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Business in China: Cultural Factors

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Issue:

Business

 

Written by:

Linda R

 

Date added:

May 17, 2013

 

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Grade:

B

 

No of pages / words:

2 / 288

 

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9300 times

 

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Essay content:

It is recommended that MNC appoint chinese locals as Service Managers to build on the "guanxi" to achieve status and moving towards insider status (Buttery & Wong, 1999:151-152) with the central government officials. Guanxi implied mutual obligation, assurance and understanding, and governs Chinese attitudes toward long-term social and business relationships (Luo, 1997) that provides a balance to the Chinese bureaucracy by giving individuals a way to get around rules through the establishment of personal relations (Alston, 1989)...
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(1987) Place and Favor; The Chinese Power Game, American Journal of Sociology Vol92, pp944-74. Buttery E.A. and Y.H. Wong (1999). The development of a guanxi framework, Marketing Intelligence and Planning, vol 17(3), pp147-154 Fei, H.T. (1948) Peasant Life in China. London: Routledge & Kegan. Alston, J P, Wa, guanxi, and inhwa: Managerial principles in Japan, China, and Korea, Business Horizons (March-April, 1989), 26-31 Luo, Yadong (1997) Guanxi: Principles, philosophies, and implications...
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