Management thoughts in the age of Post American Capitalism

－ TBLI Conference Asia 2010, Tokyo －

2010.5.27Haruo FUNABASHI

Visiting ProfessorHitotsubashi University

Graduate School of International Corporate StrategyPresident, Sirius Institute Inc.

hf@sirius-institute.co.jp

GDP Forecast by Angus-Madison 　　　

Chart1

1820 1950 1973 2003 2030

ChinaIndiaOther AsiaJapan

32.916.0

7.43.0

4.64.26.83.0

4.63.18.77.8

15.15.5

13.26.6

23.810.415.43.6

Sub Total 59.3 18.6 24.2 40.4 53.2

Western EuropeU.S.A.RussiaEastern Europe

23.01.85.43.6

26.227.3

9.63.5

25.622.1

9.43.4

19.220.7

3.81.9

13.017.33.41.3

Latin AmericaAfrica

2.14.5

7.83.8

8.73.4

7.73.2

6.33.0

Source: Angus Madison “Income Divergence Between Nations, 1820-2030”

Triangle Trade in 1820’s 　　　

Chart2

India China

England

Opium

TeaCotton Fabrics

The symbol of Dualism 　　　

Chart3

A yin-yan symbol, or Taijitu, representing the duality of all things in nature

Guiding Principles by J.R.D. Tata 　　　

Chart4

Nothing worthwhile is ever achieved without deep thought and hard work;

One must think for oneself and never accept at their face value slogans and catch phrases to which, unfortunately, our people are too easily

susceptible;

One must forever strive for excellence, or even perfection, in any task however small, and never

be satisfied with the second best;

No success or achievement in material terms is worthwhile unless it serves the needs or interests of the country and its people and is achieved by

fair and honest means;

Good human relations not only bring personal rewards but are essential to the success of any

enterprise.

“Community” Capitalism 　　　Community Capitalism American Capitalism

<Company> Function Purpose Benchmark

Community Contribution Longevity

Mechanism Earning money ROE

<Employee> Task Co-worker Tacit-knowledge Purpose

Ecstasy Companion Participate Perpetual revolution

Pain Competitor Exclude Happy retirement

<CEO> Self value Moderate Big bonus

<Share holder> Role Supporter Exploiter

<Viewpoint> Long term Short term

<Sustainability> Purpose CSR

<Ethics> Cradle Internal control (SOX)

Chart5