Please enable JavaScript.
Coggle requires JavaScript to display documents.
East Meets West - Coggle Diagram
East Meets West
Why Asia
60% of worlds population
PRC + India
worlds largest transitional economies
Japan and PRC
former + current competitors to USA
4.4 Billion People
40% of Global Economy
1/3 of global FDI
(Foreign Direct Investment)
Middle Class Expanding
3B, double by 2030
Increasing GHG
Proximity to Australia
Reality of International Management
Increasing Globalisation
Blurring of borders
'Diversify or die'
Internationalise Imperative
Need to survive
Stay competitive
'Tiger Economies'
Hong Kong
Singapore
Taiwan
South Korea
Rapidly Expanding skilled labour force
regionally unique
cultural factors
confucianism
emphasis-education
value hirachy
savings driven
economic factors
rising powerhouse
embracing capitalistic
privatisation
growing income gaps
political factors
tension - East-Asia
close relationship
political and business leader
growing political influence
through business expansion
protection of IP
ownership & enforcement
exposure to western education
may embrace 'western' values
West vs East
East
collectivist culture
company/state_focused
reluctant for capitalism
long termism
steep hierarchy
know your place
respect the leaders
many important stakeholders
West
individualist
Capitalist ideology
personal greed
short-termism
fast achievable goals
Limited hierarchy
merit based rewards
Hard work pays off
shareholders = primary stakeholder
East Asian Management Styles
characteristics
support
long-term planning
risk minimisation
private sector organisations
major employers
underrepresentation of women historically
in labour force
intellectual property protection
growing focus
link to political ruling elite
social and business relationships
critical for success
saving face
state intervention
historically significant
