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Sony Strategy
Sony Strategy
Sony's roots were planted in a bombed out Department Store in Tokyo in 1946. Masaru
Ibuka, an Engineer, and Akio Morita, a Physicist, invested the equivalent of £845.00 to
start a company with 20 employees repairing electrical equipment and attempting to build
their own products.
The success story really began when Tokyo Tsuchin Kogyo, as the company was named,
obtained a license in 1954 to make transistors. The transistor had been invented in
America but it had not been applied to radios, which were valve driven appliances. Sony
made Japan's first transistor in May 1954 and the first all-transistor radio.
Since then Sony has led the field in invention and innovation - with the first Trinitron
Colour Television in 1968, the colour video-cassette in 1971, the Betamax VCR which
was the world's first home use video system in...
Growing World Of Sony
It's not news that Sony is a global company or that (25%) of all Play Station profits' for
the past seven years came from Sony to Japan. After all that's what international
marketing and the global economy are all about, companies like Sega, Nintendo,
Microsoft, X-Box doing business around the world. The global economy now reaches
every corner of the United States. Current interest in international marketing can be
explained by changing competitive structures coupled with shifts in demand
characteristics in markets throughout the world. With the increasing globalization of
markets, companies find they are unavoidably enmeshed with foreign customers,
competitors and suppliers. A significant portion of all products made in the United States
is foreign made.
Japan's economy is based on a strong work ethic and being a leader of technology, in
which has helped Japan advance to the second most powerful economy in the world. One
notable characteristic of the economy is the working together of manufacturers, suppliers,
and distributors in closely-knit groups called keiretsu. The keiretsu, which means "order"
or "system," is a unique form of business that links companies together in industrial
groups that provide Japanese business with a substantial competitive edge over non-
keiretsu organizations. Keiretsus are collections of dozens of major companies spanning
several industries and held together by cross-shareholding, old-boy networks,
interlocking directorates, long-term business relationships, and social and historical links.
There are six major Japanese industrial keiretsu groups and eleven lesser ones. Together,
the sales in these groups are responsible for about 25 percent of the activities of all Japan,
and keiretsus account for 78 percent of the value of all shares on the Tokyo Stock
Exchange.
Japan's industry, which is the most important sector of the economy, is heavily dependent
on imported raw materials and fuels. For three decades overall real economic...