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Management In Asia - Coggle Diagram
Management In Asia
Asia
60% of world population
40 % of the global economy
1/3 of total global FDI inflows
2 largest transition economies
India & China
Greatest competitor to US
Several booming economies
Global brands: Samsung, Toyota, Honda
improved skilled labour force
East Asia
long-term planning
risk minimisation
ruling political elite
success in social + business relationships
save face
focus --> IP intervention
women --> under representation in labour force
Western Management
Individualist
Capitalist
Short term
Flatter hierarchy
Merit-based
Shareholder (most important)
Eastern Management
Collectivist
Reluctant followers of capitalism
Long term
Steep hierarchy
Seniority-based
Stakeholders (equal)
Regionally Unique Managements
Cultural
Confucianism
high morals
ethical conduct
3 key teachings
loyalty
reciprocal obligations
honesty
emphasis --> education
heirachy / seniority
relationships important
savings driven
Economic
embrace capitalistic pursuits
privatisation
growing income gaps
Political
tension within east asia
close relationship b/w political + business
growing influence
protection of IP
ownership + enforcement
may embrace more western values