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  • Essay / Multinational Corporations Essay - 1052

    All payments made must be in accordance with the law and must be fully disclosed to the public as unethical business practices and payments can be used against the organization to a later stage. Managers must also consider the social consequences of economic actions when making business decisions. Japanese managers are quite different from American managers, Japanese managers are more concerned in terms of attitudes, values, high productivity, organizational growth, organizational stability and trying to perceive higher levels of self. updating their roles and positions. While the behavioral relevance of job satisfaction and individuality is higher for American managers. With the American management approach it is about developing the best standards, once the standard is achieved it is simply repeated. While Japanese management favors continuous improvement, everyone commits to improving wherever possible. In American systems, rapid advancement is based on merit and qualifications, while the Japanese system rewards long service and dedication. Company loyalty is highly valued and rewarded in the Japanese system, while the American system involves higher turnover in management and