Vivinavi : Los Angeles : (United States) Los Angeles

Find Info

The 320th Ippankai Free Zoom Meeting － Many Companies Fail to Expand in the U.S., Why ？?

● Hosted by ： One Flag Society Entrepreneurs ・ Free small business support group.　Free study group on the 3rd Saturday evening of every month at 6pm on Zoom.　www.hitohatakai.org
●Date and Time ： July 20 6pm ～ 8 ： 30pm
●Registration ： Imagination Garden hitohatakai@gmail.com 323-377-5530
Zoom invitation sent is scheduled for July 18.
If you are not a member of Ichihata Kai, please contact Ichihata Kai and complete the membership process before offering to join ZOOM.

●The Japanese companies' expansion into the U.S. can be summed up in one word:
A sense of mission, but no passion.　The efforts are almost crushed by the expectations of the head office, and the development is completely unrelated to any bright future vision or dream.　Therefore, we can only take conventional actions, and many of us have suffered the sorrow of withdrawing from the market.

●As of 2024, Japan's economy is slowly rising, although some parts of the economy are still stagnant; however, car exports are sluggish due to the expansion of overseas production, capital investment by small and medium-sized companies is weak due to cost increases, the real estate market is weak due to rising interest rates, many small businesses are facing difficulties due to monetary policy, prices are rising due to wage increases, and household income is slowly rising. rising prices, and although household incomes have improved moderately, this has not been a positive factor in business development.

●Three major factors necessary for the recovery of the Japanese economy have been mentioned:
① recovery of consumer spending
② large-scale government economic policies
③ recovery of capital investment
.
No significant movement has been seen yet.
●Survival of business there ・ Many Japanese medium-sized and small businesses are taking up the challenge of expanding into the U.S. in order to seek opportunities for growth.　However, we have not seen many companies that we are familiar with that have successfully expanded into the U.S. in recent years.

Even if they manage to land in the U.S., it may take more than 10 years to recover their initial investment.

●At first glance, the reasons for failure are
① Unclear objectives for entering the US
② No strategy
③ Insufficient preparation
④ Dependent attitude on others
⑤ Local representatives
⑥ Lack of flexibility
This is not a successful challenge.

●Specific examples of unsuccessful attempts ：
1 ． Even if the company is the industry leader in Japan, its products are already obsolete in the US.

2 ． All decisions are made by asking the head office in Japan, which does not know the actual situation, and waiting for their decision. 4 ． They are not taking advantage of the benefits of being a minority business

4 They are sticking to their own business expansion when it is common to expand into the US by acquiring a company

5 ． They are taking the easy way out by hiring a local Japanese organization to do everything for them
6 They are not taking the easy way out by hiring a local Japanese organization to do everything for them
6 ． Japanese-affiliated companies that do not deal with the US market ・ Dependence on the Asian market

7 ． Japanese-affiliated wholesalers ・ Wholesaling products to supermarkets and considering it a success to enter the US market
<6966> What can we learn from past failures?
What should we do to prepare for the entry into the market?
What should we do to enter American society?
What are the criteria for selecting the person responsible for the entry?
This time, we would like to explore these issues in depth together.

●If you want to change yourself, if you want to be exposed to the essence of leapfrogging, if you want your business to take off, please join us.

********************************************
Theme ： Many companies are failing to expand into the US, why ？
Guest ： Hideki Yamagata, Business Consultant
********************************************

See you on Zoom.