Japanese management and its practice in company branch based in Slovakia

Abstract

Japan is currently one of the most economically developed countries. The economy in Japan has a very high growth rate. In the traditional Japanese industrial firm is used the so-called Japanese management system. This management system has proved very successful and it uses the management practices that are fundamentally different from other industrially developed countries. The article defines individual elements, principles and practices of Japanese management system. It compares the Japanese management with the management of other advanced countries, such as USA. On this basis the article describes the application of Japanese management system, particularly the system KAIZEN, in the company SONY Slovakia. Company SONY Slovakia was founded as the first plant of SONY in Eastern Europe and it applies advanced Japanese management.