Live from the ICBME Conference

I am attending an International conference on Business and Management Education in Bangkok. The paper that I am listening to (while I'm writing thins blog) is culture and leadership. The presenter identifies Long-Term Orientation (LTO) and tried to identify the concept of perseverance as a consistent effort to achieve goal and business culture in East Asia. He said that Chinese business look at long-term prospect of business and it plays an important role in goal-setting in the Chinese business context. Connection in the sense of relationship and thrift were compared in this paper. Very interesting to listen to the dimensions of LTO (thrift, connection and perseverance).

In terms of power structure, he discussed power asymmetry or the interdependency among business partners (i.e. suppliers and manufacturer). His pointed is in global business, big manufacturers such as P&G and WALMART seem to hold power over their suppliers and influence the pattern of global business and consumption.