Question

consider the following statement: "economic developement and capitalism reuqire a certain style of doing business in the twenty-first centry. The sooner Asian culture adapt the better." Do you agree or disagree? explain.

ps this is business global not economic and you have type 250 word for this assignment

Answer 1

I do have the same opinion with the statement that sooner the Asian cultures adapt the better with the style of the doing business using the economic development and capitalism advantage. For the reason that of the quick growth of technology andeconomic developments all businesses and cultures have to becomeaccustomed or they will not be suitably working. It is essential for cultures to become conscious of these changes, moreover be aware of that they will only let them to flourish as a society. At the outset, in order to make certain business in the long terms run and not undergo loss. The worth of capitalism in doing business is approach through its organization techniques by means of which the Asian companies will take as an lead in order to hang on to the competitive advantages. For example, throughout the Asian economic emergency the governments voted for laws forcing larger transparency between companies and banks, and many U.S. and other Western companies were buying up insolvent Asian companies while drastically changing how they were run. As a result, in the course of this rate of change Asian companies will always hang on to practices that make them distinctive. Subsequently, by change to meet requirements to the economic development and capitalism style the Asian companies will be inclined to have the very excellent economic strength. This is almost certainly accredited to the circular consequence that societies propagation individualism gain financially from the high performance and yield of their folks which in turn get inspiration and incentives to execute through the high compensations which the system can afford and is ready to pay them. In addition, the low individualism will show the way to the collectivism. But it is true that many companies worldwide are learning Western business principles. Companies are trying to instill a drive toward greater efficiency and are showing a greater appetite for trying new management techniques. The shift toward Western management principles in Asia was seen during the Asian economic crisis: Governments passed laws forcing greater transparency among companies and banks, and U.S. and other Western companies bought bankrupt Asian companies and radically altered how they were run. But no matter how rapid the pace of change, Asian companies will always retain practices that make them unique.