BCG Shares What Top-Performing Asian Leaders Do Differently
Emerging Asia (China, India, and SE Asia) is growing faster than the US, and Asian companies (especially Chinese-owned) now dominate the Fortune 500.
Understanding Asian business leaders requires knowledge of the histories and social norms in the countries where they operate.
Asian economies are rooted in colonial and semi-colonial history.
Large Asian companies tend towards family ownership and values.
Many Asian businesses are state-run or owned. (An additional “stakeholder”)
There are five characteristics of successful Asian business executives:
A long-term view (balanced against short-term needs and challenges).
Owner-mindset is encouraged/institutionalized.
Strong people orientation (sensitive to employees, clients & community).
Effectively navigates ecosystems (supply, market and government regulations).
Agility, with the drive to “survive and thrive” (competitive spirit).
Source: BCG
US businesses are being forced to compete in rapidly changing markets and environments with greater government involvement. A long-term view, encouraging employees to think like owners, being more people-oriented, efficient and agile with a competitive drive are the characteristics of successful Asian business leaders. Kure’s business philosophy and Process Optimization Path™ helps people and organizations incorporate all five.
