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International Management in Asia - Coggle Diagram
International Management in Asia
Western
Individualism
Short-term
Limited hierarchy
Shareholder
Eastern
Collective
Long-term
Steep hierarchy
Stakeholder
Mininize risk
Large private sector are major employer
Close connection to political
Growing focus on ID protection
Underrepresentation of women in labour force
Social & business relationships critical for success
Culture: Confucianism
Economic: Embracing capitalistic pursuits despite limited political freedom
Privatisation of previously state-controlled entities
Growing income gaps within countries
Eastern Asia Management systems
Support for long-term planning