The point of op risk

Risk analysis

More than 50 years ago, following their country’s defeat in World War II, some forward-looking Japanese business leaders sought ways to boost the country’s economic recovery. In their search to achieve a competitive edge, they believed improved product quality was a key requirement. At the time, to put it bluntly, ‘Made in Japan’ was a joke, synonymous with cheap products and shoddy workmanship. In seeking to change that reputation, Japanese business leaders were impressed by the work of a US

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