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Week 4 (1600) - Coggle Diagram
Week 4 (1600)
Why Asia?
Increasing Globalisation
International de-regulation
'Diversify or die'
Internationalise imperative
Growing population
40% of global economy
1/3 total FDI
3 billion middle-class by 2030
Why not Asia?
GHG emissions
Cultural differences
Potential for political conflict
SE Asia "THE ENGINE"
EXAMPLE: Gucci
Italian Est.1921
Introduced A “China First” approach
37% revenue in 2011
East Asian management
Large private sector organisations are major employers
Closely linked with ruling political elite
Support for long-term planning and risk minimisation
Saving face
Social & business relationships critical for success
Growing focus on IP protection
Historically, significant state intervention
Underrepresentation of women in labour force
Regionally unique
managerial implications
cultural factors
economic factors
political factors
West Vs East
Western Management
Individualist
Focus on Shortermism
Limited hierarchy
Merit-based rewards
Priority of Shareholders
move towards capitalism
Eastern Management
Collectivist
Long-termism
Seniority-based
authority
rewards
Multiple stakeholders