This chapter examines the struggles small and medium enterprises in Japan face in raising prices against larger corporations. It features insights from a COO's experience in Matsue, detailing how training in negotiation and market strategies can empower these businesses to improve their pricing strategies for long-term success.
Costs are rising in Japan and small businesses risk being squeezed into oblivion if they don’t figure out how to raise their prices. After decades of deflation, many small Japanese companies are out of practice on exactly how to do it.
Today on The Big Take Asia, host Rebecca Choong Wilkins talks to Bloomberg senior editor Reed Stevenson about a class he visited where people are relearning the long-lost skill of negotiation, and what a failure to raise prices at these small businesses – which make up 90% of the economy – could mean for Japan’s future.
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