Case study Questions - International Business

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Question Description

Case study

Reread the Management Focus on “China and Its Guanxi”, available in your e-book (page no.110) and answer the follow questions:

Assignment Question(s):

  • Why do you think it is so important to cultivate guanxi and guanxiwang in China?
  • What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations, rather than trying to find a way around them as Dan Mintz does?
  • What ethical issues might arise when drawing on guanxiwang to get things done in China? What does this suggest about the limits of using guanxiwang for a Western business committed to high ethical standards?


Instructions

  • Students must mention question number clearly in their answer.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
  • The answer to every question must not be less than 130 words
  • Case study attached

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Tutor Answer

Gilmore
School: Purdue University

Here you go! Let me know if you need any edits or have any questions

Running head: FOCUSING ON MANAGEMENT OF INTERNATIONAL BUSINESS

Focusing on Management of International Business

Student’s Name
Institutional Affiliation
Date

1

FOCUSING ON MANAGEMENT OF INTERNATIONAL BUSINESS

2

Focusing on Management of International Business

Why do you think it is so important to cultivate guanxi and guanxiwang in China?

In China, both Guanxiwang and Guanxi are critical to ensure a smooth running of
business in the country. Essentially, they are helpful in establishing enduring bonds that facilitate
success in business operations in China. Notably, the establishment of various relationships
through Guanxiwang and Guanxi helps to go beyond the traditional way of doing business in
China, which is characterized by a weak legal system (Hill, 2008). Guanxi is a mechanism
established by a top authority to receive favor in uncertain future every time an accrual is made
from the guanxi network. Reason, guanxi is seen as an investment whereby an investment made
today in the network will be reaped in uncertain future. For this as such, introducing
Guanxiwang and Guanxi provi...

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Anonymous
Return customer, been using sp for a good two years now.

Anonymous
Thanks as always for the good work!

Anonymous
Excellent job

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