The Consulting Market in Japan: Traditions and Contemporary Challenges
The consulting industry is an essential part of the modern economy. The business of large consulting companies is primarily associated with the American and European markets, but, recently, there has been a development of the industry in the countries of the Asia-Pacific region. The consulting marke...
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| Format: | Article |
| Language: | Russian |
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Nauka
2022-12-01
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| Series: | Ежегодник Япония |
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| Online Access: | https://www.yearbookjapan.ru/jour/article/view/377/360 |
| Summary: | The consulting industry is an essential part of the modern economy. The business of large consulting companies is primarily associated with the American and European markets, but, recently, there has been a development of the industry in the countries of the Asia-Pacific region. The consulting market in Japan is currently developing and it cannot be compared in its scale with the world leaders. This article is devoted to the peculiarities of the formation of the consulting services market in Japan and its impact on the development of the industry. Particular attention is paid to the system of administrative management of the economy and the corporate structure as key factors that allowed Japanese firms to conduct their business for a long time and overcome their problems without resorting to the support of independent consultants. The government organized various committees and bureaus providing consultation to enterprises and entire industries. Non-governmental organizations maintained economic research and contributed to effective communication between the state and business. The grouping system assumed the presence of its own consulting companies that served the members of the group; therefore, there was no need to involve thirdparty contractors. Key factors in the emergence of consulting firms were the globalization and internationalization of Japanese business. Thus, some companies, having entered the world market, faced high competition from other countries and difficulties in doing business in a completely different environment, because of which the demand for consulting services began to arise. Another impetus for the establishment of consulting firms was the introduction of a new system of accounting and the adoption of the new Corporate Governance Code based on international standards. As a result of the analysis, the author concludes that the emergence of the Japanese consulting market much later than in other countries is due to the specific conditions in which Japanese business developed during the second half of the 20th century. However, in order to maintain their status and competitiveness, companies need to reconsider their management principles and outsource to contractors and consultants more frequently. |
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| ISSN: | 2687-1432 2687-1440 |