The Asia Pacific in Context

Luke Laan and Janson Yap
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Luke Laan: University of Southern Queensland
Janson Yap: Deloitte (Southeast Asia and Asia-Pacific)

Chapter 2 in Foresight & Strategy in the Asia Pacific Region, 2016, pp 11-21 from Springer

Abstract: Abstract The Asia Pacific region is projected to be home to half the world’s population of seven billion by 2020. The Asia Pacific region’s major economies include the mega markets of China, India and Japan; the ten countries in ASEAN; and other developed nations including Australia and New Zealand, South Korea, Taiwan and Hong Kong. Besides being populous, Asia Pacific is also a region of rising output measured by gross domestic product (GDP) and GDP per capita. Significant indicators illustrate the shift in the global economic centre of gravity toward the Asia Pacific and its critical importance toward global prosperity and development. The region is however, complex. Asia Pacific nations require some degree of geopolitical alignment to realize the potential of economic opportunities, national prosperity and wellbeing that the Region as a whole offers collectively. There are a multitude of complexities that may seem like obstacles. Some opportunities for alignment are more obvious than others and many are determined by geographic proximity or homogenous cultures. Yet, it will require an exceptional effort in foresight, design and policy commitment to see beyond the convenient or obvious current opportunities in realizing the massive promise of the Region. There is no shortage of management and leadership literature. Books on strategy in particular, are abundant. Despite this, the demand for relevant, practical and contemporary strategy literature continues to grow. Asian perspectives on strategy are not as abundant. Yet, it is broadly acknowledged that strategy and innovation in the Asia Pacific is at its most crucial stage in promoting global economic growth. By combining a new strategy model, tested and rigorously supported by valid research, with an Asian business perspective by one of Asia’s who’s who in business, this book provides valuable practical insight into making strategy and innovation work. It reveals how a glut of access to information has led to the paralysing effect of ‘info mania’ and paralysis by analysis. It further provides evidence that corporate leaders’ and employees’ creative input to strategic thinking and innovation is suppressed by as much as 25 %. This negative creativity has a resounding impact on organizational capacity and competencies to meet the challenges of the future.

Keywords: Asia PacificAsia Pacific; Economic growthEconomic growth; Mega-markets; Global shift; GDPGDP; Strategy; Innovation; Info mania; Paralysis by analysis (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-981-287-597-6_2

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DOI: 10.1007/978-981-287-597-6_2

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