Japan has 46,708 companies that have been in business for more than 100 years, including 11 that have been in business for more than 1,000 years. The founders are long gone, and no one remains who knows that passion firsthand, but the reasons for their longevity are being explored.
Japan has 46,708 companies that have been in business for more than 100 years (according to Teikoku Databank). Of these, 11 are said to have been in business for more than 1,000 years, and they are cited as examples of the longevity of Japanese companies.
The article introduces the view that building an organization capable of continuing to make sound decisions after the founder has left is key to creating long-lived companies. It also covers the views of Professor Michiaki Tanaka of the Graduate School of Technology Management at Nippon Institute of Technology.