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WEEK 4: Management in Asia (MANAGEMENT IN ASIA = IMPORTANCE (4.4 billion…
WEEK 4: Management in Asia
SOUTH & SOUTH-EAST ASIA
China - India = largest economies
Japan + China = most competition w US
tiger economies = dynamic economies of Taiwan, S'pore, Hong Kong & South Korea
global brand: Samsung, Toyota, Honda, Acer, Lenovo, Alibaba
rapidly expanding skilled labour force - within & outside
do they do something different, they employ ppl different way unique structure within culture that enable them to perform at higher level?
MANAGEMENT IN ASIA = IMPORTANCE
4.4 billion ppl = 60% World
40 % global economy
2/3 global growth
1/3 of global FDI inflows (>1/2 trillion USD)
world leader => reduce poverty, living standard improved significantly
rising middle class ( might * 2 in 2030)
region's greenhouse gas (GHG) grew faster than the global average ( environment damage, polluted air, climate change => reduction of carbon footprint
expectation bt consumerism = expectation in term of society should be organised , how invest should be manage
WESTERN VS EASTERN MANAGEMENT
WEST
short - termism
limited hierarchy
early adopter & proponents of capitalism
merit - based
individualist
shareholders - primary stakeholder
EAST
long - termism
steep hierarchy
reluctant follower of capitalism
multiple equally important stakeholder
collectivities (no freedom)
seniority-based
EAST-ASIAN MANAGEMENT SYSTEMS
social & business relationships = success
saving face (indirect communication)
closely linked with ruing political elite (role of orga run same as country) => significant control >< USA
historically, significant state intervention (Eg price control)
large private sector orga => major employers critical to each country's national economy
growing focus on IP protection
long-term outcome, risk minimisation through diversity
underrepresentation of women in labour force (as man is major)
IMPACT FACTORS
CULTURAL (
CONFUCIANISM
)
value hierarchy/ seniority
relationshils important
emphasis on education
saving driven
high morals, ethical conduct & loyalty to other are stressed
ECONOMIC
embracing capitalistic pursuits despite limited political freedom (benefit of individual - capitalism= make it reality)
privatisation of previously state-controlled entities (focus on maximise)
rising powerhouse of global economy (great control => increase confident in making decision )
growing income gaps within countries (wealth keeps wealthier), poor = poorer) REVOLUTION
POLITICAL
tension within East - Asia due to shaped complex history
eg
china - japan
close relationship bt political & business leaders (men)
growing political influence in other regions through business expansion (Africa - natual environment resources) ( how you make profit in certain situation)
significant exposure bt WE education (US, USK, AUST) future political & business leaders may embrace more western value
AUST interested in education => induce the western thinking)