Guanxi definition
Guanxi means building connections and maintaining relationships between people. It also means the fundamental dynamic impersonalized social networks of power and is a crucial system of beliefs in Chinese culture. In particular, there is a focus on mutual commitments, reciprocity, and trust. Basically, guanxi is a personal connection between two people in which one is able to prevail upon another to perform a favor or service, or be prevailed upon. It also describes the benefits gained from social connections and usually extends from extended family, school friends,
Guanxi means “relation” in Chinese
Guanxi. , which generally means interpersonal relationships, is a valuable resource for mutual trust and cooperation between individuals or organiaations and plays a more important role in doing business in China than in other countries (Aria
Examples of Guanxi in a sentence
Guanxi is an important means of ensuring success in business in China.
Beibu Gulf Port Qinzhou and CSTD are required to complete the company change registration and obtaining of the new business licence of Guangxi Qinzhou Terminal as a wholly-owned subsidiary of Guanxi Beibu Gulf Terminal by no later than the Completion Date.
For example, in the Southern Han Kingdom (917–971) of the Five Dynasties and Ten Kingdoms Period, the names of the prefectural governor of Mengzhou 蒙州 (today in Mengshan county 蒙山 in Guanxi province) – ▇▇▇▇ ▇▇▇▇ 龍驍, of his father – ▇▇▇ 碏, and of his son – ▇▇▇▇▇ 蛩 were all taboo for the people of this prefecture.
More Definitions of Guanxi
Guanxi in Chinese means “relationships”, stands for any type of relationship. “Guanxi” (personal connection) has been identified as a necessary condition to do business successfully in China. “Guanxi” is deeply ingrained in Chinese society and business etiquette, “therefore it is critical to understand and appreciate it to gain a commercial foothold in China”. In the Chinese business world, however, it is also understood as the network of relationships among various parties that cooperate together and support one another. The Chinese culture is distinguished from the Western culture in many ways, including how business is conducted. For example, the Chinese prefer to deal with people they know and trust. The “Guanxi” relationship is not simply between companies but also between individuals at a personal level. From this point of view, western companies have to make themselves known to the Chinese before any business can take place.
Guanxi. , which generally means interpersonal relationships, is a valuable resource for mutual trust and cooperation between individuals or organiaations and plays a more important role in doing business in China than in other countries (Aria 1998). Furthermore, instead of focusing on resource exchange and activity links at the organizational level, that maybe typical in Western contexts, it is likely more important to understand the influence of individual actors involved in the business relationship and interaction, as these tend to form an intrinsic component for laying the relationship foundations in the context of China and allows Guanxi to prosper (Barnes et al. 2011).
Guanxi literally means "relationships" it generally stands for any kind of relation- ship. In the Chinese business world, however, it is also understood as the network of relationships among various parties or organization that cooperate together and sup- port one another. It means that in china business should depend on several kinds of organization. Sometimes they support each other and make a network. Chinese busi- ness men sometimes not only concentrate on profits. They would like to establish some relationships with those parties which can support to his company. The Chinese businessmen’s mentality is very much one of "You scratch my back, I’ll scratch yours." In essence, this means exchanging favours, which are expected to be done regularly and voluntarily. Therefore, it is an important concept to understand if one is to function effectively in Chinese society. (Lacy 1999, 44).
Guanxi means that a company must develop a personal relationship with its Chinese business partners through which mutual trust and respect can develop.
Guanxi literally means "relationships", and stands for any type of relationship. In the Chinese business world, however, it is also understood as the network of relationships among various parties that co-operate together and support one another. The Chinese businessmen mentality is like; "You scratch my back, I’ll scratch yours." In essence, this boils down to exchanging favours, and this is expected to be done regularly and voluntarily.12