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Company Mission and Philosophy.

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| November 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Journal of Japanese Trade & Industry (JJTI))

Byline: Kobayashi Kaoru

Corporate Scandals at a Time When Corporate Philosophy is under Intense Scrutiny Like their counterparts in other countries, Japanese companies were keen to emphasize their corporate identity in the 1980s. This was particularly evident, for example, in their "Mission Statements" and "Vision Statements." Two decades later, we need to ask: Did their statements yield the desired effect? Did companies abide by their codes of ethics? In reality, a number of corporate scandals have shocked consumers and stockholders over the last few years, just when Japan is experiencing its worst ...

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