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Corporations in Evolving DiversityCognition, Governance, and Institutional Rules$
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Masahiko Aoki

Print publication date: 2010

Print ISBN-13: 9780199218530

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199218530.001.0001

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The Evolving Diversity of the Corporate Landscape

The Evolving Diversity of the Corporate Landscape

(p.149) 5 The Evolving Diversity of the Corporate Landscape
Corporations in Evolving Diversity

Masahiko Aoki

Oxford University Press

This chapter first depicts an increasing diversity of Japanese corporations in which a non-traditional mode, characterized by market monitoring of relational employment, becomes emergent side-by-side with other modes as complements. This mode is interpreted as indicating the increasing essentiality of workers' cognitive assets in corporate cognitive systems, and it is argued that similar phenomena are evolving in other developed economies as well, modifying traditional national models. The chapter discusses the economic merits, social consequences, and political agendas associated with this emergent diversity in the global corporate landscape. Particularly it calls for the re-definition of the role of financial intermediaries and markets as infrastructures complementary to diverse corporate organizations as opposed to being their omnipotent principals.

Keywords:   Japanese corporations, diversity, corporate landscape, varieties of capitalism

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