Preface to 'Guanxi and Business' (2nd Edition)

Y. Luo, Asia-Pacific Business Series, GUANXI AND BUSINESS, 2nd Edition, World Scientific, 2007

4 Pages Posted: 4 Oct 2009

See all articles by Yadong Luo

Yadong Luo

University of Miami - Department of Management

Date Written: February 27, 2007

Abstract

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.

Suggested Citation

Luo, Yadong, Preface to 'Guanxi and Business' (2nd Edition) (February 27, 2007). Y. Luo, Asia-Pacific Business Series, GUANXI AND BUSINESS, 2nd Edition, World Scientific, 2007, Available at SSRN: https://ssrn.com/abstract=1477297

Yadong Luo (Contact Author)

University of Miami - Department of Management ( email )

United States

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