Premium Essay

Kongo Gumi

In: Business and Management

Submitted By nyokwach
Words 6387
Pages 26
[pic]

TABLE OF CONTENTS
EXECUTIVE SUMMARY 4

INTRODUCTION 5

KONGO GUMI ENVIRONMENT 7

Feudal Japan 8

The Restoration of Edo 8

The Meiji Restoration 9

World War 1 12

The Mid War Period 13

World War 2 15

The Occupation of Japan and Post War Reconstruction 16

The Economic Miracle 17

The Lost Decade 18

Global Financial Crisis 19

Natural Disasters 20

Abenomics 21

STRATEGIES KONGO GUMI USED TO SURVIVE TURBULENCE 23

Kongo Gumi in the 20th Century 23

Meiji restoration 23

The Mid War Period 24

World war 11 24

KONGO GUMI WOULD HAVE SURVIVED IF: 25

WOULD KONGO GUMI HAVE SURVIVED IF IT MADE IT THROUGH TO THE ABENOMICS ERA? 26

LESSONS FROM KONGO GUMI 27

CONCLUSION 28

REFERENCES 31

Appendix 1 – Infographic of Japan’s timeline

EXECUTIVE SUMMARY

Kongo Gumi was a success as it operated in a stable industry. The belief system has survived for thousands of years and has many millions of adherents. With this firm foundation, Kongo had survived some tumultuous times. The temple construction had until recently been a reliable mainstay, contributing 80% of Kongo Gumi's $67.6 million in 2004 revenues.

The story of Kongo Gumi suggests that firms should blend elements of conservatism and flexibility. This means that firms should stay in the same business for more than a millennium and vary from the principle of succession as needed to preserve the company. Experts felt that Kongo Gumi's demise too held many valuable lessons for family-owned businesses. Family-owned businesses could learn a lot from the business practices followed by Kongo Gumi. Lessons from Kongo Gumi's long tenure and ultimate failure suggest that firms need to pick a stable industry and create flexible...

Similar Documents

Free Essay

Kongo

...Kingdom of Kongo: Nation Formation The Kingdom of the Kongo, also known as Kongo dya Ntotila, is by far one of the most famous kingdoms in sub-Saharan Africa. Located in the southwest section of Africa, it is now northern Angola, Cabinda, the Republic of the Congo and the western part of the Democratic Republic of the Congo. Once a great colossus, it seems that the Kongo Kingdom came and went so fast. John K. Thornton, author of “The Kingdom of Kongo” and “The Origins and Early History of the Kingdom of Kongo”, gives vivid detail and insight to the Kongo Kingdom. He stresses that the societal creation of the Kongo was dominated by a single mode of production whose establishment and dissolution defined the beginning and ending of the period (The Kingdom). He wrote that “Its [Kingdom of Kongo] inception, in about 1390, was central to the constitution of the social formation of the Kongo, while the complex activity between its various levels and relations led to its eventual destruction and break-up of the social formation after 1678…” (Thornton, the Kingdom). In the 1480s, an explorer from Portuguese, Diogo Cao, happened to come across the Kongo Kingdom in his search for trade routes to Asia. And not long after he arrived in the Kingdom, explorers, missionaries and merchants followed suit. At first, it seemed as if they initially had a mutual attraction with each other. The Portuguese were looked at and reverenced as honorable and were welcomed at Mbanza, the capital......

Words: 575 - Pages: 3

Premium Essay

The Importance Of Family Business

...Mention “family business” and one might assume you’re talking about shops and restaurants around the corner or your local dry cleaner. But the vast majority of businesses throughout the world (two thirds of all businesses around the world )—from corner shops to multinational publicly listed organizations with hundreds of thousands of employees and best known brands like Novartis, Walmart, Facebook, Samsung Electronics, Volkswagen, Mars, are rooted family businesses. Kongo Gumi, one of the oldest Japanese construction family businesses funded in 578 till today with the 40 th generation. Prince Shotoku got Kongo family members to Japan from Korea more than 1,400 years ago to build the Buddhist Shitennoji Temple, which still stands. Over the centuries,...

Words: 1374 - Pages: 6

Premium Essay

Ge Proxy Statement

...Notice of 2013 ANNuAl MeetiNg ANd Proxy stAteMeNt April 24, 2013 New orleans, louisiana Notice of 2013 ANNuAl MeetiNg of sHAreoWNers Time and Date: 10:00 a.m. central time, April 24, 2013 Location: ernest N. Morial convention center, 900 convention center Blvd., New orleans, lA 70130 March 13, 2013 Dear Shareowners: You are invited to attend General Electric Company’s 2013 Annual Meeting of Shareowners to be held at the Ernest N. Morial Convention Center, 900 Convention Center Blvd., New Orleans, LA 70130, on April 24, 2013, at 10:00 a.m. Central Time. Following a report on GE’s business operations, shareowners will vote: • to elect the directors named in the proxy statement for the coming year; • to approve our named executives’ compensation in an advisory vote; • to ratify the selection of our independent registered public accounting firm for 2013; and • on the shareowner proposals set forth on pages 44 through 49, if properly presented at the meeting. Shareowners also will transact any other business that may properly come before the meeting. You are eligible to vote if you were a shareowner of record at the close of business on February 25, 2013. Please ensure that your shares are represented at the meeting by promptly voting and submitting your proxy by telephone or the Internet, or by completing, signing, dating and returning your proxy form in the enclosed envelope. If you plan to attend the meeting, please follow the advance registration instructions under...

Words: 42064 - Pages: 169