Asia –Pacific is one of the major drivers of the global economy. The international business has gone overseas for expansion. The Asia Pacific region presents the best opportunities for the growth of business. Asia Pacific is a diverse region with wide difference in culture in each country and there is variety in the level of political maturity, regulation of the government and infrastructural development of technology (Business-standard.com, 2015). The world economy has shifted its focus to the east and the global business has shifted its strategy to take the opportunities presented by the global economy. Asia is an emerging economy centre. The management of the business at the Asia Pacific region is done by converging the business of the developed and the developing parts of Asia Pacific. The management of the business is done by adapting to the difference in the markets, dealing with the economic, political, cultural and geographical challenges (El Kahal, 2001). The western business has flourished in the Asia Pacific region as the western firms has adapted to the new approaches of doing business in the Asia Pacific region. The Western Business has adopted new styles of management practice in the Asia Pacific region. The innovative style of management has opened up lucrative opportunities for business in Asia Pacific. The business in the Asia Pacific region has to address to the need of the western countries as it offers new business opportunities (Gbta.org, 2015). The governance and the management models at the Asia Pacific region have to adapt to the diversity of the region.
Business-standard.com, (2015). India, China, Russia reiterated commitment to maintain peace in Asia-Pacific region. [online] Available at: https://www.business-standard.com/article/news-ani/india-china-russia-reiterated-commitment-to-maintain-peace-in-asia-pacific-region-115020201363_1.html [Accessed 3 Feb. 2015].
El Kahal, S. (2001). Business in the Asia Pacific. Oxford: Oxford University Press/Books.
Gbta.org, (2015). Asia Pacific, led by China, Dominates Global Business Travel. [online] Available at: https://www.gbta.org/PressReleases/Pages/rls_072814.aspx [Accessed 3 Feb. 2015].
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