Asia-Pacific companies turn to head-hunting>
People, not just products, are the key to success for firms operating in the Asia-Pacific region, according to a Harvard Business School professor.
Michael Yoshino, a specialist in global management strategy, says there is fierce competition to hire effective managers among companies in emerging Asian markets. "Companies in different industries making different products all compete in the human resources market," Yoshino said Tuesday in a speech to an international forum of executives and scholars in Tokyo. The global business growth forum was conducted by the International Consortium for Executive Development Research.
Yoshino divided companies in the Asia-Pacific region into two main groups -- regional, such as the Thai, Malaysian, Indonesian and Philippine companies; and global, meaning companies from outside that region. According to Yoshino, despite the fact that many of these regionally based companies are family-run, their management should not be underestimated.