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Need help with my writing homework on Asian Management System and Global Challenge. Write a 2000 word paper answering;
Need help with my writing homework on Asian Management System and Global Challenge. Write a 2000 word paper answering; Since World War II, East Asian economies including the economies of China and Japan have dynamic economies of the world with a unique business model focused on culture as one of the essential ingredients of the success in the market (Campbell & Burton, 1984).
Emergence of China is an example for the rest of the world to follow a model of competitiveness that has focused on developing strong family based businesses with international orientation. Most of the successful businesses in China started as family businesses and owners carried forward the cultural and family values into their businesses too.
The Anglo-Saxon Capitalism is mostly practiced in English speaking countries and as such it is practiced in a manner that makes a clear distinction between the business and personal relationships. Typical Anglo-Saxon capitalist thinking does not allow intermingling of business and personal relations. Further, the role of regulations, government as well as taxes, is minimal in this mode of capitalism. However, Asian economies are relatively different from this mode of capitalism. One of the distinguishing characteristics of Asian economies is the relative role of governments in supporting the enterprises in their pursuit to achieve the economic freedom.
After the Second World War, Japan emerged as one of the strongest economies in the world and dominated the world economic scene. Japan is still considered as the second largest economy in the world .following a unique business model of competitiveness and success. .Apart from Japan, countries like Korea, Taiwan, China as well as Hong Kong emerged as the best performers in the region owing to their rapid rise to the economic success. As a result of this success, four important management systems in the region including Japan, Mainland China, China overseas and Korea emerged as the best practices for the management (Chen, 2004).
