🇯🇵 The Light and Shadow of a Technological Powerhouse, and the Role of Marketing
Japan boasts the world’s most advanced technological capabilities and still maintains overwhelming competitiveness in fields such as manufacturing, precision instruments, and craftsmanship. There are countless fields where Japan holds top global market shares, including automobiles, semiconductor manufacturing equipment, and medical devices. On the other hand, another aspect comes in and out of view: the delay in digitalization and the rigidity of business customs are holding the country back, making it difficult to adapt smoothly to changing times.
Especially in international markets, the lack of a marketing strategy is weakening the presence of Japanese brands. The success experience from the period of rapid economic growth—”if you make a good product, it will sell”—is still deeply rooted, and cases where there is a lack of continuous effort to enhance brand value are conspicuous. As a result, there are many instances where companies get caught up in price wars or find it difficult to secure proper profits.
For example, a certain home appliance manufacturer had products that were highly evaluated globally, but kept its advertising investments and brand appeals lower compared to its Western competitors. During that time, the brand faded from consumers’ memories, and before they knew it, they had lost market share. The reality that “high quality does not equal market success” is evident here.
📊 Reference Data:
-
World Competitiveness Ranking (IMD 2023): Japan ranks 35th (High in technological capability, but low in business efficiency).
-
DX (Digital Transformation) Adoption Rate: About 32% in Japan compared to about 65% in the US (According to the Ministry of Economy, Trade and Industry).
-
Digital Advertising Ratio in Domestic Advertising Expenses: About 43% in Japan, compared to over 70% in the US.
In this series, we will not only organize marketing issues at the corporate level but also delve into how they affect the cultural, social, and national levels. We will then explore how marketing can be utilized to bridge the gap between Japan’s “advanced” and “backward” aspects.
Starting today, for 7 days, we will present 7 questions from different perspectives in order. Next time, we will look at the historical background of why the “ability to sell” is hard to nurture in Japan. (To be continued) 📈✨
Related Article: IMD “World Competitiveness Ranking” Related Article: World Economic Forum “How can Japan navigate digital transformation ahead of a ‘2025 digital cliff’? “ You might also be interested in our past articles: “Seeds of Marketing 32: Briefing for Agencies (3)
