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

Question

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In Japan, the traditional management philosophy emphasizes long-term growth and market share, rather than short-term stockholder profit maximization. This is often referred to as the "stakeholder" approach, which values the interests of different stakeholders such as employees, customers, suppliers, and communities, as well as shareholders.

Japanese Managers Focus on Maximizing Market Share Rather Than Stockholder