Wu Yuenong: Japanese Manufacturing and Entrepreneurship From the Perspective of Product Competitiveness

Release time:2022-11-16Author: Wu Yuenong

This paper first analyzes the competitiveness of Japanese products through Sino-Japanese trade data. Japan is the world leader in the fields of high-quality household goods, electromechanical products, chemical products, transportation equipment, base metals and products, optics, clocks and medical equipment, and semiconductor materials. Then, it analyzes the factors of Japan's manufacturing advantage, and points out that Japan's opening policy and the early start of industrialization are important factors, especially the rapid development of modern heavy industry. Strong industrial manufacturing advantages, scientific and technological innovation advantages, strong financial strength, and the promising leadership of the government are the four pillars for Japan to become a stable manufacturing power. Finally, this paper points out that the biggest key of Japanese manufacturing lies in man, and sums up four Japanese entrepreneurial spirit that we should learn from: 1. The entrepreneurial culture of opportune time, geographic advantage, popular support, wisdom, benevolence and courage. 2. Respect the creativity of employees. 3. Refine the pure soul of entrepreneurs. 4. Pragmatic focus and lasting inheritance.