The japanese concept of a company coalition of suppliers is
Options:
| A. poka-yoke. B. kaizen. C. keiretsu. D. dim sum. E. illegal. |
The Correct Answer Is:
- C. keiretsu.
The Japanese concept of a company coalition of suppliers is best represented by option C: “keiretsu.” Keiretsu is a fundamental and widely practiced business structure in Japan, which forms a close-knit network of companies and suppliers working together for mutual benefit.
This cooperative approach helps foster long-term relationships and promotes stability and reliability in the supply chain, which is essential in the Japanese business culture.
Keiretsu is the correct answer because it encapsulates the concept of interdependence and cooperation between a parent company and its suppliers. In a keiretsu system, a large corporation, known as the “parent” or “core” company, maintains strong relationships with a group of affiliated companies, including suppliers, manufacturers, and distributors.
These affiliated companies work closely together, often having cross-shareholdings and close ties, both financially and operationally. The goal is to ensure a reliable and stable supply of goods and services while also sharing resources, knowledge, and support.
Keiretsu is a key feature of Japanese corporate culture and has contributed to the country’s economic success. This approach encourages trust, fosters innovation, and supports a long-term perspective rather than a focus on short-term gains.
It also emphasizes the importance of loyalty and collaboration, as companies within the keiretsu system tend to prioritize each other over external competitors. This collaborative structure has been particularly prevalent in industries such as automotive and electronics.
Now, let’s examine the other options and explain why they are not correct:
A. Poka-Yoke:
Poka-Yoke is a Japanese term that refers to error-proofing or mistake-proofing. It involves implementing mechanisms in the manufacturing process to prevent or detect errors and defects. While this concept is important for quality control, it is not directly related to the idea of a coalition of suppliers, as represented by keiretsu.
B. Kaizen:
Kaizen is another well-known Japanese concept, often translated as “continuous improvement.” It focuses on incremental and ongoing improvements in processes, products, and operations. While kaizen is an essential part of Japanese business philosophy, it does not specifically pertain to the cooperative relationship between a parent company and its suppliers, as described by keiretsu.
D. Dim Sum:
Dim Sum is a traditional Chinese cuisine consisting of a variety of small, flavorful dishes often served in bamboo baskets. It is not a business concept and is unrelated to the topic of supplier coalitions or Japanese business practices.
E. Illegal:
This option is not correct because keiretsu is a legal and widely accepted business practice in Japan. It is a fundamental aspect of the Japanese corporate landscape and plays a crucial role in the country’s economic structure. It is neither an illegal nor an unethical business model; instead, it represents a unique approach to fostering strong business relationships and ensuring the stability of the supply chain.
In summary, the Japanese concept of a company coalition of suppliers is best captured by “keiretsu.” This term embodies the idea of a close-knit network of companies and suppliers collaborating for mutual benefit, with a focus on trust, stability, and long-term relationships.
The other options, such as poka-yoke, kaizen, dim sum, and illegal, are not relevant to this concept and do not represent the specific business practice of keiretsu in Japanese culture.
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MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,