guanxi


Also found in: Financial, Wikipedia.
Related to guanxi: Guangxi

guanxi

(ˌɡwænˈsiː)
n
(Commerce) a Chinese social concept based on the exchange of favours, in which personal relationships are considered more important than laws and written agreements
[C20: Chinese: relationships]
Mentioned in ?
References in periodicals archive ?
Yorkshire and the Humber's producers must be aware of the importance of strong interpersonal relationships in Chinese business culture: a concept referred to in China as guanxi.
Results showed that stronger guanxi between 2 parties was associated with both parties caring less about face.
venture capitalists unanimously doubted his e-commerce initiative 15 years ago due to their belief all Chinese business is anchored in guanxi (Davos World Economic Forum 2015).
While the number of Chinese journal articles with the keyword daguo guanxi (major-power relations) began to decline from 2003 during the Hu Jintao period, it jumped by 76 percent from 2011 to 2012 and more than tripled in 2013 (see Figure 1).
The dog meat festival in Yulin, Guanxi province, begins in earnest on June 21.
Para el caso de China, se analizara la permanencia de las instituciones informales derivadas de la cultura tradicional, como el guanxi (redes familiares) y el mianzi (reputacion o cara), las cuales determinan gran parte de las reglas de comportamiento de los agentes en la gestion de los derechos de propiedad y de la cultura organizacional y redefinen el concepto de corrupcion.
The Ministry of Propaganda is at the center of guanxi networks that connect media organizations, journalists and officials.
The contributions that make up the main body of the text are devoted to negativity bias in investorsAE reactions to board of directorsAE risk oversight disclosure; the effects of Guanxi and compensation structure on the objectivity of Chinese internal auditors; variance reporting, belief revision, and profitability, and a wide variety of other related subjects.
The Minister said: "In China, the term guanxi refers to the relationships fostered between individuals or organisations.
De acordo com Bell (2000), guanxi e uma rede de relacoes que se inicia no ambito familiar e se expande para outras esferas de relacionamento que se estabelecem ao longo da vida das pessoas.
In addition to the general company consideration (Ci), capability (C2), service quality (C3), and improvement prospect (C4), we also identified guanxi (C5) and environmental performance (C6) as important factors in the process.