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keiretsuenUK
kei·ret·su K0030150 (kā-rĕt′so͞o)n. pl. keiretsu or kei·ret·sus A network of businesses that own stakes in one another as a means of mutual security, especially in Japan, and usually including large manufacturers and their suppliers of raw materials and components.
[Japanese, series, affiliation : kei, system + retsu, row, line.]keiretsu (kiːˈrɛtsuː) n1. (Commerce) a. a group of Japanese businesses that are closely linked through shareholding, etc, and form a strong corporate unitb. (as modifier): keiretsu groups. 2. (Commerce) (as modifier): keiretsu groups. 3. (Commerce) a non-Japanese business conglomerate similar to a keiretsukei•ret•su (keɪˈrɛt su)
n., pl. -su. (esp. in Japan) a loose coalition of business groups. [1975–80; < Japanese] keiretsuenUK
keiretsu: see zaibatsuzaibatsu
[Jap.,=money clique], the great family-controlled banking and industrial combines of modern Japan. The leading zaibatsu (called keiretsu after World War II) are Mitsui, Mitsubishi, Dai Ichi Kangyo, Sumitomo, Sanwa, and Fuyo.
..... Click the link for more information. .KeiretsuIn Japan, a strong alliance of related organizations that shares knowledge and cooperates to control its sector of the business, including the supply chain and distribution. Meaning "series," the "horizontal" Keiretsu are six major banks, such as the Mitsui Group and Sumitomo Group. "Vertical" Keiretsu are industry consortia, such as the Toyota Group, Honda Group, Hitachi and Toshiba. The Japanese government is involved and supportive. See interfirm network.KeiretsuenUK
KeiretsuA network of Japanese companies organized around a major bank. The term is also used outside of Japan to describe how a large corporation with many subsidiaries and associated firms can manipulate revenues. For example, firm A and B are controlled by firm C. Firm A is forced to buy its input from firm B at a high price. As a result, A is unprofitable and B is very profitable.KeiretsuIn Japan, a number of independent but related companies centered on and financed by a single bank and/or a joint stock company. That is, the institution (and no other) provides financing for companies in the keiretsu. There are two main types of keiretsu. A horizontal keiretsu is essentially a diversified conglomerate; that is, it may have companies in several, completely unrelated industries so as to reduce the risk of loss if one industry or other has a bad year. A vertical keiretsu, on the other hand, is more centrally controlled such that companies in the same keiretsu provide all steps on the supply chain. For example, a mining company may sell a metal to a refinery in the same keiretsu, who then sells it to an auto company, who then sells cars to consumers. In Japan, these consumers are often employees of the very same keiretsu. Critics of this system contend that they are inefficient; proponents, however, argue that they are sustainable and have helped Japan recover from the post-war period. See also: Japanese miracle, Zaibatsu, Chaebol.keiretsu a Japanese term relating to a network of customers and their suppliers working within a related industry, or with a single customer. Developed by the multinational organizations in Japan initially with the idea of exercising control over suppliers. Kereitsu has developed to mean closer links between customer and supplier and includes the sharing of technologies, of skilled employees and of product development. See SUPPLIER DEVELOPMENT, LEAN MANUFACTURING. |