International comparative study on open innovation from the viewpoint of organisational ability, including research on corporation ambidexterity

When the asset bubble burst in the early 1990s in Japan, a long period of economic stagnation followed. Professor Toshiro Kita, Graduate School of Management, Doshisha University, Japan, believes a lack of understanding of the importance of business ambidexterity contributed to this difficult period for Japanese firms and that understanding and utilising ambidexterity could have significant benefits for businesses. Kita is interested in innovation management and the ways in which the application of ambidexterity can help businesses. He believes that businesses can thrive by adopting the Observe, Orient, Decide, Act (OODA) loop alongside the Plan-Do-Check-Act (PDCA) Cycle and his work also looks at other aspects of innovation management, such as entrepreneurship, disruptive innovation and corporate culture and cognitive bias, as well as innovation management in the context of COVID-19. This later strand of research involves looking at how ambidexterity can help businesses to thrive in the current challenging climate. A recent important finding for Kita, which emerged from his project 'Study on Ambidextrous Capabilities of Japanese Electronics Firms' was that firms that were performing well conducted exploration during phases of growth and exploitation during phases of decline and this was the opposite way round for firms performing poorly. This served to highlight how exploration and exploitation can be successfully implemented. Through hosting workshops and seminars Kita shares his findings and knowledge and he also collaborates with industry groups.

Politica monetaria, prezzo degli asset e ciclo immobiliare

Asset prices depend on monetary policy of credit expansion. This mechanism is the trigger of economics cycle (boom and bust) that eventually leads the production structure to get narrower and to capital destruction. CBs have a dilemma: after an asset bubble explosion, doing again with policy of credit expansion (the same that produced the cycle) to fight de-flationary effects, above all in banks balance sheets, or trying to prevent the asset bubble explosion throughout QE policies, endangering real economy with inflationist pressures. That is a dilemma without solution. The solution is the elimination of CBs, the return to real money in a free market environment, with an unadulterated gold standard and the respect of traditional principles of contract in the banking sector. We need study the monetary system in terms of quality of money and not according the Quantity Theory of Money. Key words: Monetary Policy, Asset Prices, Asset Bubbles, Business Cycles, Housing Market, Quality of Money vs Quantity of Money. JEL Classification: E2, E21, E3, E32; E42, E5, E52, R31. Resumen: Los precios de los activos dependen de la política monetaria de expansión. Éste mecanismo es el desencadenante del ciclo económico que lleva a un estrechamiento de la estructura productiva y a la destrucción de los bienes de capital. Los bancos centrales se encuentran frente a un dilema: tras la explosión de la burbuja, o actuar con políticas de expansión para evitar las consecuencias de la deflación monetaria en particular sobre los balances de los bancos, o intentar evitar la explosión de la burbuja con más inyección de crédito, pero con el peligro de inflación de los precios en la economía real. Se trata de un dilema sin solución. La solución para eliminar los ciclos es la desaparición de los bancos centrales, el retorno a la «mo - neda-sana», al libre mercado, al patrón oro y al respeto de los principios tradicionales del derecho en el sector bancario. El análisis hay que efectuarlo no en terminos de la cantidad ideal de dinero, sino en terminos de la «ca-lidad» del mismo. Palabras clave: Política Monetaria, Precios de los Activos, Burbujas, Ciclos Económicos, Mercado Inmobiliario, Calidad de la Moneda vs Cantidad de la Moneda. Clasificación JEL: E2, E21, E3, E32; E42, E5, E52, R31.

Predictive Analytical Model for Microblogging Data Using Asset Bubble Modelling

In recent days, social media plays a significant role in the ecosystem of the big data world and its different types of information. There is an emerging need for collection, monitoring, analyzing, and visualizing the different information from various social media platforms in different domains like businesses, public administration, and others. Social media acts as the representative with numerous microblogs for analytics. Predictive analytics of such microblogs provides insights into various aspects of the real-world entities. In this article, a predictive model is proposed using the tweets generated on Twitter social media. The proposed model calculates the potential of a topic in the tweets for the prediction purposes. The experiments were conducted on tweets of the regional election in India and the results are better than the existing systems. In the future, the model can be extended for analysis of information diffusion in heterogeneous systems.

Optimal Macroprudential Policy and Asset Price Bubbles

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. We show analytically and quantitatively that the macroprudential policy should optimally respond to building asset price bubbles non-monotonically depending on the underlying level of indebtedness. If the level of debt is moderate, policy should accommodate the bubble to reduce the incidence of a binding collateral constraint. If debt is elevated, policy should lean against the bubble more aggressively to mitigate the pecuniary externalities from a deflating bubble when constraints bind.

Young people, precarious work, and the development of youth employment policies in Japan

Japan's labor market has been under severe strain over the past few decades, driven by its protracted economic recession, a series of labor market reforms, and changing labor management practices. Confronting these new challenges, an increasing number of young people have had extreme difficulties in searching for decent and stable jobs in the labor market, trapped in the vicious cycle of precarious employment. This paper examines the deterioration of employment and labor market conditions for Japan's youth after the collapse of the asset bubble in the early 1990s and the government's policy efforts to address these concerns, especially since the early 2000s, a period during which it has initiated a wide array of youth employment and labor market policies. In particular, it analyzes variations in policy target group and goal across different measures and evaluates the effectiveness and limitations of these programs in dealing with youth problems in the labor market. This paper argues that while the government has promoted various policy tools to help young people become economically and socially independent individuals, it has gradually shifted its policy focus toward human capital development for growth and industrial competitiveness as a way of revitalizing Japan's troubling economy.