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Week 4 Management - International (Asia) (Why Focus On Management in Asia,…
Week 4 Management - International (Asia)
Reality of International Managment
ongoing and increasing globalisation
blurring of international borders
diversify or die
international imperative
global expansions for competitiveness and survival
Why Focus On Management in Asia
4.4 billion people (60%)
40% of global economy
1/3 of total global FDI
rising middle class
fast growing greenhouse gas emissions
South and South-East Asia - The Engine
PRC and India the two most populous and largest transitioning economies in the world
Former and current greatest US competitors
tiger economies of Taiwan, Singapore, Hong Kong and South Korea
Global Brans
Rapidly expanding skilled labour force
Management Differences
Western
individualist
early adopter and proponents of capitalism
short-termism
limited hierarchy
merit based
shareholders are primary stakeholder
Eastern
collectivist
reluctant followers of capitalism
long-termism
steep hierarchy
seniority based
multiple equally important stakeholders
East Asian Management Systems
Charcateristics
support for long term planning and risk minimisation
larger private sector organisations are major employers
closely linked with political ruling elite
social and business relationships critical for success
saving face
historically , significant state intervention
growing focus on IP protection
underrepresentation of women in Labour force
Cultural Factors
Confucianism
high morals, ethical conduct and loyalty are stressed
emphasis on education
value hierarchy and seniority respect
relationships important
savings driven
Economic Factors
rising powerhouse of global economy
embracing capitalistic pursuits despite limited political freedom
privatisation previously state-controlled entities
growing income gaps within country
Political factors
tension with East-Asia due to shared complex history
close relationship between political and business leaders, often men
growing political influence in other regions due to business expansion
rotation on IP
due to significant exposure to western education future political and business leader may embrace more western values