Foreign Market Entry into China
Tao Yang
Broschiertes Buch

Foreign Market Entry into China

The implications of guanxi on the network model of the foreign market entry process

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The purpose of this study is to investigate the market entry process of the Western firms into China from the business network perspective, especially its China-specific features under the influence of the common business practice, guanxi, in the market there. Guanxi is a phenomenon deeply rooted in the Chinese culture. It is the Chinese way of cultivating a relationship. Unlike business relationships created by the Western firms in the western markets, which are the result of the interaction of the firms over time, guanxi functions more like prerequisite of business transactions. Compared wit...