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International Management: Focus on Asia - Coggle Diagram
International Management: Focus on Asia
South and South East Asia
Rising Middle Class
40% of the global economy
China and India have the largest populations
Rapidly expanding skilled labour force
Global brands
Competition vs US
West vs East Asia
Western Management
Individualist
Merit-based
Limited hierarchy
Short-termism
Shareholders equal
Eastern Management
Collectivist
Seniority-based
Steep hierarchy
Long-termism
Shareholder focus
East Asia Management Systems
Social & business relationships critical for success
Under- representation of women
Long-term planning and risk minimisation
Closely linked with ruling political elite
Savings face = avoid humiliation
IP protection
Regionally Unique Management Implications
Economic Factors
limited political
freedom
Growing income gaps within countries
Rising powerhouse of global economy
Cultural Factors
Emphasis on education
Savings driven
Value hierarchy/seniority
High morals, ethical conduct, and loyalty
Political Factors
Men are often political and business leaders
Growing political influence in other regions through
business expansion (e.g. Africa)
Tension within East-Asia due to history