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Asia - Week 4 - Coggle Diagram
Asia - Week 4
Western Management
Individualist - where the focus is on induvial outcomes, and therefore the environment is particular competitive
Proponents of capitalism, with a continual push to the ring-wing agender
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Eastern Management
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Steep hierarchy - formal status position, every knows who they report to
Seniority-based pay - the more authority you have and the greater your status, the greater you rewards are
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Why Asia?
The ongoing intensification of management has resulted in many organisations globalising their operations to some extent
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The labour force is skilled, whilst remaining relatively cheap
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Cultural Factors
Confucianism - High morals, ethical conduct and loyalty to others are stressed - significant impact on business conduct - these teachings vary from country to country which highlights the importance of cultural intelligence for managers
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Economic Factors
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Embrace Capitalistic pursuits, despite limited political freedom
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Political factors
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Close relastions between politcal and business leaders, which mainly comprise of men. This impacts the ability of women to enter into the workforce
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Due to significant expose to western education, Asian-based organisations are more likely to embrace western values and therefore more closely reflect western-based management systems