Features of Development of High-Tech Japanese Multinational Companies in the Globalization

Abstract

The article is aimed at researching the peculiarities of development of Japan’s high-tech TNCs in the context of globalization and obtaining a coherent picture of the historical, organizational, innovation-technological features of the development of TNCs. The task of the research is analyzing and evaluating the historical, organizational, innovation-technological features of development of Japanese TNCs on the example of Toyota Motor Corporation. It is specified that for the rapid technological growth of transnational companies and the country as a whole, Japanese entrepreneurs have accumulated and reinvested profits exclusively in the sphere of scientific development and innovation. Continued development and research of the above mentioned spheres will provide leadership in a globalized society. The authors research one of the largest Japanese TNCs, Toyota Motor Corporation, successfully active in the automotive industry. The emphasis is placed on the fact that the main feature of the company is the huge costs of research and development, cooperating with startups, while this cooperation be called the exception rather than the rule. Innovations occur on the basis of continuous improvement through training. Improving quality, problem-solving comes at the expense of working groups. However, Toyota’s significant secrecy of organizational culture reduces the ability to be institutionally flexible when problems needs a quick solution. It is concluded that with a reliable public-private partnership Japanese companies, investing in research and development of foreigners, improved them and produced a new technological product, which allowed them to a rapid growth.

Keywords

• transnationalization
• tnc
• globalization
• development
• japan