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Management in South and South East Asia - Coggle Diagram
Management in South and South East Asia
Why Asia?
reality of international management
increasing globalisation
blurring international borders
"diversify or die"
increasing competition
4.4 billion people
40% global economy
1/3 total global FDI inflows
home to PRC and Indian
largest transition economies
global brands
Samsung
Toyota
Honda
Hyundai
HSBC
apple
Razer
west v East differences
west
individualist
early adopters
capitalism
short terminism
limited hierarchy
merit-based
shareholders primary stakeholder
east
collectivist
reluctant to capitalism
long termisn
steep hierarchy
greater value on seniority
multiple equally important stakeholders
likely to be more emphasis on corporate loyalty
similarity
encourage for innovation
embrace a common set of value
invest in training employees
factors influencing
cultural
confucianism
loyalty
reciprocal obligations
honesty
education
value hierarchy
savings driven
economic
embracing capitalism
growing income gaps
political
tension within East Asia
business expansion
embracing democracy
freedom
exposure to western education