Japanese national railways privatization study II : institutionalizing major policy change and examining economic implications
Koichiro Fukui | Kiyoshi Nakamura | Tsutomu Ozaki | Hiroshi Sakamaki | Fumitoshi Mizutani
The hard work of restructuring a state-owned enterprise and preparing it for privatization goes on well after the initial heady reorganization (which marks the beginning of the process) has ended. Even after final plans have been developed and agreed to, a need persists for flexibility and fine tuning in the tactical planning process, which proceeds in parallel with the implementation of restructuring of a large state enterprise. This volume allows us to look inside the process of enterprise restructuring. With unique clarity and insight it explains the responses and resourcefulness of Japanese authorities in continuing to guide one of the largest state-owned enterprises - Japaneses National Railways - through the thickest and challenges of privatization. It allows us to measure the progress which has been made since ambitious privatization plans were agreed to in 1986 and explains the ongoing need for fine tuning of restructuring efforts in response to unanticipated shifts in the business and competitive environments. The need to run a railroad on a day-to-day basis further complicates the process.
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