“…These include studies on keiretsus in Japan, chaebols in Korea, guanxi qiye in Taiwan, qiye jituan in China and Hong Kong, the traditional four pillars of management in Japan, as well as other unique aspects of Chinese management, and the management models of Singaporean, Chinese, Korean and Indian businesses (see Rowley & Abdul-Rahman, 2007;Budhwar & Debrah, 2009). However, in the present context, the validity of a number of such established ideal-typical management models is questionable (see Conrad, 2009;Capelli et al, 2010;Debroux et al, 2012). During such periods of transition, the HR function can play a significant role, but, for this to happen, it needs to be allowed to play a more strategic and change agent role.…”