Interim Report of The Committee on New Business of Keidanren
Recommendations for Creating New Businesses:
Building an Economy and Society that Nurtures the Entrepreneurial Spirit
Chapter V : Creating A Self-Reliant Society That Will Breed Entrepreneurs
In the previous pages, we have discussed the measures necessary to start-up and
develop new industries and businesses in Japan. However, the ultimate
problem we must address is the reform of the Japanese people's traditional
perceptions and attitudes. In order to create a new society brimming with
entrepreneurial spirit, a number of major changes must be made, such as
educational reform which focuses on developing creative individuals.
- Reform of The People's Perceptions:
In the final analysis, it is people who sustain new industries and businesses.
Even if the necessary mechanisms are put in place to accomplish this new
society, business frontiers will not emerge in Japan unless people, as a whole,
place a high value on entrepreneurship and are willing to seek new challenges
without fear of failure.
Japan's traditional mentality of believing that total equality is desirable and of
placing great importance on harmony and stability within society, may provide
commendable values to live by, but is hardly compatible with the free and
vigorous market economy of today. People's value systems must change to
accommodate the realities of today's society and begin to place importance on
equal opportunity rather than on equal distribution of benefits. They must
learn to place a high value on business success and above all else, must value the
principles of individual responsibility and of rewarding individuals who take
risks and succeed.
- Long-Term Educational Reform And Fostering Creative Individuals:
Reforming people's values and perceptions is basically the task of the education
system. And Japan's uniformly standardized and rigid education system must
be reformed at all levels -- from primary, to middle, to high school levels. We
must strive to foster creativity not only in the schools but in the home and in
society in general, if we are to produce individuals who can become
entrepreneurs in advanced science and technology. Furthermore, as a
component of educational reform, we must provide opportunities for young
people, on whose shoulders rests the future, to receive practical training that will
enable them to develop the entrepreneurial spirit. While these goals cannot be
accomplished overnight , we must begin to address them at once and continue to
grapple with new problems as they arise.
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