Please enable JavaScript.
Coggle requires JavaScript to display documents.
International management: Focus on Asia (East approach (Management (great…
International management: Focus on Asia
West approach
Not hierarchy based, everyone is on the same playing field
There is a lot of trust in employees
Flatter organisational structure, therefore employees have more flexibility and freedom to work on their own to achieve business and personal objectives
Short-term visions
Boast about online trainings, modules and external training which many not cater for everyone or individuals
USA has the world's largest economy
Has strong intellectual property: Knowledge that an organisation has that they protect and cannot be copied or stolen by other companies
Merit based
Individualised: Therefore creates a very competitive environment as everyone wants to work to gather the top position within company , appraisal or pay
Share holders are the main stakeholder for the business's as they want to continue business growth and economic success through meeting shareholders expectations , needs and wants which is mainly larger dividends, as they invest to grow the business's capital
Adapt well and early for capitalism: where the businesses are mainly owned privately for profit rather than state
Woman are represented in the workforce
East approach
There is currently a Tiger economy: A rapid growth of the economy and an increase in the standard of living
There is an increase in the Middle class
Long- term envisions rather than short term
Bigger picture focus
Capitalist approach despite limited political freedom
In order to be successful you must have connections and social networks in which a lot of trust lies within these parties. So it's a matter of who you know and in which industry to be successful.
By culture they don't trust strangers nor to even work with/ for them, therefore a trust needs to be created before mangers can form a relationship with employees or a company allowing an employee within the company
A strong hierarchy top to bottom
This influences the pay each employee recieves, the more experience, the larger the pay
They value the seniority, in order to honour their time and service for the business as well as loyalty they pay seniors more
They treat seniors with respect as they believe they have more knowledge and experience in which they can teach the younger generations through mentorship and being a teaching tool, this leads to success.
Human interaction is a valuable source of learning as it's individualised and continous
Very traditional approach
People work together
Collectivist culture
Main part of the business is made up by private businesses
Reluctant followers of capitalism
Multiple equal important stakeholders, this means that no only one stakeholder is valued more than another, they are all equally important and valued the same
Management
great support for long termisim
Reduction in risks
Avoid risk
Larger private sector which account for being a major employer
Focus on IP protection
State intervention e.g Price control
Saving driven- organisational savings
Underrepresented woman in the work force
Cultural : Confucianism: High morales, ethical conduct, loyalty to others
Emphasis on education
value the hierarchy/ senority
Relationships are important
Ambiculture
A combination that incorporates factors of both the West and East management as they are slowly meeting
A flexible environment
People working collectively
A more flattened hierarchy
Long term visions
As they are opposites must integrate them
Social good and self- interest
trust based and legal relationships
tema work and individual achievement
risk taking and caution
business and society
locally sensitive and forge in
Adaptable and flexible mangers
Enlighten: offers opportunities for richer and expznsiveparts of scholars, managerial and human persuit
Balance: For composition and relationship
Transcendence : the ability to comply difference, similarities and interrelationships
Globalisation
Most of the world's exporting for manufacturing services is to China
Most of the worlds's exporting for services is to India
Asia wants to create an 'Asian Century'
Challenges faced are climate change, and sea level rising this is caused by green gas gas emissions in which China is a leading contributor to that, this can affect the agriculture and production
National and regional conflict
A multigenerational agreement need to be created in order to be followed by all of the region
More inclusion needs to be created for more education, infrastructure and funding
Long term vision
3 billion more people will have higher standard of living if this is achieved
China is the second largest leading economy in the world , the first which is United States
Asia would like to make up 50% of the world's economy by 2050
The seven major countries which will help this process and already acclimate for 85% of Asia's GDP include: China, India, Malaysia, Indonesia, Korea, Japan and Thailand
Best mangers are flexible and adapt
East : Rising powerhouse of global economy
Close relationship between political leaders and business man
Growing political influence in business expansion e.g. Africa
Due to empower to western education, political leaders may adopt these values
IP protection: Ownership and enforcement