Foreign firms going to China are tempted to hire those with good _____, or connections.

Question

Quizplus · Accepted Answer

Guanxi refers to the personal connections and relationships an individual has, which they can use to gain favors or access to resources. It is highly valued in Chinese culture and is often used in business dealings. Therefore, foreign firms going to China would be tempted to hire those with good guanxi in order to navigate the complex business environment and establish important relationships. The other options, keiretsu, chaebol, and zaibatsu, are all terms referring to specific types of business systems or groups in Japan and South Korea.

Foreign Firms Going to China Are Tempted to Hire Those