The study, by Rajshree Agarwal and Serguey Braguinsky of the University of Maryland and Atsushi Ohyama of Hitotsubashi University, documented the history of 90 cotton-spinning businesses and their employees, and found that seven of these businesses became “centers of gravity,” their term for companies that grew and thrived through innovation and acquisitions of rivals.

Read this article: “Japan had a war for talent a century ago. Silicon Valley can learn from it” at Quartz at Work