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Week 4 Managing in Asia (Western Management (Individualist, Limited…

- - - - High Morals
      - Ethical Conduct
      - Loyalty
  - - - E.g. PRC - women’s participation in the labour force has fallen in recent years to about 64% from 73% in 1990
  - - - Recent shift away from UK, GER, FRA, US Superpowers
    - - Different areas of market
    - - led to further disparity in wealth and income
      - economic boom in china = management style changes
  - - - China= 1 Union= ACFTU
      - Other countries= Enterprise based unions
- - - - Profound learning
      - Embraced models of government
      - Leadership
      - Absorbed the richness of
      - Goals are often fundamentally similar but the language and interpretation may often be different
    - - Recognition of shortcoming presented by globalisation and emerging markets
      - Opening for a new way of thinking
      - Ability to see wisdom/strength in other culture
  - - - Social good and self interest
      - trust based and legal relationships
      - Teamwork and individual achievement
      - Risk taking and caution
      - Business and society
      - Locally sensitive and foreign
- - - - Harmony and Collectivism
      - Seniority and Mentorship
      - Long Terminism
    - - Secrecy
      - Centralised Authoritarianism
      - Ethnocentrism
      - Individuality
      - Mistrust