InfoAnda - Teetering JAL pins hopes on management guru

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

American Idol best days may be over: poll | | 6 January 2011
Bacall, Corman, Willis to get honorary Oscars | 11 September 2009
Egypt Mubarak's trial to be postponed again - lawyers | | 30 October 2011

Amazon to allow library lending of Kindle books | | 20 April 2011

Forum Views () Forum Replies ()

Read more with google mobile : Teetering JAL pins hopes on management guru

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Teetering JAL pins hopes on management guru AFP - 2 hours 48 minutes ago Send IM Story Print Teetering JAL pins hopes on management guru Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Japan Airlines CEO Haruka Nishimatsu cut his pay, ate in the company cafeteria and even took the bus to work to help cut costs, but he couldn't stop the once-venerable carrier's financial tailspin. His anointed successor Kazuo Inamori, a respected entrepreneur and ordained Buddhist monk, is expected to oversee much more radical cutbacks at the debt-ridden airline, which is widely expected to file for bankruptcy this week. Inamori, the honorary chairman of Japanese high-tech maker Kyocera Corp., is being parachuted into JAL's cockpit by the government to replace Nishimatsu, who is set to step down despite being hailed for his humble management style. Inamori admitted this week he was a novice in the airline industry. But he is one of Japan's most well respected business executives and management gurus, having founded both Kyocera and a company that later became part of KDDI Corp., now Japan's number two telecommunication company. "He's a great entrepreneur, and perhaps entrepreneurship is what JAL badly needs," said Geoffrey Tudor, a principal analyst at Japan Aviation Management Research and former JAL employee. Inamori is "a very successful man in his own right. He didn't have any personal connections with important or influential people. He worked hard. He has a great personal ability," said Tudor. "I think Mr. Inamori will help boost the morale of JAL employees," he added. Inamori, who turns 78 years old on January 30, is a champion of deregulation and a philanthropist who entered the Buddhist priesthood at a temple in Kyoto in 1997 after retirement. The Kyocera founder created his own "amoeba management" theory whereby each unit of a company makes its own plans under the guidance of an "amoeba leader." Members of the unit pool their knowledge and effort to achieve business targets, giving all employees an active role. In one of his books, "Respect the Divine and Love People," Inamori says his management philosophy is based on the many obstacles he has overcome. "In both my professional and personal life, I have struggled with many dead-end situations which caused me endless agony," he wrote, according to excerpts on his website. "In those difficult circumstances, I would always go back to the fundamentals and ask myself, 'What is the right thing to do as a human being?' Everything I do in my work is based upon this fundamental principle." After contracting tuberculosis at age 13, when his home was also destroyed in an air raid, Inamori went on to study engineering and started a small ceramics company that he would transform into a leading high-tech maker. Now he is Japan's 28th richest person with an estimated wealth of 920 million dollars, according to Forbes Rich List. He faces a daunting task turning around JAL, which is expected to file for bankruptcy protection on Tuesday to make it easier to overhaul its debts and implement other measures likely to include about 15,000 job cuts. Related article: JAL, Delta reach deal on tie-up While the airline -- deep in the red -- is expected to keep flying during its restructuring, equity investors are expected to lose most or all of their money. Many shareholders have already bailed out and JAL's market value now stands at just 210 million dollars, having plummeted by 1.8 billion dollars in a week. JAL's financial implosion, analysts say, is the result of a decade of industry crises, management missteps and burdensome government policy that has seen the former state-owned flag carrier lurch from crisis to crisis. "If you look back there is a trail that leads to pretty much where we are now," said Peter Harbison, executive chairman of the Centre for Asia Pacific Aviation, a Sydney-based consulting firm. "It's a combination of years of protectionism, of being too close to government, of not taking the really difficult decisions. Not all of JAL's decisions are taken in a fully brutally commercial way." JAL is hamstrung by heavy costs stretching back to its days as a state-owned flag carrier, as well as Japan's high landing fees and political pressure to service unprofitable routes to small domestic airports, experts said. JAL has had a troubled record since its 1987 privatisation and a complex merger with domestic carrier Japan Air Systems which was finally completed in 2004 after years of negotiations and integration difficulties. Asia's biggest airline was also hit hard by the worst global recession in decades because it has sizeable international flight operations. "The Japanese market is ultra-sensitive. In times of financial crisis the money goes under the futon," said Tudor. Recommend Send IM Story Print Related Articles Google denies leaving China, seeks negotiations Reuters - 32 minutes ago Kuwait's CBK says all its board members resign Reuters - 44 minutes ago WRAPUP 1-Google denies leaving China, seeks negotiations Reuters - 48 minutes ago New emails show AIG mulled bank payment disclosures Reuters - 1 hour 16 minutes ago Earnings growth takes center stage Reuters - 1 hour 31 minutes ago News Search Top Stories Obama's 1st yr marked by diplomacy, but few results Obama surprises Michelle with birthday dinner British bank sector hails Obama bank levy as fair Rescuers battle to reach Haitians still alive in rubble Polish Prime Minister wins 2010 Charlemagne prize More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Cancer-stricken Dennis Hopper files for divorce Chicago businessman charged over Mumbai attacks Aborigines to ask Prince William for slain warrior's head Obama defends banking fee Johnson & Johnson accused of drug kickbacks More Most Viewed » Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 17 January 2010
Israel threatens to expel Turkish ambassador
Yahoo pulled into Google fracas, Alibaba reacts
Johnson & Johnson accused of drug kickbacks
Big powers meet on Iran but expectations low
Cancer-stricken Dennis Hopper files for divorce
Pakistani Taliban leader denies death on tape |
Darfur rebels say Sudan army attacks market area
Iraq says it captures man who oversaw UN bombing
Mexican crime reporter killed in apparent drug hit |
Port-au-Prince looting worsens, turns violent |
Spanish politician threatens to sue over bin Laden photo |
Pakistan, Afghanistan, Iran unite against extremism
French academic's lawyer upbeat on Iran verdict
Libya postpones trial of Swiss businessman |
Lawyer hopeful Iran will acquit French academic
Scenes from hell as dead pile up at Haiti hospital |
Iraqi former pilot accused in 2003 U.N. bombing
Apathy grips hard-up Ukraine village ahead of polls |
Afghan bomb kills NATO soldier as troop toll hits 27
Darfur rebels say Sudan army attacks market area |
For $65, tourists get peek at Los Angeles gangland
Rugged North Waziristan harbors US enemies
US Navy en route to make Haiti seaport usable
Pakistani Taliban leader denies death on tape
Ohio: Teen's suicide attempt ignored by guard
Pakistani Taliban chief alive after US strike
A documentary in the works for Balloon Boy's dad
Afghan lawmakers reject Cabinet nominees
Watchdog calls Afghan energy effort disappointing
NYC crews sent to Haiti draw on 9/11 experience
Afghan lawmakers reject majority of Cabinet picks
Civil unions may get quick vote at Hawaii Capitol
US: Brutality erodes Pakistani militants' support
Portland high-rise to get 250-foot-tall trellises
Japan's kingmaker vows to stay on as scandal widens
For health care, a frantic ride in the final days
USA network shakes up schedule under new strategy
Turkish movie sparks Israeli fury
Citigroup To Donate $2.0 Million To Haiti Recovery Efforts
Obama Tightens Leash On Financial Institutions In His Weekly Address
Iraq reclaims a Jewish history it once shunned
Mini drone and iPhone take video games to real world
World pledges quake aid, Haitians still waiting |
Polls open in Ukraine's presidential elections
Obama's 1st yr marked by diplomacy, but few results
No agreement on Iran sanctions
Polish Prime Minister wins 2010 Charlemagne prize
Obama surprises Michelle with birthday dinner
Apple turns up heat in Nokia battle with ITC filing
U.N. confirms death of Haiti mission chief Annabi |
EU pushes for deeper carbon emissions cuts
British bank sector hails Obama bank levy as fair
Pro-Russia politician set to sweep Ukraine polls
Ukraine votes in election key to foreign relations |
U.S. drone attack kills 7 in Pakistan's Waziristan |
Nexus One stumbles as Google joins smartphone race
No decision on new Iran sanctions
Rescuers battle to reach Haitians still alive in rubble
Abbas signals readiness to resume talks with Israel |
Angolan police arrest priest in Cabinda |
Abbas signals readiness to resume talks with Israel
As poll looms, Myanmar still building parliament |
Six major powers mulling new Iran sanctions: EU official
Dual images dilemma for Japan's ruling party: Ozawa |
Israel threatens to expel Turkish ambassador
Hesitant Wall Street looks for more recovery evidence
First Israeli Cabinet minister to visit Abu Dhabi
El Salvador's Funes apologizes for civil war abuses |
US-TECH Summary
Apple turns up heat in Nokia battle with ITC filing
Google denies leaving China, seeks negotiations |
Man of Haitian descent arrested in breach at JFK
1 dead, 5 pupils missing in Malaysia boat accident
Gunmen kill anti-Taliban tribal elder in Pakistan
A year later, hope dissolves into disappointment
Girl killed, 4,000 homeless in Manila slum fire
Yahoo pulled into Google fracas, Alibaba reacts |
Gunmen shoot Philippine passenger bus, wound 11
S.Korea's aims to boost medical tourism market
Japan threatens action on China gas project
Subsidies prop up cotton country through downturn
Dual images dilemma for Japan's ruling party
A by-the-numbers look at Obama's first year
12 wounded in Philippines bus ambush: military
Bodies of 8 China peacekeepers recovered in Haiti
Police report another sex assault in Calif. city
Ratings soaring for O'Brien
Utah Senate leader resigns 1 day after his arrest
Sri Lanka's Tamils wary of election spotlight
slammed by China partner for Google support
Teetering JAL pins hopes on management guru
China seeks to avoid Japan-style bust: experts
China markets set for new phase in 2010
Asia's IT parts makers struggle with demand boom
Google attacks spotlight global cyber espionage
`SNL' lampoons late-night mess with sketch
Ratings rise for O'Brien as nasty NBC exit nears
'Slumdog' director making film about hiker's story
Medvedev photo outdoes Putin's painting
Iraq's "Chemical Ali" gets 4th death sentence
'Beware Internet use', Malaysia warns
Ex-Tehran prosecutor rejects post-vote abuse report
Iraq's Chemical Ali gets 4th death sentence |
Afghan parliament to recess without confirming cabinet |
Iraq's 'Chemical Ali' sentenced to death
Israel's Barak in bid to mend fences with Turkey
Israeli minister visits Abu Dhabi for first time
US soldier dies in Afghanistan: NATO
Venezuela arrests alleged drug lord wanted by U.S |
Chile magnate may oust left, fights Pinochet ghost |
Man dies after setting off bomb in Iran city: report |
Pope says synagogue visit milestone despite problems |
Gunmen kill Afghan district chief, 5 other people
Obama to give church talk, stump in Massachusetts
Pakistani officials: Suspected US drone kills 12
The nation's weather
US drone strike 'kills 20 militants in NW Pakistan'
AP NewsAlert
Apple turns up heat in Nokia battle |
2 dead, 4 pupils missing in Malaysia boat accident
Veteran Indian communist leader Jyoti Basu dies
NKorea's Kim calls for stronger army amid tension
Haiti sympathy at Kobe memorial for 1995 quake
Indonesian Muslims protest Egypt's Gaza wall
Malaysia church attacks 'minor aberration': PM
Golden Globes host Gervais ready to play favorites
'Super nannies' for troubled Australian families
Hollywood gets ready for Golden Globes
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01