Book written by 1999 Abe Fellow Sanford Jacoby based on his project “Human Resource Managers and the Post-Modern Workplace: A Comparative Study of Japan and the United States.”
What is the best way to run the modern business corporation? What is the appropriate balance between shareholders, managers, and employees? These questions are being hotly debated as scandals and restructurings rattle companies around the world. The standard assumption is that globalization is producing convergence in the way that corporations are managed and governed. Yet this book shows that companies are responding differently to the pressures unleashed by globalization. In the United States, shareholders have emerged as the dominant force while employment has become more transitory and market-oriented. In Japan, shareholders are gaining influence yet employees continue to play a role in strategy and corporate governance. Jacoby, who was awarded an SSRC Abe Fellowship in 1999, traces the persistence of corporate diversity to national differences in economic history and social norms, and, paradoxically, to globalization itself.