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keiretsu
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Definitions of keiretsu in various dictionaries:
noun - a coalition of business groups in Japan
KEIRETSU - A keiretsu (系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relation...
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| A network of businesses that own stakes in one another as a means of mutual security, especially in Japan, and usually including large manufacturers and their suppliers of raw materials and components. |
| in Japan, a group of companies that are closely connected, for example because they own shares in each other, and that work together to develop and protect each other's business: |
| Keiretsu description |
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A keiretsu (系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relationships and shareholdings. It is a type of informal business group. The keiretsu maintained dominance over the Japanese economy for the second half of the 20th century. * The member's companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in projects. It is a key element of the manufacturing industry in Japan. |