Doing Business in Japan - Overcoming Cultural Difference Toshikata “Toshi” Amino Executive Vice President (Retired) Honda of America Mfg., Inc. Visiting Professor, St. Andrews University, Osaka, Japan How to Make Your First Meeting with Japanese Company Successful? • “Be Prepared” like Boy Scouts • Chinese Proverb 知彼知己者百戦不殆 “Know your enemy, know yourself, then you never loose your battle”. Preparation Study thoroughly about the company which you are going to deal with • Company history • Corporate value and culture • Corporate leadership and organizational structure • What they are proud of • Their unique technology, Market penetration Preparation ・ • • • • • Know their weak points Problems which they are currently facing Their obsolete technology Loosing market Financial weakness Their current products and services Some actions needed Buy their products or service and analyze them to find their strong points and weak points Preparation (Continued) • Visit their retailer if available and ask their opinions • Meet customers to get their feedback Rehearsal Attention to the Detail • • • • • • Team play Who is the chief presenter? Who add comments? Who answer to what kind of questions from them? Time keeper Seeing is believing Charts, samples, audio/visual material and equipment Presentation • Try not to be too fancy Fortune 500, Sales revenue, number of employees • Focus to the substance (What kind of benefit we can bring to you) Technology, products, services, quality, Consumer opinions Presentation • Ask some intelligent questions to give them a chance to be involved in your presentation • Let them ask you a question to which you need to make a home work for them. • For example “Do you have an academic research report About this technology? “Yes, we are happy to send it to you once we go back home” (Follow-up) Building Trust First • • • • • For example : Meeting Try not to go into a hard business talk soon. Friendly, informal introductory chatting is Appropriate Prepare some topics such as your first impression of Tokyo, last night sushi dinner However don’t spend too much time for just a chatting. They are busy. Typical Decision Making Process in Japanese Company After your presentation • Careful and thorough study about your presentation at staff level • Departmental examination to come up with department level consensus • Presentation to higher level (Board members) • Approval by CEO Usually very time consuming. Be patient Language Barrier • Better have your own professional interpreter. • Get your interpreter in your rehearsal to make him/her familiar with your • Technical terminology and products • Don’t rely too much to your own employee who claims Japanese language capability Thank you for your listening • Any question? • My e-mail address aminousjpn@aol.com