Korean companies should not just emulate American companies, but find strength and harmony in its Confucian culture, said Thomas W. Malone MIT Sloan School of Management professor.
Malone visits Korea for the first time to deliver a keynote speech of Entrue World 2005: Dynamic Enterprise held at the Intercontinental Hotel, Seoul.
Most Korean companies can still be characterized by the existing customs such as hierarchical status and respect for authority, Malone said.
A way to harmonize the Confucian culture and the ongoing worldwide trend of decentralized decision making can be a newfound emphasis on leadership, according to Malone.
Koreans have developed a tradition that they select the most appropriate leader for their organizations and follow his or her leadership. If that leader learns how to give freedom to his followers or employees, the employees will be more motivated and happy, Malone said.
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