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By Makiko Yamada (auth.)

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The pharmaceutical market in particular was closed not only to foreign companies but also to Japanese companies seeking to enter it. Both The Structure of Management 41 IBM and Pfizer had much more advanced technologies than their Japanese counterparts, but it required the entrepreneurship of Shiina and Shino to break through the non-tariff barriers. Today IBM Japan is almost the same size as Hitachi. Iwao Shino described how he built up Pfizer's Japanese subsidiary into one of Pfizer's most important R&D centres: 'Japan is the number one country in the world for innovating new antibiotics.

These fall into three categories: (1) general resolution matters, (2) special resolution matters and (3) particular resolution matters. General resolution matters include such issues as the election of directors of the board and the auditor, and adoption of statements of accounts. Changes to the articles of incorporation, the transfer of operating assets, liquidation of the corporation and alteration or rescission of a contract for leasing out the whole of the business are considered 48 Japan's Top Management from the Inside Corporate powers under stature, charter and bylaws Reserved to Shareholders Powers conferred on board of directors Board matters reserved by board of directors Management matters delegated to management Board's agent appointed to lead board Chief executive officer (CEO) appointed to lead management team Delegation to board committees Powers reserved byCEO Powers delegated to corporate officers Source: Makiko Yamada, America-no Keieisha Gunzo (American Top Management), TBS Buritanika, Tokyo, 1989, p.

He reigned over the company for more than 25 years and came to fit the stereotype of the elderly top man with an establishment personality, but this was by no means the case with all the interviewees. 2, a large proportion of the interviewees were in the 55-64 age range when they became president. However Makoto Iida of SECOM, Kazuo Inamori of Kyocera, Kenjiro Ushioda of TOSTEM and Hiroshi Yamauchi of Nintendo all became president in their twenties. For example Hiroshi Yamauchi became president of Nintendo in 1949 at the age of 21.

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