Starting in Greece, the current economic
instability is spreading very fast across boarders. Japan is no exception. However,
it is noteworthy that some Japanese companies are enjoying good results and
expanding business in these turbulent days. Fujitsu General recorded the
highest profit in its history by concentrating its resources on the
air-conditioner business. This company is famous as the company that commercialized
the plasma TV for the first time in the world. However, it was not big enough
to capture the market as a diversified consumer electronics maker, and it decided
to focus on the air-conditioner business. Its state-of-the-art air-conditioning
technology contributed to the splendid results. The same is true of Yokogawa Electric. This company specialized in measuring instruments, saying goodbye to
diversification.
Toray records the highest profit in its
history because its functional fibers featured by moisture absorption and thermal
insulation are selling very fast. Komatsu, Japan’s leader in the heavy
machinery industry, has been growing business with the help of GPS-based
advanced follow-up services. Acquiring a big market share is also a big factor
for successful companies. Kuraray has such as a high share of 80% in the films
for flat-screen TVs. The company scored the highest profit. Thanks to the
state-of-the-art technology, Fanuc also enjoys the highest profit in its
history despite the fact that all its products are made in Japan in this high
yen period.
The above companies remind us of the famous
lesson Peter Drucker gave us. He emphasized the importance of developing your strengths.
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