Topic: Japan/Business and economy

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The oldest, continuously running, independent business in the world?

Companies History Architecture Buddhism Japan Japan/History Japan/Business and economy

Kongō Gumi Co., Ltd. (株式会社金剛組, Kabushiki Gaisha Kongō Gumi) is a Japanese construction company which was the world's oldest continuously ongoing independent company, operating for over 1,400 years. In January 2006, it became a subsidiary of Takamatsu.

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Poka-yoke

Business Engineering Japan Japan/Science and technology Japan/Business and economy

Poka-yoke (ポカヨケ, [poka yoke]) is a Japanese term that means "mistake-proofing" or "inadvertent error prevention". A poka-yoke is any mechanism in any process that helps an equipment operator avoid (yokeru) mistakes (poka). Its purpose is to eliminate product defects by preventing, correcting, or drawing attention to human errors as they occur. The concept was formalised, and the term adopted, by Shigeo Shingo as part of the Toyota Production System. It was originally described as baka-yoke, but as this means "fool-proofing" (or "idiot-proofing") the name was changed to the milder poka-yoke.

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Simultaneous recruiting of new graduates

Korea Business Japan Japan/Business and economy

Simultaneous recruiting of new graduates or periodic recruiting of new graduates (新卒一括採用, Shinsotsu-ikkatsu-saiyō) is the custom that companies hire new graduates all at once and employ them. This custom was unique to Japan and South Korea. A 2010 age discrimination law enforced in South Korea bans employers from discriminating against job-seekers who have not recently graduated from high school or university. Japan is now the only country practising this custom; however, in 2018, the Japan Business Federation (Keidanren) announced that its 1,600 member companies, which represent a large portion of Japan's big business companies, would no longer be required to follow the custom from 2020 onwards.

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