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The New, Improved "Keiretsu"
Aoki, Katsuki; Lennerfors, Thomas TaroArticle HBS-R1309J-EDuring the past decade, some of Japan's most dominant companies have been quietly turning their supplier relationships into a tool that helps them innovate faster while radically cutting costs. This is the new keiretsu--a modern version of the traditional system in which buyers formed close, collaborative associations with suppliers. Toyota provides a compelling example of how keiretsu, which lost luster during the cost-cutting of the 1990s, is b...Starting at €8.20