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week 4 introduction to management, Management in Asia (LO4:Impact of…
week 4 introduction to management, Management in Asia
LO1:Why Asia, in particular, South & South-East Asia ? 40% of the world economy,
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LO4:Impact of cultural, economic, & political factors on East-Asian Management
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Malcom Warner chapter 17 Managing across diverse cultures in East Asia
the problem of managing across diverse cultures in East Asia looking at influences on the Macro-(economy) level and well as the Micro-firm level concentrating on China, Japan and south Korea.
belief system of Confucianism
"West leads East" versus "West meets East"
globalisation yet Asian societies have still retained distinctiveness
management structures are hierarchical
Women's participation in the labour force
managers are motivated by monetary reward
investment in education
managers make up a small majority yet they constitute an elite that is of growing importance
Asia as the "powerhouse" of the Global Economy
china has displaced Japan as number 2 in terms of GDP.
versus the US
the nature of enterprise in asia has changed from being under state control to being a mixture of public and private.
china is a hard and soft power in the region
today china is increasing its sphere of influence and asserting its hegemony.
china deliberately changed from "Command" to "Market" economy.
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West Meets East: toward an am bicultural approach to Management weekly reading
the GFC destroyed wealth in both the public and private sectors
short-termism to blame and excessive risk taking
pressure on managers in pursuit of the bottom line.
maturation of Western Markets provides challenges
from "west leads East" to "West meets East", the world is experiencing rebalancing
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