Please enable JavaScript.
Coggle requires JavaScript to display documents.
management in Asia - Coggle Diagram
management in Asia
East Asia management system
planning & risk minimisation
closely linked with ruling political elite
social & business relationship critical for success
saving face
state intervention
Strong IP protection
underrepresentation of women's labour force
Asian culture + political systems and its effects on management
Confucianism
Historically used to gain administrative work in ancient china
Imperial examination
Meritocracy
The idea of a philosopher king
High morals and merits
Seniority/Hierarchy is valued
Politics
Tension due to muddied history
China and Vietnam have similar legendary origins
Rape of Nanking
Korea used to be owned my china
Autocratic history (china)
Tensions due to modern issues
China's support of DPRK
China creating artificial islands
Corruption among Chinese officials and businessmen
Adoption trafficing
Intellectual property theft
Fist fight in the Sino-Indian border
May embrace western teachings due to significant exposure
Economic Factors
Growing income gap
Privatization of previously nationalized entities
Capitalism despite conflicting politics
ASEAN Economic union
Rising economic powerhouse
Eastern Vs Western Management Styles
East:
Collectivist
Reluctant followers of capitalism
Long-termism
Steep hierachy
Seniority-based
Multiple equally important stakeholders
West:
Individualist (individual outcomes)
Proponents of capitalism (right wing)
Short-termism
Limited hierachy
Merit based
Shareholders-Primary stakeholder
Ambicultural Approach
Balances diverse needs
An emphasis on unity and morality
An emphasis on trust-based and legal relationships
Understanding of Management in Asia
Reality
Ongoing & increasing globalisation
Global expansion for competitiveness & survival
Why focus on Managemnt in Asia?
Large populous (4.4 billion)
Accounts for 40% of global economy
Middle class expected to double
Home to:
China and India
Former (Japan) & current (PRC) greatest
competitor to US
Global brands: Samsung, Toyota, Honda