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International Management: Focus on Asia - Coggle Diagram
International Management: Focus on Asia
Why Asia; Specifically South & South-East Asia?
International management
Ongoing & increasing globalisation
Management in Asia
60% of world population & 40 % of the global economy
Rising middle class
GHG > global average.
South & South-East Asia
PRC & Indian (most populous and largest
transition)
Japan & PRC(competitors to US)
Taiwan, S’pore, Hong Kong & South Korea(Tiger economies)
Global brands
Cheap and skilled labor force
West versus East: Difference
Culture difference
Eastern Countries
Power Culture
Politics play a major role
"Powerhouse" of global economy
Individualistic
Confucianism
Emphasis in education
Socio-technical System
Western Countries
Merit based system
Experience is given more value compared to academics
Collectivist
Flatter Hierarchy
East Asian Management System
Characteristics
Long-term Planning
Risk Minimisation
Diversification
Ruling political elite
Transitional nature of economies
Social & business relationships critical
Networks
Saving face
Avoid individual deficiencies
State Intervention
e.g. price controls
Focus on Interlectual Property protection
Underrepresentaiton of women
Patriarchal
Regionally Unique Managerial Implications
Economic factors
Rising gloabal powerhouse
Embracing capitalist pursuits
Privitisation
Growing income gaps
Political factors
Close relationship between leaders
Political and business
Growing political influence
Protection of IP
Leaders may embrace 'western' values
Tension in East-Asia
Due to complex history
Cultural factors
Value hierarchy/seniority
Relations are important
Some more so than others
Emphasis on education
Savings driven
Confucianism
Three values
Reciprocal obligations
Honesty
Loyalty