Thread regarding Ricoh layoffs

I'm shamelessly stealing this from another forum

A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their peak performance before the race.
On the big day, the Japanese won by a mile. The North Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat.
A management team made up of senior management was formed to investigate and recommend appropriate action. Their conclusion was the Japanese had 8 people rowing and 1 person steering, while the North American team had 8 people steering and 1 person rowing. So, North American management hired a consulting company and paid them a large amount of money for a second opinion.
They advised that too many people were steering the boat, while not enough people were rowing.
To prevent another loss to the Japanese, the rowing team’s management structure was totally reorganized to 4 steering supervisors, 3 area steering superintendents and 1 assistant superintendent steering manager. They also implemented a new performance system that would give the 1 person rowing the boat greater incentive to work harder.
It was called the ”Rowing Team Quality First Program“, with meetings, dinners and free pens for the rower. There was discussion of getting new paddles, canoes and other equipment, extra vacation days for practices, and bonuses.
The next year the Japanese won by two miles. Humiliated, the North American management laid off the rower for poor performance, halted development of a new canoe, sold the paddles, and canceled all capital investments in new equipment. The money saved was distributed to the Senior Executives as bonuses and the next year’s racing team was outsourced to India.

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| 2047 views | | 4 replies (last June 12, 2022)
Post ID: @OP+1h9BvMy2

4 replies (most recent on top)

Symptomatic drivel. The real problem is ricoh doesn’t make anything anyone needs.

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Post ID: @3amz+1h9BvMy2

I think you missed the point of the OP. American Corporation spend more time securing prosperity for their senior leadership than actually fixing problems. How problems are handled are too often based on how it will affect executive bonuses. I re-read the book Rising Sun written 1992. It talked how it was shameful for a Japanese Executive to take a bonus if the company did not do well. Even if their compensation plan allowed for it.

Since the GE leadership model took over corporate America the #1 goal of senior leadership is to secure their huge bonus, even if there is no money for merit increases.

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Post ID: @2qns+1h9BvMy2

This is a ridiculous & “shameless” example of ricoh Japanese kool-aide. Whenever there’s a shortfall ricoh execs are quick to blame the lazy, inefficient, North American worker. An explanation that’s easy to cook and quickly digested by senior mgt with an Ah-so…
If this is the case why did Ricoh buy ikon for a billion bucks? Epic fail! Fool me twice shame on Japan. The fact is that Ricoh has n’t made a relevant product for years and they don’t have the vision to make anything original that anyone wants. Copier? Xerox. Digital camera? Kodak. Tshirt printer? Anajet. Total fail.
Keep rowing that boat though ricoh japan, right down the St. Larry & right over Niagara Falls chasing xerox.
https://m.youtube.com/watch?v=4qMv02zxgdM

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Post ID: @ulj+1h9BvMy2

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