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🇺🇸🇯🇵 How the Japanese art of Kintsugi can help you deal with difficult challenges
GMI POST
June 12, 2024
When was the last time you failed and what did you learn from it?
JAPANESE BUSINESS CONCEPT OF THE WEEK
Kintsugi
Literal English translation: “golden repair”
Derived from the traditional Japanese art of repairing broken pottery using lacquer and gold, Kintsugi is also a popular business philosophy that encourages leaders to view difficult challenges as opportunities for improvement.
Kintsugi is all about embracing setbacks and failures.
This Japanese philosophy teaches business leaders to adopt a culture of resilience and adaptability. When leaders foster a supportive environment where employees feel empowered to learn from mistakes, the entire business ultimately performs better.
This Japanese philosophy reminds us of an important lesson:
You can always turn flaws and setbacks into strengths.
THE HEADLINES
In this week’s edition of U.S.-Japan Weekly:
🚀 U.S., Japan gear up for trillion-dollar space economy
🤝 U.S. Steel, Nippon Steel bag non-U.S. approvals for mega-merger
🛡️ U.S. and Japan to launch defense collaboration forum
NEWS
U.S., Japan gear up for trillion-dollar space economy
A rendering of Sierra Space's Dream Chaser spaceplane in orbit (Photo source: Sierra Space)
🇯🇵 TOKYO, JP — With the global space economy projected to be worth $1 trillion by 2040, it looks like companies in the United States and Japan want to stay ahead of the competition.
READ MORE
NEWS
U.S. Steel, Nippon Steel bag non-U.S. approvals for mega-merger
Based in Tokyo, Nippon Steel outbid other global giants, like Cleveland-Cliffs, ArcelorMittal, and Nucor, to buy U.S. Steel. (Photo source: Nikkei Asia)
🇯🇵 TOKYO, JP — U.S. Steel and Japan's Nippon Steel have secured all the needed regulatory approvals outside the United States related to its planned $14.9 billion merger. The deal, which will create one of the world’s largest steel producers, now requires the approval of U.S. regulatory and antitrust authorities.
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NEWS
U.S. and Japan to launch defense collaboration forum
American and Japanese soldiers during a joint defense exercise (Photo source: Council of Foreign Relations)
🇺🇸 WASHINGTON, DC — Following up on the recent agreement between U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida to strengthen defense cooperation, the United States and Japan will convene next month the first Forum on Defense, Industrial Cooperation, Acquisition, and Sustainment (DICAS) wherein they will identify the priorities to boost their partnership.
READ MORE
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