Asian economies today command much attention from scholars and practitioners. Yet they continue to face crises and challenges: external shocks due to globalization, regional strife and conflicts, pressure for greater democracy, upgrading innovative capabilities amid slower growth, and environmental protection, just to name a few. How Asian firms cope with these challenges and rise above them will make a difference in their growth prospect.
The new book Asian Businesses in a Turbulent Environment: Uncertainty and Coping Strategies, edited by Prof Cui Geng, Director of Hong Kong Institute of Business Studies and Prof T S Chan, starts with conceptual analyses of crises and their impact on local markets and societies, followed by a study of leadership styles for conflict management. The rest of the book includes five studies on the strategies adopted by Asian firms from various countries including the location choice and entry mode of multinationals, knowledge transfer and cultural shifts, social capital and knowledge development, and environmental management in the supply chain. These findings should inspire readers and future researchers.