Recent praise of the Japanese management style from James Abeggglen, an expert on Japanese management for over 50 years. As James highlighted the advantages (group motivations), he identified 4 things that Japan will need for further development in the 21st century:
1) Shifting to strategies appropriate for mature economies (as opposed to high growth). This means profits, strong balance sheets, focused product strategies, etc.
2) The hiring and integration of top-notch foreigners, in order to be globally successful.
3) More R&D emphasis on the R...not just D.
4) Companies must join in moving Japan to a full partnership in the regional structuring of East Asia.