Guanxi Is the Chinese Term for a Way of Doing

question 94

True/False

Guanxi is the Chinese term for a way of doing business in which parties must first invest time and resources in getting to know one another and becoming comfortable with one another before consummating any important deal.

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Definitions:

Traditional Classroom Training

Instructional methods conducted in-person where a teacher or trainer presents information to a group of students or employees.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.

Orientation

The introductory process for new employees, familiarizing them with the organization's policies, procedures, culture, and their specific job duties.

Formal Process

An established, structured procedure or set of steps followed to achieve a specific goal or outcomes within an organization or institution.