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International Management (Asia) - Coggle Diagram
International Management (Asia)
East Asian Management Styles
Characteristics
Support for long term planning and risk minimisation
Large private sector organisations are major employers
Closely linked with the ruling policital elite
Social and Business relationships are crucial for success
Saving Face
Historically, significant state intervention
Growing focus on IP protection
Underrepresentation of women in the labour force
Western Vs Eastern Management Styles
Western
Individualist
Short-term focus
Merit-based promotion and pay
Early adopters and followers of capitalism
Shareholders deemed most important stakeholder
Eastern
Collectivist
Long-term focus
Seniority-based pay system
Reluctant followers of capitalism
All stakeholders seen as important to business operations
IMPORTANCE OF ASIA
Accounts for 40% of the global economy
Rising middle class- size of the middle class in Asia predicted to double by 2030 > 3 billion
Home to 4.4. billion people (approx. 60% of world population)
Over the past decade the region total greenhouse gas emissions grew faster than the worlds average (economic development)
Tiger economies of Taiwan, Singapore, Hong Kong
Contains the opposing US competitor
Political
Has an impact internally and externally
micro- political balance between employees and workers is moderated by worker representatives
trade union management in china