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eBook details

Title: Guanxi and Business
Author : Yadong Luo
Release Date : January 22, 2020
Genre: Business & Personal Finance,Books,Management & Leadership,Economics,
Pages : * pages
Size : 2995 KB

Description

Interpersonal relationship (guanxi) is one of the major dynamics of Chinese society. Guanxi has been a pervasive part of the Chinese business world for the last few centuries. It binds literally millions of Chinese firms into a social and business web. In China's new, fast-paced business environment, guanxi has become more entrenched than ever, heavily influencing Chinese political landscapes, social behavior, and business practice.

This book delineates social and cultural principles and philosophies underlying guanxi dynamics, along with guanxi's social norms that have been long embedded in the Chinese society. Although guanxi is embedded in almost every part of social life in China, companies demonstrate different needs and capacity toward guanxi cultivation. Chinese firms develop guanxi as a strategic mechanism to overcome competitive and resource disadvantages by cooperating and exchanging favors with government authorities and other stakeholders. This book presents an integrative framework about guanxi development according to institutional, strategic, and organizational factors. It further articulates how foreign firms adaptively develop their own legitimate and effective guanxi in China's highly dynamic and complex environment.

Guanxi is really dynamic that its practices have been constantly changing and its normative and cognitive legitimacy is shifting as the social and economic structures in the society are drastically transforming. For this reason, this third edition of the book has added numerous new and emergent issues such as moral degradation and guanxi, qualitative and quantitative review of guanxi studies, and guanxi ties between organizations.
Contents: Definition, Principles, and Philosophy of GuanxiEconomic Sociology of GuanxiGuanxi and Business PerformanceOrganizational Dynamics and GuanxiGuanxi-Based Business StrategiesForeign Businesses and GuanxiGuanxi, Corruption, and GovernancePractical Guidelines to Guanxi Cultivation
Readership: Students, managers and academics in economics, finance, operations research, management and business sociology.Guanxi;Chinese Business;Chinese Management;Doing Business in China;Chinese Business Culture;Chinese Culture;Chinese Business Philosophies;Corruption and Guanxi;Foreign Firms in China;Chinese Government;Social Capital;Chinese Social Norms;Chinese Environment0Key Features:The book is not merely novel but integrative, showing a holistic picture of knowledge of guanxi, from social philosophies and cultural backgrounds to economic and social analysis of guanxi, from organizational behaviour and practices to working guidance to build and maintain guanxiThis book suits widely different types of readers, including academics, executives, consultants, graduate students, and policy makers, among othersThis edition adds numerous updates on both scholarly development and working practices about guanxi. It also updates most minicase examples of the 2nd edition