Did you know that IBMH’s guanxi is a great ally for your hardware imports from China ?
A country’s culture and traditions influence everything, even business. There is a key concept that needs to be understood before beginning any transaction in China: guanxi. In fact, not knowing what this is can cause a business deal with a Chinese company to fail. In order to control all the variables that affect negotiations, you have to work and live in this country… or, simply have IBMH on your team. Did you know that IBMH’s guanxi is a great ally for your hardware imports from China? What is guanxi? There is no literal translation for the word ‘guanxi’. It encompasses different social implications that go beyond the definition of ‘relationship’. Guanxi is the network of contacts that is built over the course of a lifetime. They are the people you can turn to when you need a favor, but also the people to do favors for. People with good guanxi know [...]