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Why So Many of the World’s Oldest Companies Are in Japan
‘Respecting tradition’
Yoshinori Hara, dean and professor at Kyoto University’s Graduate School of Management, says these long-standing entities, at least 100 years old, are known as ‘shinise’ – literally meaning ‘old shop’.
Hara, who worked in Silicon Valley for a decade, says that Japanese companies’ emphasis on sustainability, rather than quick ma... See more
Yoshinori Hara, dean and professor at Kyoto University’s Graduate School of Management, says these long-standing entities, at least 100 years old, are known as ‘shinise’ – literally meaning ‘old shop’.
Hara, who worked in Silicon Valley for a decade, says that Japanese companies’ emphasis on sustainability, rather than quick ma... See more
Several of the oldest known continuously-operating companies in the world are Japanese. Seven were founded prior to the year 1,000. The size of companies in the database of Japanese firms over 100 years old clearly proves that firms do not have to grow large to survive. In fact most shinise are small- to medium-sized, private (often family-owned) b
... See moreVicki TenHaken • Lessons From Century Club Companies: Managing for Long-Term Success
For the opposite perspective, consider the Japanese. Some of its citizens recently witnessed the 66th cycle of a ritual that began more than 13 centuries ago. In a city called Ise, people have been rebuilding the grand Jingu shrine with wood and thatch since the 7th century. This Shinto ritual does more than keep the structure intact. It helps the ... See more
David Perell • Peter Thiel’s Religion
Our ideal outcome as a company is not becoming the next Facebook (god forbid), it’s becoming the next Nishiyama Onsen Keiunkan, a hot spring hotel in Japan, and one of the world’s oldest businesses (founded in 705 AD).