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International Management - ASIA - Coggle Diagram
International Management - ASIA
East Asian Management Style
:star:Characteristics
long-term planning, risk minimisation
Major employers = large private sector organisations
Closely linked to ruling political elite
Social and business relationship = success
Historically, significant state intervention
SAVING FACE :smiley:
Increasing focus on INTELLECTUAL PROPERTY protection :
Women - underrepresented in the labour force
International Management - South & South East Asia
International Management
Globalisation
Blurring of borders
'Diversify or die'
Asia
South & South East Asia
'The Engine'
Rapidly expanding skilled labour force
China and India - largest economies & populations
Greatest competitor to U.S
Global brands
Samsung, Lenovo, Acer etc.
Toyota, Hyundai, Honda
Home to 4.4 billion people
40% of Global economy
Western vs Eastern Management
Western Management
Individualist
Short-termism
Capitalism - early adopters
Merit Based
Primary Stakeholders: Shareholders
Eastern Management
Collectivist
Long termism emphasis
Steep hierarchies - seniority based
Reluctant followers of capitalism
Multiple equally important stakeholders
Regionally Unique Managerial Implications
:Star:Cultural Factors
Confusionaism
High morals, loyalty, ethical conduct
3 Key teachings
Loyatly
Recipprocal obligations
honesty
Emphasis on education
Hierarchy/seniority
Relationships are very important :silhouettes:
$$$ Savings driven
:star:Economic Factors
Rising global economy powerhouse
Embracing capitalistics ideas
Privatisation
Growing income gap (middle class)
:star: Political Factors
Tension within East-Asia
Close relationship - political and business leaders (men)
Growing political influences in other regions through business expansion (Africa)
Protection of IP
future -> more 'western' values (education)