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keiretsu
(redirected from Keiretsu system)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
kei·ret·su  (k-rts)
n. pl. keiretsu or kei·ret·sus
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.

[Japanese, series, affiliation : kei, system + retsu, row, line.]


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Further, given that the keiretsu system is a key distinguishing feature of the Japanese industrial system, we also investigate the differences between keiretsu and non-keiretsu firms in how they responded to these two forces.
While the pyramidal tier structure has long dominated the relationship between carmakers and parts suppliers throughout the world, the keiretsu system kept Japanese suppliers especially bound to OEMs because of cross shareholdings.
The relationship web The keiretsu system (wherein large Japanese companies own a percentage of their top suppliers) has been used for many years in Japan.
 
 
 
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