Guangxi and Guanxiwang
Guangxi and Guanxiwang imply the networks or the connections established by business companies or enterprises for purposes of winning and sustaining business opportunities, mostly in China or with the Chinese companies.
Guanxi and Guanxiwang present several advantages to its subscribers.
To begin with, Guangxi and Guanxiwang is an avenue towards businesspeople getting help from professionals and people who have been in business long enough. Support, in this case, comes either in terms of physical materials or abstract ideas that help to leverage procedures within the companies for obvious reasons – to minimize costs and maximize the profits.
Being the fact that the relationships established are relatively long-term, the business enterprises can get informed on the market trends, a phenomenon significant in enabling consistency in production hence maintain a relatively constant flow of profit. . Don't use plagiarised sources.Get your custom essay just from $11/page
Most business companies in china rely on Guangxi and Guangxiwang to manage mobility. The information available on the market demands will give the companies the reason to opt forworking in some areas and not the others. The information obtained also enables the companies to produce relevant goods as well as provide appropriate services to their clients.
The process of establishing relationships and connections allows companies to gain trust from their clients. This process is essential in ensuring a sustained market for finished products and services. The stable market will, in turn, enable the generation of funds out of the payments made by the clients. The companies then use the funds to maintain various procedures, which ensures that the companies are operational. The connections are, therefore, paramount because no matter the size of a business company, its future almost entirely depends on not what they know but who they know.