 The privatisation of China's SOE: How is it affecting the production of guanxi?Stephen Grainger International Journal of Management and Enterprise Development, 2011, vol. 10, issue 2/3, 156-172 Abstract: As the Chinese market economy gathers momentum, how are the methods of producing guanxi in state-owned enterprises (SOE) evolving in response to privatisation? Research comprised of 128 interviews conducted at a SOE in Yunnan Province found the characteristics of producing guanxi are changing due to increasing market forces, the modernisation of management methods and through professional work-based relationships replacing family-based work cliques. Employees are now aiming to produce guanxi by providing quality services for their superiors and customers. The findings suggest stakeholders involved in SOE takeovers or joint ventures need to be aware of new management methods and ways of harnessing guanxi if they are to fully realise the profitability of their SOE acquisitions. Keywords: guanxi characteristics; networks; social connections; economic reforms; privatisation; SOE; state-owned enterprises; China; market economies; Yunnan Province; market forces; professional relationships; work-based relationships; family-based cliques; work cliques; employees; quality services; customers; stakeholders; takeovers; joint ventures; profitability; management methods; modernisation; enterprise development. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmede:v:10:y:2011:i:2/3:p:156-172 Access Statistics for this article More articles in International Journal of Management and Enterprise Development from Inderscience Enterprises Ltd |
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