[edzillion]

Doesn't Japan have a tradition of long surviving privately held companies? Perhaps there are some lessons there

> Back in 2008, a Bank of Korea report found that of 5,586 companies older than 200 years in 41 countries, 56% of them were in Japan. In 2019, there were over 33,000 businesses in Japan over a century old, according to research firm Teikoku Data Bank. The oldest hotel in the world has been open since 705 in Yamanashi and confectioner Ichimonjiya Wasuke has been selling sweet treats in Kyoto since 1000.

https://www.bbc.com/worklife/article/20200211-why-are-so-man...

I've often wondered why Japan seems to maintain a culture of high quality artisinal work when the rest of the world is trending toward cheaper, lower quality mass produced goods. Perhaps these are related.

[softcactus]

I am not sure. I think that while there are concepts like Kaizen that stress improving efficiency, Japanese businesses don't necessarily optimize for profit as ruthlessly as US companies. They can probably do this due to less disruptive entrepreneurship in Japan + massive conglomerates with no competition.

For example there is a video series of workers in Japan-- the titles are usually like "Daily Life of an X in Japan" and workers are often doing things in their downtime like cleaning the office, detailing the delivery trucks, power washing the sidewalks in front of the business, etc. In the US these practices would be seen as wasteful and would either be ignored, contracted out, or have a dedicated employee to do the work.

Unfortunately the Japanese model has its own shortcomings, but maybe there is a hybrid option that could benefit everyone.