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Management in Asia (why asia? (home to 60% of worlds population, accounts…
Management in Asia
why asia?
home to 60% of worlds population
accounts for 40% of global economy
predicted to deliver 2/3 of economic growth in coming years
accounts 1/3 of global FDI flows
over last 35 years asia has reduced poverty and increased health
management systems
private sectors critical to each countries economy
focus on IP (intellectual property) protection
state intervention was historically important
uses diversification to minimise risk
differences
west
individualistic
early adopters and proponenets
short-term focus
limited hiearchy
merit based
shareholders are the primary stakeholders of organisations
east
collectivist
reluctant followers of capitalism
long-term focus
steep hierarchy
seniority-based
multiple equally important stakeholders