In Japan, the weight of tradition slows down management innovation. Nonetheless, for the past year or two, the banking sector, one of the country’s most conservative sectors, is trying to innovate its way of working. Banks are trying to overhaul a nationwide image pulled down by inertia and out of date thinking.
Franco-Japanese Pierre Tuvi, Associate Director of SyVision, an international advisory firm confirms, “For several years we see banks such as Mizuho trying to lead the way in Japanese management and innovation.” For banks like these it is now a question of changing the nationwide image of a sector weighed down by inertia and archaism. With 0% female representation on the banking sector’s boards of directors (as compared with 1% in other sectors), Japan is the winner in the developed nations’ glass ceiling awards.
Do you have information to share with us?