Guanxi And Business (asia-pacific Business Series ? Vol. 5) (asia-pacific Business)

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Guanxi or interpersonal relationships is one of the major dynamics of Chinese society. 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. Any business in this society, including local firms and foreign investors and marketers, inevitably faces guanxi dynamics. In China s new, fast-paced business environment, guanxi has been more entrenched than ever, heavily influencing Chinese social behavior and business practice. However, as in other emerging economies, corruption in China is becoming more rampant, which makes guanxi and corruption often intermingled. As such, business executives need to place greater caution today in the practice and process of guanxi development and utilization. Due to the growing academic and practical interest in guanxi, this second edition provides a timely update to the systematic and vigorous exploration of the various social, economic, cultural, and business issues relating to the complex concept and practice of guanxi.

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GUANXI BUS~NESS 2nd Edition ASIA-PACIFIC BUSINESS SERIES (ISSN: 1793-3137) Series Editor Philippe Lasserre Emeritus Professor of Strategy and Asian Business INSEAD Published VOl. 1 Guanxi and Business by Yadong Luo VOl. 2 From Adam Smith to Michael Porter: Evolution of Competitiveness Theory by Dong-Sung Cho C? Hewy-Chang Moon VOl. 3 Islamic Banking and Finance in South-East Asia: Its Development and Future (2nd Edition) by Angelo M. Venardos VOl. 4 Asian Models of Entrepreneurship - From the Indian Union and the Kingdom of Nepal to the Japanese Archipelago: Context, Policy and Practice by Leo-Paul Dana VOl. 5 Guanxi and Business (2nd Edition) by Yadong Luo Asia Pacific Business Series - Vol. 5 GUANXI AND BUSINESS 2nd Edition TADONG LUO University of Miami, USA World Scientific N E W JERSEY 0 LONDON * SINGAPORE * BElJlNG 0 SHANGHAI + HONG KONG * TAIPEI - CHENNAI Published by World Scientific Publishing Co. Pte. Ltd. 5 Toh Tuck Link, Singapore 596224 USA oflce: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601 UK oflice: 57 Shelton Street, Covent Garden, London WC2H 9HE Library of Congress Cataloging-in-PublicationData Luo, Yadong. Guanxi and business / Yadong Luo. -- 2nd ed. p. cm. -- (Asia-Pacific business series ;v. 5) Includes bibliographical references and index. ISBN-13 978-981-270-043-9 -- ISBN-10 981-270-046-3 1. Industrial sociology--China. 2. Corporate culture--China. 3. Interpersonal relations--China. 4. Business enterprises--Corrupt practices--China. 5. Business networks--China. I. Title. HD6947.C6L86 2007 306.3095 1--dc22 2006053 119 British Library Cataloguing-in-PublicationData A catalogue record for this book is available from the British Library. Copyright 0 2007 by World Scientific Publishing Co. Pte. Ltd. All rights reserved. This book, or parts thereof; may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the Publisher. For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher. Typeset by Stallion Press Email: [email prot