The discussion around integrating Western Management with Eastern Philosophies has gained considerable traction, and for good reason – both Europe and China have undergone significant transformations during the past 30 years and collaboration has never been more relevant than in the post-recession context. In this exclusive interview, Professor Richard Li-Hua discusses the key considerations around this topic and indicates how innovation managers can benefit from this integration.
The “free fall” that Sony, Sharp, Panasonic and Toshiba are experiencing in the flat Japanese economy is partially the result of a failure to adopt new business models to adapt to changes in the marketplace, says Kay Plantes.
In spite of spectacular economic growth, China is still afflicted by criticism that its traditional culture inhibits innovation. However, Chinese culture is now changing in response to fundamental techno-economic shifts, and philosophy is not the same as culture. This article shows how an unconventional synthesis of Chinese philosophical systems can power innovation opportunities in 21st century business—and not only for China.