"Wa," or harmony,is an essential element of Japanese culture and is reflected in the importance of relationship and teamwork in business operations.Canadian businesspersons must understand that they are outsiders within this system.The Japanese operate under _________ capitalism.

Question

Quizplus · Accepted Answer

The importance of relationship and teamwork in Japanese culture reflects a system of capitalism that emphasizes family and community rather than individualism or consumerism. This is often referred to as "family capitalism" or "relationship capitalism," where success in business is largely dependent on a company's ability to maintain harmonious relationships with its stakeholders.

"Wa," or Harmony,is an Essential Element of Japanese Culture and Is