QP-CCSM-BG.docx - INSTITUTE OF MANAGEMENT TECHNOLOGY...

This preview shows page 1 - 2 out of 2 pages.

INSTITUTE OF MANAGEMENT TECHNOLOGY - GHAZIABAD Post-Graduate Diploma in Management – Full Time (Batch 2019 – 21) End Term Exam: VIII (Take Home Examination) Subject: Cross-Cultural Skills for Managers (CCSM) Faculty Name: Prof. Bindu Gupta Examination Date: 12.04.2021 Time: 2hours 30 minutes Maximum Marks: 40 Weightage: 40% CASE- 1 The Olympus Debacle- Western Leader Clashes with Japan's Corporate leadership style In a public ousting rare in staid corporate Japan, Olympus on Friday demoted its British chief executive, Michael C. Woodford, after only six months in the job, citing a management culture clash with the company's mainly Japanese executive team. The success of Japan's Olympus was based largely on the corporate leadership system—consensus- driven, government-supported, and rife with cronyism—that was successful when Japan was one of the fast-growing economies in the world. The camera maker and medical imaging company was largely protected in the folds of the keiretsu system in which Japanese corporations had cross-shareholdings and close cooperative ties. But the new CEO, Michael Woodford, a Briton with over 30 years at the company, was determined to expose some problems when he demanded an investigation into the $687 million in advisory fees that Olympus paid to an unknown group of people for the $1.9 billion purchase of the Gyms Group of Britain. The advisory fee, which was 30 percent of the purchase price of Gyms, has not since been traced. Woodford had demanded that chairman Tsuyoshi Kikukawa resign over a shameful situation involving $1.3 billion in acquisition writedowns and fees to mysterious advisers. Shortly after his

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture