The use of guanxi among small family businesses in China is best described as a ________.

Question

Quizplus · Accepted Answer

Guanxi is a term used in China to describe a network of relationships centered on mutual obligations and favors. In small family businesses, guanxi plays an important role in building and maintaining relationships with customers, suppliers, and employees. It is not a family hierarchy or a competitive management style, and it may or may not incorporate modern or traditional methods for managing employees.

The Use of Guanxi Among Small Family Businesses in China