Managers completely unable to cope with wage increases
With the arrival of the inflationary era in full swing, following raw materials,
labor costs are beginning to soar.
Management that has continued to rely on inexpensive labor without innovation,and
have continued to rely on inexpensive labor,the market will be facing an
exit from the market in the future.
The big problem is that most of Japan's small and medium-sized business
owners are simply work managers, not so-called business owners.
Thus, Japanese small and medium-sized enterprises are not well managed
by the management of incompetent people who have never studied management.
Such managers cannot cope with soaring labor costs,
The number of bankruptcies is at record highs in all industries.
Now is the time for a fundamental review of business operations, in other
words, a shift to high value-added businesses.
Only those managers who are willing to work hard to add value will be able
to survive.