Chaebols vs. Keiritsu
The essay below talks about two major business organisations of Korean Chaebols and Japanese Keiretsus. It will be discussed the differences and commonalities of Keiretsus and Chaebol; the structure, history, and how the business is run by each organisation. Also, it talks about these two business organisations after the 1997-1998 Asian Financial Crisis. How did Chaebols and Keiretsus change its management style to overcome the bankruptcy and still keep the traditional way of management. And as a conclusion, it will be discussed the implications of Western Firms into the traditional Asian Style of Business Management.
1. Barron, L., 2002. Asian Economy: Five years after the crisis, Interview by CNN correspondent, <http://edition.cnn.com/2002/BUSINESS/asia/07/02/asia.crisis>
2. Belakhov, Duzenli, Ripper, 1998. Keiretsu and the Asian Economic Crisis of 1997-1998, Research paper, <http://www.belakhov.com/projects/keiretsu.html>
3. Buckley, S., 2004. Remodelling Japan Inc., BBC New’s special report on battle of Western and Japanese style management practices, <http://news.bbc.co.uk/2/hi/asia-pacific/3733274.stm>
4. Economist Intelligence Unit, 2003. Economic Structure: South Korea, Source: Country Profile, <http://www.economist.com/countries/SouthKorea...>
5. El Kahal, S., 2004. Business in Asia Pacific: Text and Cases, Oxford University Press, New York
6. Far Eastern Economic Review, 1996. If Korea was Doing the “Right Thing”, So How do we Account the Financial Calamity?
7. Fisher, S., 1998. The Asian Crisis: A view from the IMF, Address by Stanley Fisher, First Deputy Managing Director of the International Monetary Fund at the Midwinter Conference of the Bankers’ Association for Foreign Trade, Washington, January 22.
8. InfoAx.Org, 2006. Keiretsu, Search Engine, <http://660.yllar.tt.infoax.org/en/Keiretsu>
9. Min Chen, 2002. Post-Crisis Trends in Asian Management, The American Graduate School of International Management, USA,
1. Barron, L., 2002. Asian Economy: Five years after the crisis, Interview by CNN correspondent, <http://edition.cnn.com/2002/BUSINESS/asia/07/02/asia.crisis>
2. Belakhov, Duzenli, Ripper, 1998. Keiretsu and the Asian Economic Crisis of 1997-1998, Research paper, <http://www.belakhov.com/projects/keiretsu.html>
3. Buckley, S., 2004. Remodelling Japan Inc., BBC New’s special report on battle of Western and Japanese style management practices, <http://news.bbc.co.uk/2/hi/asia-pacific/3733274.stm>
4. Economist Intelligence Unit, 2003. Economic Structure: South Korea, Source: Country Profile, <http://www.economist.com/countries/SouthKorea...>
5. El Kahal, S., 2004. Business in Asia Pacific: Text and Cases, Oxford University Press, New York
6. Far Eastern Economic Review, 1996. If Korea was Doing the “Right Thing”, So How do we Account the Financial Calamity?
7. Fisher, S., 1998. The Asian Crisis: A view from the IMF, Address by Stanley Fisher, First Deputy Managing Director of the International Monetary Fund at the Midwinter Conference of the Bankers’ Association for Foreign Trade, Washington, January 22.
8. InfoAx.Org, 2006. Keiretsu, Search Engine, <http://660.yllar.tt.infoax.org/en/Keiretsu>
9. Min Chen, 2002. Post-Crisis Trends in Asian Management, The American Graduate School of International Management, USA,