In smaller companies, an entirely different corporate culture developed. Similar to the Meister system of Germany, new recruits are placed under skilled senior specialists and spend years learning every technique that they have. They are trained to develop deeper understanding of specific areas of skills instead of the broader and less deep training that those in a larger corporation receive. They learn to produce work of higher quality using few simple tools and few or no advanced industrial tools.
Read more about this topic: Japanese Management Culture
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... Aberforth Smaller Companies Trust (LSE ASL) is a large British investment trust dedicated to investments in smaller companies, those with a capitalisation below £1.264 billion as of 1 January 2012 ... The firm is the largest UK Smaller Companies Investment Trust ... It operates a diversified portfolio of over 80 companies, and is 8.2% geared as of 19th April 2012, with £717m of net asset value ...
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Famous quotes containing the words companies and/or smaller:
“Socialite women meet socialite men and mate and breed socialite children so that we can fund small opera companies and ballet troupes because there is no government subsidy.”
—Sugar Rautbord, U.S. socialite fund-raiser and self-described trash novelist. As quoted in The Great Divide, book 2, section 7, by Studs Terkel (1988)
“The smaller the person, the less we worry about his dignity. Sometimes we even find the idea a little ludicrous as if smallness and inexperience were incompatible with anything so majestic as human dignity....Yet children have a great sense of their own dignity. They couldnt define what it is but they know when it has been violated.”
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