Influence of Culture in Business

Paper Summary:

This paper looks at two specific social customs in China: interpersonal relationships (guanxi) and respect (mianzi). It discusses how the social norms help a person proceed in the business world and looks at how important it is for a foreign business to understand Chinese culture before venturing into the Chinese market.

From the Paper:

"China has a compelling economic story. Over the past two decades, China has shown a seven-fold increase in GDP, has become the world's second largest economy and is now a leading trading entity. In 2001, China's exports grew by more than 6% while globally exports fell 4%. China increasingly serves as a production hub and select foreign products have made broad inroads into their consumer market."

More papers on Influence of Culture in Business:

• Term Paper # 135785 : "Maslow's Hierarchy of Needs in Business"
• Analytical Essay # 146549 : "Establishment of a Successful Business"
• Research Paper # 75056 : "The Influence of African-American Leaders on Society"

APA Citation:

MLA Citation: