Organizations are the core element of modern societies and economies. Crisis and prosperity of the latter are always closely related to the (mal-)functioning of the first. For a deep understanding of both sides, it is essential to ask und explore, why and how individual subjects with different interests work together, knowing what is demanded or expected from them and what to do, without being explicitly ordered to do so or without having negotiated it. Since the early 1990s, Japan and its corporate organizations have been struggling with deflationary repercussions from the bursting of bubble economy or implosion of inflated asset market prices and increased industrial competition mainly from South Korean and Chinese firms. And since the late 1990s, mergers & acquisition activities have been increasing as the preferred option to grow domestically and abroad, involving not only inside-out, but also outside-in and inside-in cases. In this context, corporate culture raised attention as one of the key factors for sustainable corporate success. Japanese companies, facing fundamental challenges towards their traditional business model, value set and mode of integration by US dominated globalization and organizational restructuring are in need to reconfirm or redefine their rules and values, their corporate culture.. Against this background and after an introduction into the nature of the current economic situation in Japan, this course provides an overview about different core terms and models of corporate culture, discusses the relation of culture and change and identifies current challenges, particularly Japanese corporations are facing with regard to their internal integration. Students become a team member, choose a case of cross border merger & acquisition with a Japanese corporation involved, receive guidance and analyse this case as teams.
This course is a combination of lecture inputs about the broader context of the current economy and business in Japan and a team work type case study. All related materials and information have already been uploaded to the new learning platform "moodle.unive.it". So, please, access this course through the new learning platform "moodle.unive.it", download and read the materials and information. The lecture input will be given in English, while additional remarks and explanations can be provided also in Japanese on request. Students are expected to conduct a case study about cross border merger & acquisition (with a Japanese corporation involved) in a team of peers, following the methodical guidance, provided from the professor in charge. Due to the importance of active and continious participation of all students, personal attendance to sessions and dedication of time and energy to team activities is required.
Context Inputs (Sessions No. 2/5/8)
A Model, Again? Long-Term Trends in Japans Economy
Why has the Idea of ”Corporate Culture” occurred?
Irony of Change: Challenges for Japan & Japanese Corporations
Methodically Guided Case Study (Sessions No. 1/3/4/6/7/9-15)
Kick Off Guidance: Process, Schedules, Assessment Rules, Team Formation;
Choosing of a M&A Case & Formulating a Hypothesis: Is the case in question a success or failure? What defines success and failure?Success and failure for whom?
Analyzing of Business Model before/after M&A: Has the way value is generated changed? Where & how can the premium earned back? Where are zones of synergies and conflicts?
Analyzing Financial Performance (ROE Breakdown): How has the financial performance changed? What were/are the drivers?
Analyzing of Stakeholders Gain & Loss before/after M&A:Who (which stakeholder) has gained or lost? Which impact do these gaines/losses have ?Is it sustainable and socially acceptable?
Synthesizing a Thesis (Conclusions, Remaining Tasks): Is the case in question a success or failure? What defines success and failure?Success and failure for whom?
Testi di riferimento
First, concentrate just on the inputs, given in the lectures & input modules. Secondly, there is no one & single textbook required. Supplemental (recommended) readings (references) are indicated in the lecture materials. A digital version of the lecture materials will be uploaded and students are expected to download the respective materials in advance: There will be no handouts or hard copies provided by the teaching side. The digital materials are PDF slides in English.
Modalità di verifica dell'apprendimento
Every student is expected to take actively part into team work, conducting a case study of cross border M&A with a Japanese corporation involved and delivering interim and final group presentations. Because the case study will be conducted as team work/effort, your active and continuing participation into the classes (sessions), related team work and preparational activities is absolutely required. Team performance, your contribution to it and sensitivity towards the given situation and social context & consistency in argumentation, originality in core propositions and creativity in expression (not the precision in recycling the common sense or mainstream thinking) will be evaluated. Be aware that the case study, active participation in team working and in delivering of team presentations is the only way to receive credits.
Combining lectural input (frontal) with free discussions, task explaining modules (frontal) and students presentation (team work)
Lingua di insegnamento
- Dispense e materiali di approfondimento e di autovalutazione disponibili online; testi di riferimento in formato e-book
- Piattaforme e-learning, moodle