Book Review: Can Japan Compete? by Michael E. Porter

4 April 2015
This paper summarizes and critiques the book “Can Japan Compete?”

This paper reviews the strengths and weaknesses of Japan’s economy as shown in the Michael Porter book, Can Japan Compete? It focuses on the downturn in the economy since 1998 and how it came about and ideas on how it can turn around. It points to the involvement of Japan’s government industry leaders in the mistakes they made in focusing too much on efficiency and market share rather than profitability and clear strategies for the future.

Table of Contents
1. Preface
2. Summary
3. Critique
4. Valuable Side
5. Weakness
6. Conclusion
“This book is written by a leading authority on competitive strategy and international competitiveness, Michael Porter, and his colleagues, Hirotaka Takeuchi and Mariko Sakakibara, who have in-depth understanding of Japanese economic development. The authors try to uncover the magic behind this country. It outlines the steps that will be necessary to restore Japanese’s economy and uplift the competitiveness of those uncompetitive sectors. And to provide a solution that challenges the conventional wisdom. The ultimate goal is to develop a new national economic strategy.”

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