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AM Lecture 3International Management > Asian Management > Converging management? Converging management?With growing pressure from the West, Chinese businesses have had to meet new demands, particularly since the Open Door policy of 1978, such as going into service and high-technology industries. SOEs are examples of market socialism, but they are not effective in terms of competitive business, as they both provide for the industrial needs of the company and for the state needs of the worker. An SOE is not just a place to work, but a place to ensure the welfare of the worker. This means that there has been no development of any social security system, as the state ensures, or at least assumes, that everyone is in a job. There has been a proliferation of internal joint ventures between SOEs and external firms, as well as new, private firms appearing on the Chinese horizon, in the SME sector, but are Chinese firms really becoming more Westernised? The impact of globalisation and international best practice is causing pressure for management practices to converge, but is this happening? Is there a pattern of Chinese management becoming radically different?
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