Provoked by the region's recent economic crisis and the consequences of encroaching globalization, many Asian companies have reinvented themselves. They've sought out new sources of profit, tightened their focus, and reengineered processes to boost productivity and quality. The new Asian corporation has emergedstronger than ever.
As Asian corporations shift perceptibly toward Western-style management practice, strategic focus, and accountability, companies currently engaged in or contemplating doing business in Asia—or facing competition from Asia—would do well...