case study 2192

Instructions –

• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism)..

Learning Outcomes:

• Analyse the effects of culture, politics and economic systems in the context of international business (Lo 1.9 & 2.1)
• Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6)
• Explain the forces driving and evaluate the impact of globalization (Lo 1.3)

Case study

Reread the Management Focus on “China and Its Guanxi”, available in your e-book (page no.110) and answer the follow questions:

Assignment Question(s):

• Why do you think it is so important to cultivate guanxi and guanxiwang in China?
• What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations, rather than trying to find a way around them as Dan Mintz does?
• What ethical issues might arise when drawing on guanxiwang to get things done in China? What does this suggest about the limits of using guanxiwang for a Western business committed to high ethical standards?