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WEEK 4: MANAGEMENT - Coggle Diagram

- - - - great support for long-term planning & risk minimisation
      - large private sector organisations are major employers
      - organisations are closely linked with ruling political elite
      - social & business relationships critical for success
      - saving face
      - historically, involves significant state intervention (price controls)
      - growing focus on intellectual property protection
      - underrepresentation of women in labour force is an issue
- - - - Confucianism (high moral, ethical conduct & loyalty is stressed)
      - emphasize on education
      - value hierarchy
      - internal and external relationships are important
      - savings driven
    - - rising powerhouse of global economy
      - embrace capitalistic pursuits (despite limited political freedom)
      - privatisation of previously owned state-controlled entities
        
        reflects more Western Structure
      - growing income gaps within countries
        
        rise in middle class & shift away from communist economic system
    - - shared complex history cause tension
      - political & business leaders have close relationship
      - growing politcal influence in regions through business expansion
      - protection of intellectual property highlights the right to protect ownership & enforcement
        
        push towards anti-corruption & protectionism
      - embracing more "Western" value due to exposure in western education