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W4. Management in Asia (Political Factors (Tension with east Asia, Close…
W4. Management in Asia
Characteristics
Region
1/3 of Global FDI (Foreign Direct Investments)
40% of Global economy
60% of global population
Greatest competitors to USA (PRC)
Management
Focus on IP protection
Saving face
Focused on Social and Business relationships
Underrepresentation of women
Supports long term planning
Comparison
East
Multiple equally important stakeholders
Collectivist
Seniority-based
Reluctant followers of capitalism
Steep hierarchy
Long-termism
West
Shareholders – primary stakeholder
Individualist
Merit-based
Early adopters & proponents of capitalism
Limited hierarchy
Short-termism
Cultural Factors
Confucianism
Reciprocal Obligation
Loyalty
Honesty
Emphasis on education
Values seniority
Savings driven
Political Factors
Tension with east Asia
Close relationships between business people and polictcians
Beginning to embrace Western Values
Protection of IP
Growing political influence globally(e.g. Africa)
Economical Factors
Privatising state entities
Growing income gaps
Powerhouse of global economy