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Evaluate the economic strengths and weaknesses of Japanese Keiretsu Groups.
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Evaluate the economic strengths and weaknesses of Japanese Keiretsu Groups The Japanese Keiretsu has kept on growing, there are many definitions of what a Keiretsu are and how they actually operate. Keiretsu's can be understood by 'financial Keiretsu' this one of there meanings. The so-called financial Keiretsu correspond roughly to the post war descendants of the pre-war Zaibatsu groupings. The largest six groups are Mitsui, Mitsubishi, Fiji, Sumitomo, Sanwa and Dai-ichi Kangyo. While some smaller groups exist which are called financial Keiretsu. The term Keiretsu actually refers to the importance of 'networking' which is in principle of organizing the economic life in Japan. Networking takes the form of a group of firms associated with the same 'main bank', a trading company. The definition of the pre-war Zaibatsu is closely linked to Keiretsu groups but the Zaibatsu were destroyed by forces such as the USA 1946-1947. The principle distinction is that Zaibatsu...
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