MGT 321 Saudi Electronic University China and Its Guanxi Questions

User Generated

fubd2007

Business Finance

MGT 321

Saudi electronic university

MGT

Description

Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment 1 Deadline: 05/03/2020 @ 23:59 Course Name: Intro to International Business Student’s Name: Course Code: MGT-321 Student’s ID Number: Semester: II CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • 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). • Submissions without this cover page will NOT be accepted. Assignment Regulation: • All students are encouraged to use their own word. • Assignment -1 should be submitted on or before the end of Week-07 in Black Board only. • This assignment is an individual assignment. • Citing of references is also necessary. Assignment Structure: A.No Assignment-1 Total Type Case Study Marks 5 5 Learning Outcomes: • Analyse the effects of culture, politics and economic systems in the context of international business (Lo 1.9 & 2.1) • Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6) • Explain the forces driving and evaluate the impact of globalization (Lo 1.3) 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): (Marks: 5) 1. Why do you think it is so important to cultivate guanxi and guanxiwang in China? (Mark:1) 2. 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? (Marks:2) 3. 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? (Marks:2) Answer: 1. 2. 3. &&&&
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Hello attached is the final answer.

Originality Report
by Zippy M

Submission date: 25-Feb-2020 01:21AM (UTC-0500)
Submission ID: 1263732869
File name: China_and_Its_Guanxi.docx (15.21K)
Word count: 650
Character count: 3273


Running head: CHINA AND ITS GUANXI

1

China and Its Guanxi:
Students Name:
Institutional Affiliation:
Date:

CHINA AND ITS GUANXI
Q1.
Quanxi means a personal relationship in a business setup, and this can be termed as
connections, Guanxiwang, on the other hand, is the relationship network. Chinese cultivated
more in the quanxiwang to get help. In China, it is believed that having the right guanxi can help
one in bending some rules. Mintz made some connections with some individuals who had a
connection in the government who helped him in filming his commercial in the desired locations.
It’s very important to develo...


Anonymous
Just the thing I needed, saved me a lot of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags