Guanxi and Business (Asia-Pacific Business): 1

Guanxi and Business (Asia-Pacific Business): 1 book cover

Guanxi and Business (Asia-Pacific Business): 1

Author(s): Yadong Luo (Author)

  • Publisher: World Scientific Publishing Co Pte Ltd
  • Publication Date: 24 Sept. 2000
  • Language: English
  • Print length: 356 pages
  • ISBN-10: 9810241143
  • ISBN-13: 9789810241148

Book Description

Guanxi (interpersonal relationship) is one of the major dynamics of Chinese society. It 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. It is widely recognized to be a key determinant of business performance, because the life-blood of the macro economy and micro business conduct in the society, including local firms as well as foreign investors and marketers, inevitably faces guanxi dynamics. No company can go far unless it has extensive guanxi in this setting. In China’s new, fast-paced business environment, guanxi has been more entrenched than ever, heavily influencing Chinese social behavior and business practice.

Despite the current academic and practical interest in guanxi, there is no book-length treatment systematically and vigorously exploring the concept and practice from the business perspective. This book fills that gap by exploring the various social economic cultural, and business issues relating to the complex concept and practice of guanxi.

Editorial Reviews

Review

“It is a timely book in its attempt to provide clarity to the concept, offer a conceptual analysis of the phenomenon, and provide practical ideas to managers … I consider the book to be an excellent primer for managers, especially Westerners, who wish to have a basic lesson on the concept of guanxi and related phenomena.”– Asia Pacific Journal of Management

“As a guide to current practice, this book is good value. It contains a wealth of illustrative stories and has useful summary diagrams of the main ideas. It will be of much use to practitioners.”– The China Journal

“This book is a timely contribution to this important subject … It has advanced our intellectual understanding of guanxi by linking it with a number of theoretical bases such as transaction cost theory, organizational networks theory, and resource-based strategy theory… Guanxi and Business is so far the most thorough penetration into the relevance of guanxi for business I have seen written… I highly recommend this book to all who seek to understand business relationships in general and mechanisms in doing business with Chinese societies in particular.”Journal of Asian Business

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