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Study Abroad in Entrepreneurship - Japan
On this study
abroad trip, one of the primary
goals will be do discover why the level of
entrepreneurship is so low in Japan.
In 2000-2001, Japan recorded one of the lowest
rates of entrepreneurial activity amongst
the world’s leading nations. Entrepreneurs
face many difficulties when starting their
own ventures. Some of these difficulties include
receiving loans from banks, the pressures
of deflation, weak domestic demand, and tough
competition within the country.
In Japan as we will see on this study
abroad, personal guarantees are
required for many small business loans. There
is a high rate of suicide among Japanese men
who fail to repay these personal guarantees.
The reasons for these suicides are the shame
when the business fails and the need to use
life insurance funds to pay off debts so that
the banks will not harass friends and relatives
who have given their guarantees for the loans/debts.
This shows their cultural desire to “save
face.”
Most Japanese entrepreneurs are of the post-war
era. The newer generation has not yet fully
adapted to the idea of entrepreneurship. Another
problem that stunts the growth of entrepreneurs
is the lack of knowledge. Many Japanese entrepreneurs
do not have the knowledge, training or motivation
to start their own businesses. Classes are
being started where those interested in entrepreneurial
activity may enroll. These classes have given
rise to the idea of what is known as “weekend
entrepreneurship,” when people with
regular, salaried jobs use their talents and
hobbies for profitable ventures on weekends.
Best
Bets
Entrepreneurial
Activities in Japan: Global Entrepreneurship
Monitor 2000
Japan
Entrepreneur Report
Entrepreneur
Association of Tokyo
Japan External
Trade Organization (JETRO)
Media
Asia-Links
Asia
Times Online Japan
Business-in-Asia
Japan Section
Japan
Inc.
Japan Information
Network
Keizai
Koho Center
Articles
Access
to the Japanese Market
Don't
Stifle Your Entrepreneurs, Japan
Q&A
With Tim Clark From the Japan Internet Report
Japan's
entrepreneurs face rough road
KFC
in Japan
New
Policies in Japan Focus on Entrepreneurship
Funding
The
Rise of a Venture Business Culture in Japan
VC
Report: Firms Look beyond the Clouds
FinanceAsia.com
- The network for financial decision makers.
It's
Tough Being an Angel in Japan
e-Commerce
Asia
Internet Report
The
Emergence of the Internet and Entrepreneurship
in Japan
The
Future of B2B in Asia
For more, please see www.InternationalEntrepreneurship.com
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