Japanese managers focus on maximizing market share rather than shareholder wealth.

Question

Quizplus · Accepted Answer

This is often attributed to the traditional Japanese business philosophy of "sanpo yoshi," which values the satisfaction of all stakeholders (customers, employees, and society) rather than solely focusing on maximizing shareholder profits. As a result, Japanese managers tend to prioritize maintaining and expanding market share as a means of ensuring the long-term success and stability of the company.

Japanese Managers Focus on Maximizing Market Share Rather Than Shareholder