Many perceive Japanese industry, working in close cooperation with the government of Japan, to be one of the best models for public/private sector cooperation and success. Although MITI (the Ministry of International Trade and Industry) is often credited with orchestrating this success, little is known about the relative influences of government and market forces on Japanese corporations and their technology development processes. This paper, based on a survey of 109 Japanese companies, attempts to identify and assess the factors that affect corporate technology strategies. Key factors that were found to affect corporate technology strategies were, to name a few, corporate strategic planning, internal R&D strategy, general market incentives, technology development efforts of the competition and the role/presence on MITI. Upon analyzing the results obtained, it was concluded that technology strategy making in the Japanese corporation is driven by market forces but directed towards overall national goals. The influence of specific public policies directed toward stimulating corporate technology development is, however, quite limited.
ASJC Scopus subject areas
- Management of Technology and Innovation