BSP2005 Class 5 S2 2015 Culture - 2646 Words

Business Culture in Asia Asian Business Environments Dr. Markus Taussig, NUS Business School Friday, February 13 (Week 5) 1 This Week Housekeeping, Preclass assessment Quick review of last week (politics) This week: culture âÅ"“country to firm view transition âÅ"“mini case on K-Pop 2 Housekeeping Need to make past assessment questions available to you No class next week Next week’s pre-class assessment will be early No class the following week either! 3 Pre-Class Assessment QUESTION ANSWER SHARE CORRECT 1 A 99% 2 TRUE 70% 3 B 98% 4 B 89% 5 D 93% 6 D 94% 7 C 97% 8 D 65% 57% 9 C 10 FALSE 75% 11 C 94% 12 C 93% 13 D 82% 14 B 86% 15 OPINION — 16 OPINION — 17 OPINION — 18 OPINION — 19†¦show more content†¦3.52 MacIntyre: Veto Points Crisis Assumes roughly equal shock and vulnerability to it across countries So different outcomes are result of different policy responses to crisis Policy responses flow from institutional setups 13 Logic of Veto Points (1): Credible Commitment stable, dependable policy environment requires ability to make binding promises Too few veto points and you have POLICY VOLATILITY, where policy is unpredictable 14 Logic of Veto Points (2): Decisiveness Appropriate flexible and responsive policy in dynamic environments require institutions that respond in an efficient and timely manner Too many veto points lead to POLICY RIGIDITY that won’t budge from the status quo when needed 15 MacIntyre’s Happy Medium 16 Veto Points in SE Asia Thailand was stuck in gridlock Indonesia vacillated wildly Philippines (maybe Malaysia) struck a good compromise 17 SE Asian Veto Points over Time Thailand 1997 Indonesia 2006 18 2013 Politics Growth July 2011 TEDtalk by Prof. Yasheng Huang, Sloan School of Management, MIT 19 Clark (1987): Labor Inefficiency due to†¦ Culture? 20 Clark (1987): Labor Inefficiency is Location-Specific 21 Is Clark’s conclusion convincing? 22 Culture! Country-, Firm-, Individual-level Perspectives 23 Country-Level Perspective 24 We Like Identifying Cultural Explanations Clash of civilizations National success or failure Corporate success or