According to the New York Times, profitable business owners in Japan cannot find successors. As a result, one model is to give the business away.
- In a few words explain the underlying problem that business owners are facing.
- According to Japan’s trade ministry, how many profitable companies will close by 2025?
- How much could the closing companies cost the economy?
- How many jobs could be lost if these profitable companies close?
- Why don’t the children of the business owners want to take over the businesses?
- What is the company Relay’s role in this dilemma?
Dooley, B. and H. Ueno. (2023). Japan’s Business Owners Can’t Find Successors. This Man Is Giving His Away. The New York Times, Jan. 3 (Retrievable online at https://www.nytimes.com/2023/01/03/business/japan-businesses-succession.html)