Japan hundred years old shop bankrupt tide

Japan hundred years old shop is bankrupt tide compared with Google and Facebook and other Up-and-comer, GE, Ford, such as the United States hundred years of enterprise undoubtedly deep inside. But, compared to some Japanese "antique" companies, the American Century-old shop is only a young generation. In Japan, some enterprises have been in the past thousand years, become a "living fossil" of human business history, including a 1300-year-old hotel and a 900-year-old wine maker. In other parts of East Asia, there are also centuries-old businesses, such as the Italian gun manufacturer Beretta, established in 1526, and Zildjian, a manufacturer of musical instrument cymbals, which was founded in 1623. But Japan's "longevity enterprise" totals far more than other countries, operating more than 100 years of more than 50,000 companies. The history of 3,886 of these enterprises is close to 200 years. By comparison, according to the US Bureau of Labor Statistics, only one-fourth of all companies established in 1994 are still operating by 2004. In the past decade, some of Japan's oldest companies have closed their doors. Last month, 465-year-old Seafood seller Minoya Kichibee filed for bankruptcy. Last year, the 533-Year-old candy Merchant, Surugaya, suffered the same fate. The 1429-year-old Temple builder, Kongo Gumi, was acquired by a larger company in 2007. The first big reason why Japan has such a long life is that the industry is not outdated. Taking Kongo Gumi as an example, the company has focused on building Buddhist temples, and in Japan, where Buddhism has a long history, this business has always been market-demand. Kongo Gumi completed its first work in 593, a temple near Osaka, after which it underwent six reconstructions, which were undertaken by Kongo Gumi. Japan's oldest companies are often associated with basic human needs-beverages, shipping, construction, food and guns, says William Ohara, a Japanese expert. The second biggest cause of Japanese companies ' longevity is the generation of family businesses. The head of Japanese business usually gives all the business to the eldest son, but if the eldest son is difficult to undertake, the family leader can choose his son-in-law to run the business. Mack Smitha, professor of economics at Washington and Lee University, said: "If the biological eldest son cannot become a qualified successor, the son-in-law can take the burden, so the so-called family-run business is not strictly the father and son inheritance." "You can't choose your son, but you can select a son-in-law." Even became a Japanese proverb. Now that these enterprises can run for thousands of years, why is the fate of bankruptcy in the near future? Urrick Scheider, a professor at the University of California, San Diego, says the Japanese government has changed its attitude towards hundred-year-old shops. In the past, Japanese banks have been willing to help troubled businesses, with about 72 Japanese companies bankrupt from 1955 to 1990, behind the bank's generous bailout. ButJapan passed the Bankruptcy law in 2000, and four years later revised the 1922 Law on corporate liquidation. Unless a convincing restructuring is worked out, troubled companies will not be able to get bank support. William Lappe, a professor at the New Jersey Institute of Technology, argues that young Japanese are now less interested in traditional culture than they were in the previous generation, an important factor in the demise of a century-old shop. In addition, the Japanese are changing their attitudes towards marriage, Ruzhui and inheritance, making it increasingly difficult for small companies to attract qualified son-in-law. Of course, the social environment in Japan is the key factor in the development of a century-old shop. Hubei Hanxin）