Premium Essay

Summary of Chapter

In: Business and Management

Submitted By feranabalon
Words 9679
Pages 39
Chapter 1: The business systems of Asia

Variety in the regional and general features
Civilizational traditions
• Confucianism
• Taoism
• Buddhism
• Islam
• Catholicism
Historical external influences
• Colonies
• India establishing trading connections, mostly in South East Asia
• Chinese who left China and settled as business people in the countries around the rim of the South China sea
Periods:
1. 1945-1975 After the retreat of colonial powers, countries needed to reestablish their identity and political structures → hostility + Maoist experiments in China

2. 1975-1997 Relative calm period, stable growth, export to foreign countries, rise in FDI
a. Mao’s death: collapse of communism → socialist market economy
b. Japanese miracle
c. Impressive growth of the South-Korean economy

3. Ersatz capitalism → Asian crisis in 1997: inefficient use of capital was covered up by the availability of easy money from governments, optimistic foreign investors lured by the emerging markets. The system could not keep up the pretence as it became sensitive to a downturn in the economic cycle which hit the region in 1997. → End of easy money and beginnings of reforms.

4. After 1997, reforms:
• Improvements to accountability and disclosure in the financing of industry
• Reduction of favoritism and corruption during control of licenses and capital
• Opening of markets to foreign competition
• Adoption of international standards in accounting, trading, IPR
• General rise in professionalism in management and administration
• Adoption of democratic processes in politics
• Notion of CSR
Important point: this does not mean that these countries will converge to a Western formula. They will converge to some degree but then remain distinct and true to themselves → continuing variety of the region’s business systems.

What is a business system?
= A complex...

Similar Documents

Free Essay

Chapter Summary

...Chapter 5 addresses the importance of police and law. In any society, governmental entities enact laws, make policies, and allocate resources. This is true at all levels even in rehabilitation counseling. Public policy can be generally defined as a system of laws, regulatory measures, courses of action, and funding priorities concerning a given topic promulgated by a governmental entity or its representatives. It is our intent to focus on the practical application of ethics in decision making. We need to start by creating some clarifying distinctions to facilitate our purpose. First, we must acknowledge the vast amount of research and study on the topic, and recognize that our application of ethics within business decision making, only addresses a small portion of the much broader topic. Second, our goal is to address decision making ethics in view of our decision making in a way that will enable a consistency application of ethics in the decision making process. Traditionally, rehabilitation counselors provide direct services to people with disabilities who need assistance with adjustment to disability, retaining their jobs or finding suitable alternative employment that is consistent with their physical capabilities. This is clearly an advocacy role in which the rehabilitation counselor seeks to assist the individual, known as the client, to achieve his or her goals. In activities leading to vocational assessment or job placement, or both, of the injured worker. A summary......

Words: 369 - Pages: 2

Premium Essay

Chapter Summaries

...CHAPTER SUMMARY – CHAPTER 1 – ETHICS IN THE WORLD OF BUSINESS Frequently, the ethically correct course of action is clear, and people in business act accordingly. Exceptions occur when there is uncertainty about ethical obligations in particular situations or when considerations of ethics come into conflict with the practical demands of business. In deciding on an ethical course of action, we can rely to some extent on the rules of right conduct that we employ in everyday life. However, business activity also has some features that might limit the applicability of our ordinary ethical views. One distinguishing feature of business is its economic character which can be summarized as the conduct of buyers and seller and employers and employees. A second distinguishing feature of business is that it typically takes place in organizations which is a hierarchical system of functionally defined positions designed to achieve some goal or set of goals. Because business involves economic relations and transactions that take place in markets and also in organizations, it raises ethical issues for which the ethics of everyday life has not prepared us. Decisions making occurs on several distinct levels: the level of the individual, the organization, and the business system. The level of the individual represents situations that confront them in the workplace and require them to make a decision about their own well-being. The level of the organization can be identified...

Words: 8804 - Pages: 36

Premium Essay

Chapter Summary

...NAME: PHAM THI HONG NHUNG CLASS: MBA 01 CHAPTER 9: Forstering interpersonal communication in organizations. Example situation: In my deputy manager's promotion meeting. There is a part of coworker and director's opinions about him. This interpersonal communication includes elements such as: + Sender and receiver: senders are coworkers or director, receiver is the deputy manager. + Transmitters and receptors: we involve in the senses of seeing and hearing. + Messages and channels: messages are about his work and attitudes, channel is through the air due to our face-to-face conversation. + Media richness: not rich in approach because we use face-to-face dialogue. + Meaning and feedback: coworker give their meaning(encode) in opinions about deputy manager and then deputy manager interprets(decode) and gives feedback. + Intepersonal barriers: noise, sematics, language routine, lying and distortion. This is the normal way to communicate however we also forster an ethical interpersonal communication through communication openess, constructive feedback, approriate self-disclosure and active listening. These elements depend on the relationship, especially trust level between sender and receiver. This leads to the dialogue. Communication consists of two methods: verbal and non-verbal. In non-verbal communication, people send messages and interpret them through cues called PERCEIVE (proximity, expressions, relative orientation, contact, eyes, individual gestures, voice......

Words: 334 - Pages: 2

Premium Essay

Burroway Chapter Summaries

...Burroway’s ideas on Summary and Scene are certainly helpful, but as I was reading the chapter, I was hoping that it would bring up Exposition and explain how it differs from Summary. I wanted to know the difference between the two because I’m worried that I might accidentally write Exposition when I’m trying to write Summary. While I couldn’t find an exact answer in the text, I did find one by making a few inferences. I think Exposition is a specific type of Summery, particularly when the story is simply telling the information, regardless of whether it’s from a long period of time or a short one. In other words, it is what Burroway calls “a general, perfunctory summary” (195). Therefore, if I want to write a good summary, I should make...

Words: 355 - Pages: 2

Premium Essay

Chapter 2 Summary

...Chapter 2 Summary Chapter two opens with a discussion about points of agreement. Among scholars and others in HRD there is much debate about the different points of views. HRD is always changing and this makes for exciting discussions in the profession. The most important is to identify the areas of agreement because this is the foundation of HRD. There are four areas of agreement. The human potential, the goal of improvement, and problem-solving orientation, and systems thinking are the four that are agreed upon. The HRD worldviews is a five-phase system that parallels and connects with the other processes in the system. The organization system and each process has its inputs, work processes, and outputs. It also has a unique mission and strategy, organization structure, technology, and human resources. This is an open system where any component can influence the outcome. The Learner Perspective is thought of as productive enterprises containing individuals as leaders, learners, and contributors. The Organizational Perspective is a matrix of nine performance variables. It is made up of three performance levels, organization, work process, and individual contributor. It also has three performance needs, goals, design, and management. The organizational perspective takes a general stance that good people may be working in bad systems. HRD is a purposeful process or system that is viewed as a function, a department, and a job. HRD as a process is a dominant view over the......

Words: 351 - Pages: 2

Premium Essay

Chapter Summary Study

...CHAPTER SUMMARY STUDY NAME | | |Chapter: 1 John 1 | |Read 5 times: x( (check when done) | | | |1. Caption (Title): Our Light!/False Prophets! | | | |2. Contents: Existence of Christ, Experience with Christ, Communication and Fellowship with Christ is the objective. Beginning of the Gospel, Eternal | |Christ and Earthly Christ | | | | ...

Words: 381 - Pages: 2

Premium Essay

Chapter 14 Summary

...Chapter 14 Summary The New Meaning of Educational Change by Michael Fullan Professional Development is not Professional Learning • Professional learning is not about workshops and courses • 30% concerns standards and qualifications • 70% concerns whether teachers are learning every day, continuously improving their craft collectively Policies and practices that stand a chance of changing a dysfunctional culture within schools must focus on … • Standards of new practice and opportunities to learn new ways of working together. • Opportunities for people to argue new ideas into their own normative belief system Standards of Practice National Board of Professional Teacher Standards in the US in 1987 (www.nbpts.org) • Developed standards and assessment procedures in 30 subject matter disciplines organized around five major propositions 1. Teachers are committed to students and their learning. 2. Teachers know the subject they teach and how to teach those subjects to students 3. Teachers are responsible for managing and monitoring students learning. 4. Teachers think systematically about their practice and learn from experience. 5. Teachers are members of learning communities. • currently over 100,000 teachers have been certified and reports of teachers feeling that the process of analyzing their own and their students work enhanced their effectiveness in the classroom Implementation of standards ultimately leads to re-certification standards with......

Words: 425 - Pages: 2

Premium Essay

Chapter 7 Summary

...McGraw-Hill/Irwin. Chapter 7: Summary Chapter 7 introduces the concepts of individual and group decision-making throughout management. From the text a decision is a choice made from among available alternatives. Therefore, managers must make either rational or nonrational decisions regarding their problem or opportunity. There are four steps in rational decision making; first identify the problem or opportunity, second think up alternative solutions, third evaluate alternatives and select a solution, and fourth implement and evaluate the solution chosen. Sometimes managers find it difficult to make optimal decisions, which lead to nonrational decision-making. In the nonrational decision-making there are three models, which explain how managers make decisions and these models are: satisficing, incremental and intuition. When making a decision rather it be rational or nonrational, managers have some kind of style that reflects how they respond to certain situations. This chapter also talks about how to overcome barriers of decision-making; there could either be effective responses or ineffective responses when dealing with a situation. The last key factor to the chapter is group decision making, how to work with other people. When facing a decision as a group there could be some advantages and some disadvantages that the author thoroughly describes. In the working environment and in general life you are faced with many types of decisions to make, therefore, this chapter......

Words: 254 - Pages: 2

Premium Essay

Chapter 21 Summary

...Samantha Kozar Chapter 21 Summary ACCT 305-001 Spring 2013 The Leasing Environment Most companies and businesses today lease several different types of things especially businesses in the agriculture and construction sectors. A lease is a contractual agreement between two people; a lessor and a lessee. A lessor is one who owns the property, while a lessee is given rights to use their property for a time period. Lessors come in different types of categories such as banks, captive leasing companies and independents. The largest of the lessors are banks. They have low-cost funds and are more aggressive in the market. This allows them the advantage of being able to purchase cheaper assets than their competitors. Captive Leasing Companies are firms whose purpose is to perform leasing operations for a different parent company. They have an advantage over banks. This advantage is that they have a point of sale in finding leasing patrons allowing them to quickly form a lease arrangement. Their main focus is on their company’s products. The last type of lessor is independents. They do not have advantages like banks and captive leasing companies. Over the past years their market shares have dropped because of banks being more aggressive. They do not have the advantages like the other two lessor categories. They’re good at developing innovative contracts for leases. They work with companies that do not have captive finance companies to handle their leases for them. They...

Words: 1767 - Pages: 8

Premium Essay

Eco365 Chapter Summary

...Chapter Two The Production Possibility Model, Trade, and Globalization Learning Objectives After you teach the material in this chapter, your students should be able to do the following: 1. Demonstrate opportunity cost with a production possibility curve. 2. State the principle of increasing marginal opportunity cost. 3. Relate the concept of comparative advantage to the production possibility cure. 4. State how, through comparative advantage and trade, countries can consume beyond their production possibilities. 5. Explain how globalization and outsourcing are part of a global process guided by the law of one price. Chapter Outline This is meant to be an outline and summary of what your students read in this chapter in the text, both in terms of concepts and examples. Headings and subheadings are tagged with the number of the learning objective (LO) to which the material in that section most closely relates and the associated PowerPoint slide numbers, so you may also use this to help you outline your lecture. Material followed by a ( is new to the 8th edition. • The Production Possibility Model, Trade, and Globalization • The three main coordination problems are reviewed, and students are reminded about the concept of opportunity cost, which will be central in this chapter to understand production possibilities. • The Production Possibilities Model (LO1) [PPT Slides 3 & 4] •......

Words: 13018 - Pages: 53

Premium Essay

Chapter 14 Summary

...Chapter 14 Summary/ Definition Retailing includes all of the activities involved in selling goods or services directly to final consumers for personal, nonbusiness use. Retailer or retail store is any business enterprise whose sales volume comes primarily from retailing. Retail life cycle retail-store types pass through stages of growth and decline that can be described as the Wheel-of-retailing hypothesis, after conventional retail stores increase their services and raise their prices to cover the cost. These higher costs provide an opportunity for new retail forms to emerge with lower prices and less service 1. Self-service: The cornerstone of all discount stores, self-service allows customers to save money by carrying out their own locate-compare-select process. 2. Self-selection: Customers find their own goods, although they can ask for help. 3. Limited service: These retailers carry more shopping goods, and customers need more information and assistance. The stores also offer services (such as credit and merchandise-return privileges). 4. Full service: Salespeople are ready to assist in the locate-compare-select process. The high staffing cost, the higher proportion of specialty goods, slower-moving items, and more services, add up to high-cost retailing. Corporate retailing Such organizations achieve economies of scale and have greater purchasing power, wider brand recognition, and better-trained employees. Target Market A retailer’s most......

Words: 1307 - Pages: 6

Free Essay

Biology Chapter Summary

...Biology » Outlines Chapter 21 - The Genetic Basis of Development Chapter 21 The Genetic Basis of Development Lecture Outline Overview: From Single Cell to Multicellular Organism * The application of genetic analysis and DNA technology to the study of development has brought about a revolution in our understanding of how a complex multicellular organism develops from a single cell. * In 1995, Swiss researchers identified a gene that functions as a master switch to trigger the development of the eye in Drosophila. * A similar gene triggers eye development in mammals. * Developmental biologists are discovering remarkable similarities in the mechanisms that shape diverse organisms. * While geneticists were advancing from Mendel’s laws to an understanding of the molecular basis of inheritance, developmental biologists were focusing on embryology. * Embryology is the study of the stages of development leading from fertilized egg to fully formed organism. * In recent years, the concepts and tools of molecular genetics have reached a point where a real synthesis of genetics and developmental biology has been possible. * When the primary research goal is to understand broad biological principles, the organism chosen for study is called a model organism. * Researchers select model organisms that are representative of a larger group, suitable for the questions under investigation, and easy to grow in the lab. * For......

Words: 6887 - Pages: 28

Premium Essay

The Songcatcher Chapter Summary

...The songcatcher by Sharyn McCrumb continues to be an extremely exciting book to read. In chapters 7-9 the book picks up right where it left off. In these chapters the author really capitalizes on the suspense she left the reader in. With Lark still stuck in the plane and Joe LeDonne is stuck under the plane he found. Reading this was extremely difficult for me because I don’t handle suspense well. I found myself hanging on every word the author wrote trying to figure out how the story would play. In the new chapters my favorite story came to an end as Malcolm McCourry died. I found it touching that his son would come all the way to see his father one last time. I could not imagine how hard that would be for Benjamin after Malcolm abandoned...

Words: 753 - Pages: 4

Premium Essay

Malaria Chapter Summary

...The last section of this book discusses many of the ideology’s that have resulted in failed treatment for malaria. The author discusses how over the centuries research on malaria has searched for a single cure to the problem. She shows how this futile search for a single answer to malaria has led to years of wasted effort and resources. Malaria is a constantly evolving disease and so research and cures need to evolve along with it if we wish to conquer malaria. She also points out that the fight against malaria needs to be ongoing and we can’t stop research simply because there is currently a solution for malaria. When the United States found that DDT killed the mosquitos that carried malaria they almost entirely stopped research on malaria because they thought they had found a “cure.” By treating malaria like we treated smallpox, which was wiped out by vaccines, we ignore the fact that malaria is a quickly evolving disease and needs to be treated as such. The majority of this last section of the book is spent discussing how the world used DDT to control malaria. DDT was considered an amazing solution for malaria. Without regard for the environmental effects that DDT could have, countries happily sprayed anything and everything that they could. However, this book shows that little was known about DDT and the effects were not considered. DDT killed small animals and other insects that were important to ecosystems. Shah used DDT as yet another example of how treating malaria......

Words: 1015 - Pages: 5

Premium Essay

Annabeth Chapter Summary

... The group travels up the mountain of despair to get back to her home, Grover goes to take the creature by sea, while the rest of the group goes by land to get Annabeth. Percy prays to his father for safety, throwing the lion’s mane into the water as an offering.as he threw it in he realized that it belonged to Hercules, the very same hero that Zoe had helped, They need a vehicle, but they have no money to buy one and don’t want to risk stealing one, so Thalia remembers that Annabeth’s family moved to San Francisco, so they decide to find them. Annabeth's family is very supportive when they hear from the group that Annabeth is in danger. the group then meets up with Luke and Luke attempts to try and make Thalia to work with them and kill the serpent. Luke tells Thalia that Zeus and the rest of the gods don't care about her at all and the group ends up fighting Luke and the others. Percy has a 1 on 1 battle with Atlas, but.Percy outsmarts Atlas, Percy frees Artemis and then they switch and Percy has Artemis fight Atlas Artemis is alongside Zoe, and Zoe then gets thrown off the mountain in the fight. Artemis manages finish off Atlas and just in time she saves Percy from being crushed.Thalia defeats Luke, but Annabeth begs thalia not to kill him, While this happens, Luke attempts to escape, but ends up falling down the mountain.later on Annabeth's father takes the group away from the mountain. and then they find Zoe and attempt to heal her but with the poison and her wounds......

Words: 596 - Pages: 3