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WEEK 4: International management : Focus on Asia, ![ - Coggle Diagram
WEEK 4: International management : Focus on Asia
Why Asia
Essential to be international
more profit
Blurring of international borders
"Diversify or die"
Global expansion for competitiveness and survival
"THE ENGINE" China and India
Characteristics of ASIA
4.4 billion people
40% of global economy
2/3rd global worth
1/3 of global investment
Total greenhouse emissions grew faster than the global average
eastern vs western
EASTERN indvidualist
capitalist
short-termism
limited hierarchy
shareholders are the primary stakeholder
WESTERN
collectivist reluctance towards capitlism
long termism
steep heirarchy
seniority based (people with status and authority get paid more)
multiple equally important stakeholders
Regionally unique managerial implications
Culture
Confucianism
High morals, ethical conduct, and loyalty to others are stressed
Loyalty, reciprocal obligations and honesty
Education emphasis
Value hierarchy/seniority
Savings driven
Economic
Rising powerhouse globally
Embrace capitalist pursuits but have little political freedom
Growing income, middle class is growing largely
Political
Tension within East Asia due to shared complex history
Close relationship between politics and businesses -> often men
Protection of IP
Exposure to western education = more Western views are being accepted
East Asian management systems
Support for long term planning and risk minimisation
Large private sector organisations are major employers
Closely linked with ruling political elite
Social & business relationships critical for success
Saving face
Historically, significant state intervention
Growing focus on IP (Intellectual property) protection
Underrepresentation of women in labour force
Ambi-Culture
Acer - Stan Shih
21st Century managerial skills
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