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Features of Development of High-Tech Japanese Multinational Companies in the Globalization
Petrenko K. V., Savchenko K. Y.

Petrenko, Kateryna V., and Savchenko, Kateryna Yu. (2020) “Features of Development of High-Tech Japanese Multinational Companies in the Globalization.” Business Inform 3:40–45.
https://doi.org/10.32983/2222-4459-2020-3-40-45

Section: Globalization Processes in the Economy

UDC 339.944

Abstract:
The article is aimed at researching the peculiarities of development of Japan’s high-tech TNCs in the context of globalization and obtaining a coherent picture of the historical, organizational, innovation-technological features of the development of TNCs. The task of the research is analyzing and evaluating the historical, organizational, innovation-technological features of development of Japanese TNCs on the example of Toyota Motor Corporation. It is specified that for the rapid technological growth of transnational companies and the country as a whole, Japanese entrepreneurs have accumulated and reinvested profits exclusively in the sphere of scientific development and innovation. Continued development and research of the above mentioned spheres will provide leadership in a globalized society. The authors research one of the largest Japanese TNCs, Toyota Motor Corporation, successfully active in the automotive industry. The emphasis is placed on the fact that the main feature of the company is the huge costs of research and development, cooperating with startups, while this cooperation be called the exception rather than the rule. Innovations occur on the basis of continuous improvement through training. Improving quality, problem-solving comes at the expense of working groups. However, Toyota’s significant secrecy of organizational culture reduces the ability to be institutionally flexible when problems needs a quick solution. It is concluded that with a reliable public-private partnership Japanese companies, investing in research and development of foreigners, improved them and produced a new technological product, which allowed them to a rapid growth.

Keywords: transnationalization, TNC, globalization, development, Japan.

Fig.: 2. Tabl.: 1. Bibl.: 10.

Petrenko Kateryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economy, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: [email protected]
Savchenko Kateryna Yu. – Student, Faculty of Management and Marketing, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: [email protected]

List of references in article

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“Mirovoy atlas dannykh. Yaponiya“ [World Data Atlas. Japan]. https://knoema.ru/atlas/Япония
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Petrenko, K. V. “Problemy depresyvnosti ta hlobalnosti v ukrainskomu konteksti“ [Problems of Depression and Globality in the Ukrainian Context]. Formuvannia rynkovykh vidnosyn v Ukraini, no. 9 (2011): 192-195.
“WORLD INVESTMENT REPORT 2019“. Special Economic Zones. https://unctad.org/en/PublicationsLibrary/wir2019_en.pdf

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