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Globalization and Family Business: The Renewal of Idemitsu Kosan, 1990s–2000s

In: Comparative Responses to Globalization

Author

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  • Minoru Shimamoto

Abstract

Globalization increases the pressure towards international standardization in fields such as accounting practices, financial systems, corporate management systems, and management education. Policymakers and managers in many countries are confronted with the problem of whether or not to adopt global standards instead of their own particular modus operandi. Their choices will determine whether the existing variants of capitalism will converge towards a single model. This chapter will address this issue by examining the recent experience of Idemitsu Kosan Co., Ltd. (Idemitsu), a large Japanese oil company.

Suggested Citation

  • Minoru Shimamoto, 2013. "Globalization and Family Business: The Renewal of Idemitsu Kosan, 1990s–2000s," Palgrave Macmillan Books, in: Maki Umemura & Rika Fujioka (ed.), Comparative Responses to Globalization, chapter 6, pages 121-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-26363-6_6
    DOI: 10.1057/9781137263636_6
    as

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