These things are neither universally good nor bad: I do believe the Japanese conception of duty (and how it diverges from an American sensibility) plays a large role in the fact 33k businesses are over 100 years old. As an American this many businesses is definitely an impressive number, but then again, 100 years ago the US was only 143 years old. We’re ~3 lifetimes (8 generations) away from the signing of the Declaration of Independence. ️
The low level of entrepreneurialism isn't 1 to 1 with low innovation though.
I think you're right about the sense of duty, it leads people to turning their innovation into something that can help their existing company versus taking it and starting their own firm most of the time.
On the flipside, company management seems more accepting of occasionally taking these radical ideas and rebuilding the whole business around them. Nintendo is a good example.
I generally agree, however I don’t think we should extrapolate trends in Japanese corporate culture from gaming companies. The origin of most of them are gambling syndicates (if you catch my drift) and I don’t think they would reflect the mainstream mores.
https://bradchattergoon.com/japan-and-entrepreneurship-e468a...
These things are neither universally good nor bad: I do believe the Japanese conception of duty (and how it diverges from an American sensibility) plays a large role in the fact 33k businesses are over 100 years old. As an American this many businesses is definitely an impressive number, but then again, 100 years ago the US was only 143 years old. We’re ~3 lifetimes (8 generations) away from the signing of the Declaration of Independence. ️