. Exploiting the corporate financial dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy of firms in good standing were responsible for sluggish reallocation of productive resources after the recovery of zombie firms. The questions taken up in the book include: How can zombie firms be properly identified only on the basis of financial data? Why did a majority of zombie firms eventually recover? Why did the productivity and profitability of the corporate sector as a whole remain low even after the recovery of zombie firms? Why did firms in good standing stick to an excessive conservative financial policy and seem reluctant to invest for innovation? What can be the effective prescription to revitalize these firms in good standing? Supported by both in-depth data analyses and rich anecdotal evidence, this book is highly recommended to readers who seek a convincing and comprehensive explanation of Japans lost two decades from the financial and corporate behavioral points of view.
Seminar paper from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of applied sciences, Cologne, course: Master of Business Administration - Soft Skills and Leadership Methods, language: English, abstract: The following assignment consists of a theoretical overview about leadership and the characteristics of professional service firms as well as an analysis of the existing leadership model in professional service firms and the case for change in this topic. Starting with the general definition of leadership, the assignment shows two different leadership models. On the one hand the assignment illustrates the situational leadership developed by Paul Hersey and Kenneth H. Blanchard and on the other hand the full range of leadership models adapted from Bass & Riggio. In the next part the specific characteristics of professional service firms are illustrated, including the governance form and the knowledge as one primary asset. In this part the first theory-praxis transfer is made through analyzing the current leadership model using the situational leadership as well as the full range of leadership models. The characteristics of professional service firms leads in the next chapter which deals with the existing changes and uncertainty in the market and the facing challenges for professional service firms which need to be managed. In this context of change, challenges and the existing talent war leadership is one of the primary factors for the success of these firms. Therefore the theory-praxis transfer is made through the alignment of the illustrated leadership models and the characteristics of professional service firms in relation to the facing challenges. The alignment shows that the existing business model of professional service firm has to change in different components including the organizational structure as well as the common leadership model. Without changing the approach of leadership or even without any leadership professional service firms will lose their talents, carrying their specific knowledge to competitors. The conclusion closed with a recommendation of a leadership model as well as relevant factors for a successful implementation considering the specific governance form of professional service firms especially the powerful position of partners.
Expert advice on growing your professional service firm or individual practice through social media. Showing professionals and their marketers how to accomplish familiar marketing tactics in newer, ways, Social Media for Professionals and Their Firms takes you step by step in putting social media to work for your professional practice. Whether you want to build your own on-line reputation, or are ready to explore new media for corporate marketing and communications, this book is the definitive guide for your strategic approach. Explores why the fastest and most leveragable way to expand relationships today is through the Internet. Provides step-by-step approaches to successful professional blogging. Discusses high-level strategies for effectively using Twitter, LinkedIn, Facebook, and bookmarking sites. Includes pitfalls and success stories featuring notable social media trailblazers. Timely and practical, this book shows you why new media is rapidly becoming the core way for professionals to reach their audiences. Whether your firm provides legal, accounting, financial planning, architecture, consultancy, or other services, Social Media Strategies for Professionals and Their Firms will show you ways to better reach and communicate with your customers. 1. Language: English. Narrator: Elisa Carlson. Audio sample: http://samples.audible.de/bk/acx0/002063de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.