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Carrer Success and Quality of Life in south Korea - Essay Example

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Carrer Success and Quality of Life in south Korea

Organizational behavior applies the behavioral sciences’ concepts to any pressing issue of management. Being an interdisciplinary field of study, Organizational behavior includes sociology, communication, psychology, and management. Further, it complements the studies of organizational theory; intra-organizational and organizational topics and human resource studies (Punnett 84). Discussion The Republic of South Korea is the fourth biggest economy in Asia. In the past few years, South Korea’s economy has improved tremendously resulting to improved quality of life and successful growth of many careers. This achievement can be attributed to the commendable management style in South Korean Companies and the insightfulness of Korean Managers. As a result of its high fiscal reserves and low debt state, which could be mobilized to solve financial emergencies, South Korea was among the few developed nations that evaded recession during the 2008 worldwide financial crisis. Although Koreans have experienced a rough patch in their economy before, they recently to be among the world’s best economies with emerging possibilities for more growth, courtesy of the management style applied by the managers, and the dynamics and perspectives of organizational behavior (Chen 125). Asian Value movement was a try by Asian nations to resist and replace the Western influences with traditional values. However, the movement was paused following the previous Asian economic concerns. Asian countries developed a high

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dependence on worldwide institutions and these dependences obligated them to shift into the Western financial system style so as to restore confidence of investors. In spite of the values that move nations towards globalization, managerial, social, and traditional factors like mianxi, guanxi, regional and national networking are still strongly attached to a lot of organizations. It is obvious for foreign organizations who wish to enter into local markets and conduct business to apply and understand these traditional factors. Therefore, the management style tends to adapt them so as to exhibit local traditions, to act local and think global (Paul 629). The management system of South Korea has been significantly influenced by their traditional religious and social beliefs for many years. In South Korea, Managers require their instructions to be obeyed, and this requirement of obedience is normally fulfilled. Confucianism stresses loyalty and obedience, and this reflects itself boldly in the relationship between the subordinates and the managers. It is necessary to view the manager as the head of a family who, in return for obedience, respect, and loyalty, provides the subordinates with help and support all the time. Although leadership is paternalistic and hierarchical, it is also joined with the concept of Korea which emphasizes the unity required between persons of the same standing and rank. Hence, it is vital that situations of the group be identified by lack of blame and confrontation. The best manager uses a lot of time in ensuring that the members of his team have an excellent working relationship, as well as feeling integrated (Chen 128). In addition, ethical sustainability and social responsibility reflects the interaction of regional, global, local and national factors. While the Republic of South Korea has strong respect for elders and family values traditions, Western values have played a pivotal role in improving this country’
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Author Tutor Course Date Career Success and Quality of Life in South Korea Introduction Management styles are the various methods of decisions making and associating with subordinates. Management styles can be classified into two contrasting styles; permissive and autocratic…
Carrer Success and Quality of Life in south Korea
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