To Develop a Management Practice model Combining Indian and Japanese Management Model

Authors:

Dr. R.K. Sharma (Manav Rachna International Institute of Research and Studies, Faridabad)

Keywords: Indo-Japanese venture, OEMs, expatriates, FDI.

Abstract:

The automotive industry is a major contributor to India’s economy (4th largest earning segment). The Indian automobile manufacturers face stiff international competition in the wave of all major US and European car manufacturers entering the Indian market.

In this wake of plight Indo-Japanese ventures have proved to be a great financial boon. Japanese corporate engagement with India is 6th largest out of rest contemporaries and still growing strong post economic liberalization and 100% FDI involvement policy. With successful joint ventures such as Maruti Suzuki; Indo-Japanese ventures have taken a foot hold on the four-wheelers in the Indian market.

In this paper study has been conducted on management practice model of japan—their working supply management, quality control management, working ethics basic design and strict world class policies. The paper aims at studying the sustainability of Indo-Japanese ventures and the impact it makes on the Indian economy. The paper deals with the similarities and differences in the aforesaid framework between the countries and how combining the two models would roll out the best of the two dominations and serve the Indian automobile needs as well as demands.

References:

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7.) Japanese Technology Management Innovations, Transferability and the Limitations of “Lean” Production