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ECONOMY > Labor

METI to foster female business leaders via Harvard-style approach

  • August 22, 2016
  • , Nikkei , p. 3
  • Translation

This autumn the Ministry of Economy, Trade and Industry will partner with public-interest corporations to launch a training program that caters to the needs of female senior executives and candidates for managerial positions within the private sector. The program is designed to provide opportunities for female executives to learn management expertise firsthand. In January, for example, a special camp session will be held to study business strategies from Harvard Business School lecturers. It is also designed to facilitate people-to-people interactions among female executives, who remain minorities within their organizations and tend to be isolated, beyond their companies.

 

METI will earmark the necessary funding in a supplementary budget draft for fiscal 2016. The program will feature a five-day camp to learn Harvard-style management strategies, which will be conducted as the ministry’s auxiliary project. Lectures and symposiums will be held about once a month by inviting government officials and business leaders. It will start in November and run through mid-next year.

 

METI expects companies to pay fees for the training program, which is estimated to cost about 1 million yen per person. The program will  target those above the rank of department chief and be open to financial institutions, manufacturers and many other industries. It is also designed to encourage women to interact with people in similar positions across a range of fields and build personal connections.

 

The program was carried out on a trial basis for a year from June 2015. METI decided on a full launch due to the positive feedback.

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