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 Guanxiâ€, available in your e-book (page no.110) and answer the follow questions:
Assignment Question(s):(Marks: 5)
- Why do you think it is so important to cultivate guanxi and guanxiwang in China? (Mark:1)
- 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?(Marks:2)
- 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?(Marks:2)
FILE IS ATTACHED.
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