The Japanese ‘lifetime employment system’ and culture doesn’t take kindly to risk. This means there are some policies that don’t make the process of finding private capital simple. Most entrepreneurs don’t work for start-ups. Rather, they go into the government or large companies – the elite jobs. But things are changing.
“Companies now hire more temporary employees, and those people are more likely to start companies to gain a better sense of security than being a temporary employee,” said Robert Eberhart, an Assistant Professor of Management at Santa Clara University. Read More