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Books > Business & Economics > Business & management > International business
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Guanxi in Contemporary Chinese Business - The Persistent Power of Social Networking (Hardcover)
Loot Price: R3,874
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Guanxi in Contemporary Chinese Business - The Persistent Power of Social Networking (Hardcover)
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Does guanxi still matter in 21st century Chinese business and
management? Is it really still a culturally distinct form of social
interaction, impenetrable by outsiders? Or does it simply resemble
the countless other elite networks embedded in business and
political spheres across the globe? This book answers these
questions through a combination of new empirical insight and
nuanced conceptual development. Research examples include
investigations of multinational enterprise corporate performance,
governance structures in Chinese private firms, organisational
justice in Chinese banks, entrepreneurial learning and knowledge
acquisition, and the gendered and sexualized nature of guanxi in
the workplace. In terms of firm performance, there is still much to
be gained by MNE and Chinese firms through cultivating guanxi in
different domains, including the political sphere at both the local
and national level. However, in terms of employee performance,
there is evidence that some younger employees have a strong desire
to move towards more merit-based systems and resent being judged on
guanxi connections. Similarly, some women may find themselves shut
out when attempting to navigate conventional guanxi relationships
based on Confucian paternalism. In brief, these practices may also
exclude a large pool of emerging talent. This book clearly shows
that guanxi is a complex concept that holds a persistent power in
Chinese societies. To understand it fully we must acknowledge the
dynamic nature of both its dark and light sides. The chapters in
this book were originally published in a special issue of the Asia
Pacific Business Review.
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