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International Management: Focus on Asia - Coggle Diagram
International Management: Focus on Asia
REGIONALLY UNIQUE
MANAGERIAL IMPLICATIONS
CULTURAL FACTORS
Confucianism
High morals, ethical conduct, and loyalty to others are stressed
Three key teachings - loyalty, reciprocal obligations, and honesty - may lower cost of doing business
Emphasis on education
Value hierarchy/seniority
Relationships are of high importance
Savings driven
ECONOMIC FACTORS
Rising powerhouse of global economy
Embracing capitalistic pursuits despite limited political freedom
Privatisation of previously state-controlled entities
Growing income gaps within countries
POITICAL FACTORS
Tension within East-Asia due to shared complex history
Close relationship between political and business leaders, often men
Close relationship between political and business leaders, often men
Close relationship between political and business leaders, often men
Due to significant exposure to western education (i.e. US, UK, Aus) future political & business leaders may embrace more ‘western’ values
Eastern vs Western Management
Eastern Management
Characteristics of eastern Management
Growling focus on the IP protection
Saving face
Underrepresentation of women in the labor force
Large private sector organisations
More social and profession relationships
Significant state intervention
Closely linked with ruling the elite.
Risk Averse Management
Western Management
Individualist
Early adopters &proponents of capitalism
Short terminsim
limited hierarchy
merit based
shareholders
WHY ASIA
WHY FOCUS ON MANAGEMENT IN ASIA?
Rising middle class - size of the middle class in Asia predicted
to double by 2030: > three billion
Over the past decade, the region’s total greenhouse gas
(GHG) emissions grew faster than the global average.
Accounts for 1/3 of total global FDI inflows: > 1/2 trillion USD
Accounts for 40 % of the global economy
Home to 4.4 billion people (approx. 60% of world population)
REALITY OF INTERNATIONAL MANAGEMENT
Blurring of international borders
‘Diversify or Die’
Ongoing & increasing globalisation
Internationalise imperative
Global expansion for competitiveness & survival
SOUTH & SOUTH-EAST ASIA: THE ENGINE
Former (Japan) & current (PRC) greatest
competitor to US
Tiger economies of Taiwan, S’pore, Hong Kong &
South Korea
PRC & Indian, the two most populous and largest
transition economies in the world
Rapidly expanding skilled labour force – both
within as well as outside the region
Global brands: Samsung, Toyota, Honda, Hyundai,
HSBC, Acer, Tata, Lenovo, Alibaba