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MGF1010 Week 4 - Coggle Diagram
MGF1010 Week 4
East Asian Management Systems
Long-term planning, risk minimisation
Large private sector
Linked with ruling political elite
Saving face
Significant state intervention
Underrepresentation of women in the workforce
International management
ongoing and increasing globalisation
Blurring of international boarders
'Diversify or die'
Internationalise imperative
Global expansion for competitiveness and survival
Political factors
Tension with East-Asia due to share history
Political and business leaders close relationships
Expanding political influence through business expansion
Protection of IP
Future may be more 'western' due to educatioin
Management in Asia
4.4 billion people
60% of the world's population
40% of the global economy
Rising middle class
Double by 2030 to 3 billion
1/3 total global FDI inflows
Economic factors
Rising powerhouse of global economy
Capitalistic pursuits despite limited political freedom
Privatisation of state-controlled entities
Growing income gaps
West vs East
West
Individualist
Early adopters and proponents of capitalism
Short-termism
Limited hierarchy
Merit-based
Shareholders - primary stakeholder
East
Collectivist
Reluctant followers of capitalism
Long-termism
Steep hierarchy
Seniority-based
Multiple, equally important stakeholdesr