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The Role of Zaibatsus in Japanese Business Culture
Zaibatsus are powerful financial and industrial groups in Japan (the term is formed by the Japanese words zai, meaning “money” or “wealth,” and batsu, meaning “clique” or “clan”). These conglomerates have long influenced Japanese business practices, but changes in the role of zaibatsus have ultimately made it easier for non-Japanese firms to operate in Japan. Learn more about the changes in how zaibatsus operate and the impact on the Japanese business environment. Explore how hiring processes and management practices have evolved for both larger and smaller Japanese firms.