P R E S S   R E L E A S E

     Are Asian management styles unique?  How these styles contribute to the economic success of some Asian countries and also lead to their collapse in the financial turmoil?  How Asia's firms are managed has gained global significance academically and professionally. 

     Led by The Chinese University of Hong Kong, an independent organization run in Asia by management scholars who are interested in management issues relevant to Asia will be established.  The Asia Academy of Management will assume global leadership in the advancement of management theory, research and education of relevance to Asia. 

    "Researchers and scholars are interested in the unique management practices that result from the cultural roots of the Asian societies and the economic, social, political and technological forces that shape them.  In short, they are searching for the Asian model that can contribute to the universality of management theory,"said Professor Lau Chung-ming, Founding President of the Asia Academy of Management and Chairman of Department of Management, The Chinese University of Hong Kong. 

     "Understanding Asian management is also important to those multinational corporations.  In view of the region's growth potential and its enormous markets, business executives must search for ways to manage their operations effectively," Professor Lau continued. 

     The objective of the Asia Academy of Management is to encourage management research, education and knowledge dissemination that are of relevance to management in Asia.  The Academy welcomes both Asian and non-Asian researchers and managers.  Members of the Academy come from prestigous business schools in Asia including The Chinese University of Hong Kong, Hong Kong University of Science and Technology, National Central University, Taiwan, Chungnam National University, Korea, Kobe University, Japan, National University of Singapore and Institute of Management, India, as well as the National Science Foundation of China and outstanding universities in Europe and the United States.