Study Sheet #5

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The Sinitic Macroenvironment (Beyond Japan)

Sinitic civilization Confucius; Confucian values Peoples Republic of China (PRC) transition economy Sichuan experiments township and village enterprises

red chip company Overseas Chinese guanxi network capitalism network organization crony/kinship capitalism chaebol

1. Describe (broadly) the environment (economic, political, sociocultural) for management in the PRC, Hong Kong, Taiwan, Singapore and the Koreas.

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Sinitic Management

2. What is distinctive about managers and management practice in private Chinese enterprise in East Asia

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Japanese Managerial Macroenvironment

guided free enterprise economy indicative planning METI (formerly MITI) industrial policy

Keidanren alliance capitalism zaibatsu keiretsu

 3. What is distinctive about the sociocultural, economic and political environment of Japan?

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Japanese Management

kaisha ringi; ringi-sho nenko amakudari kaizen

kanban total quality management (TQM) competitive benchmarking gaijin manager

4. What has been distinctive about senior managers (re personal background) in large Japanese companies and about Japanese management practice and performance?
5. Discuss apparent strengths and limitations of traditional Japanese business and management practices? Can any practices, in your judgment, be adopted in (or adapted for) the U.S.? Explain.
6. Cite some examples of societal change in Japan (economic, political, other) and discuss possible implications for traditional management patterns.

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Entrepreneurship in Comparative Context

entrepreneur intrapreneur invention innovation

venture capital Silicon Valley initial public offering (IPO)

7. Identify contextual factors (economic, political, sociocultural, other) that enhance the level of entrepreneurship in society?

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