The Guanxi Between China And China - 1741 Words

Introduction The Guanxi phenomena is exclusive to China and is very apparent in everyday life, it can be used in the personal dealings or at the business level. Guanxi concept is not completely alien to the rest of the world, it is apparent in a slightly different, more modest form. Most of people would be aware of bribery (it is an act of giving money or gifts that alters the behavior of the recipient), which would be someway linked to guanxi concept. The main difference is that bribery recognised as an illegal act when guanxi is very acceptable and apparent in China. The other examples would be nepotism (favoritism granted to relatives) or cronyism (is partiality to long-standing friends, especially by appointing them to positions of authority, regardless of their qualifications). They are known tendencies and can be found in any country, however, the main difference is that these tendencies are recognised as illegal or at least outside the norm. When guanxi in China it is absolutely acceptable and is part of their lives. Depending on the source or the article guanxi description will vary, but the literal guanxi translation is â€Å"relationship†. This gives an indication what is it about. Wikipedia describes guanxi as â€Å"the basic dynamic in personalized networks of influence, and is a central idea in Chinese society.†¦ At its most basic, guanxi describes a personal connection between two people in which one is able to prevail upon another to perform a favor or service, orShow MoreRelatedA Research Study For Integration Of Different National Enterprise Culture1387 Words   |  6 Pagescross-border mergers and acquisitions------case study for China electron Company. Section 2: Key words 1. Enterprise Culture 2. Mergers and Acquisition (MA) 3. China special relationship: guanxi 4. Case Study Section 3: Aims of Research The research aims to: 1. 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