Managing international business in relation-based versus rule-based countries /

Li, Shaomin,

Managing international business in relation-based versus rule-based countries / Shaomin Li. - 1st ed. - 1 electronic text (viii, 144 pages) : digital file. - International business collection, 1948-2760 . - International business collection, .



Chapter 1. Introduction: rule-based versus relation-based systems -- Chapter 2. Distinguishing rule-based and relation-based countries: how to measure governance environment -- Chapter 3. Market structure in relation-based societies -- Chapter 4. How much do we trust disclosed information: investment protection in relation-based markets -- Chapter 5. Mafia boss or modern manager: management and working relationships in relation-based firms -- Chapter 6. Friction between information and communication technology and relation-based governance -- Chapter 7. Efficiency-enhancing corruption: corruption in relation-based societies -- Chapter 8. The greatest leap forward: the transition from relation-based to rule-based governance -- Notes -- References -- Index.

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This book summarizes the research in the past 10 years on how different governance environments at the national level affect business operations and management. Its primary audience includes executives who manage business across borders. Readers interested in international political economy and comparative culture may also find it intriguing. A country's governance environment includes the political, economic, and social systems that facilitate or constrain the way firms and individuals govern their social exchanges and business activities. This book distinguishes and examines the two major governance environments in the world, the rule-based system (conventionally called the "Western way") and the relation-based system (the "Asian way"), and demonstrates that the Asian way does not come from cultural heritage, but rather it is a result of the particular stage of political and economic development in which public rules are not fair and effective. The author argues that contrary to the conventional view that dismisses the relation-based way as backward, it may be efficient under certain conditions. This book further shows that the success of the relation-based way is not primarily based on the family but on a more extended informal social network beyond the family.




Mode of access: World Wide Web.

9781606490853

10.4128/9781606490853 doi

1 BEP


International business enterprises--Management.
International business enterprises--Cross-cultural studies.


Western countries--Politics and government.
Asia--Politics and government.

Rule-based (rules-based, public ordering) Relation-based (relations-based, relationship-based, private-ordering) Family-based Governance environment Governance Environment Index (GEI) Transition Social network (informal network) Trust Generalized trust Particularized trust Extended particularized trust Nuclear particularized trust


[genre]

HD62.4