This study is the empirical study which is based on the question vote mailing investigation to the proprietors of 652 Japanese ventures. The following conclusion is shown from the analysis result. The key factor for success of ventures is in the spread of the management resources which corresponded quickly to the environmental change. In future, it is necessary for Japanese ventures not to establish long-lasting economic competitive advantage, but to design the organization that will perpetually regenerate competitive advantage.
Recently, many local smaller businesses protected by KEIRETU organization are confronted with the various risks, which now force them change their corporate strategy and be more innovative. In conventional local city strongly influenced by KEIRETU, innovators with various resources are crucial to reduce the regional risks by expanding and diversifying their business. Though most of them are smaller, they already have well-familiarized machines, well-educated engineers, and skilled workmen. Though most of them are the successors, not founders, they are entrepreneurs.
They would be able to play an important part to lead the regional industry to vitality. This paper which is the case study on Ota area will show some suggestions on the growth strategy of local smaller businesses and the industrial promotion strategy to support them.
This paper presents the descriptive and explorative data from the survey to the venture capitalists (VC) in the UK. The data are expected to serve for providing some insights into the management of the VC's post investment activities, especially for the future venture capital management in Japan. Questionnaires were sent, between January and March, 1997, to 174 UK venture capitalists identified. 80 VCs returned usable questionnaires, giving an effective response rate of 60%. In the UK, the competition between venture capital firms has become stronger in the 1990s. In this context, it was found that the investment in younger-stage ventures and the VC's level of involvement in the investee firm have both increased in the 1990s. Further, these VCs are gathering financial statements from the entrepreneur team monthly and seems to use the document as a signal indicating the venture's possible crisis.
The paper aims at inquiring whether sufficient venture proposals as seeds for new business exist in the current Japanese society. Our analysis is based on the observation on proposals of 315 Tokyo University students from 1995 to 98. Our findings include the shift of students’ interest from manufacturing to services (i.e. entertainment, health and welfare, and environment fields) and their putting emphases on information technologies for enabling tools. Our hypothesis is: the Japanese society being transcending from industrial towards post-industrial society, is now suffering from the “Productivity Paradox” seen in the US. in the 1980s. In order to utilize intellectual assets of the young generation for the coming service, knowledge-intensive society, some policy reconsiderations and institutional change become indispensable.