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| Started By | Thread Subject | Replies | Last Post | ||
|---|---|---|---|---|---|
| rjyk | exchanges based on "guan xi" | 1 | Nov 1 2011, 8:14 AM EDT by lecarg | ||
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Thread started: Oct 31 2011, 11:59 AM EDT
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Although the highly competitive business environment of today’s economy is characterized by widespread bureaucratic organization, I feel that the future of “guan xi” in our modern exchanges is not as bleak as it seems to be. This is perhaps one of those times when the truth that we, as humans, are actually not as rational as we like to declare ourselves to be, calls for celebration. Take for example, if you are currently working enjoyably in a company where your boss and colleagues treat you very well and you have been working there for years, but every month you wished that you had a higher salary so that you can consume more leisure goods. And suddenly someone from another company offers you a fatter paycheck if you were to join them. Will you choose to “hop over”? Based on rationality, you will because the economic benefits. However, some of us will actually choose to stay because of we treasure our “relationship” with the company (“guan xi”).
The patron-client networks are more prevalent in the marketplace not governed by strict rules of exchange, and where bargaining or negotiation is possible. Discounts are sometimes given to retain customer loyalty and to establish “guan xi” with the customers who will ensure patronage in future. However, such a situation is possible in today’s society only when goods of exchange are relatively homogeneous and not differentiated by branding, where the customers will patronize stalls which they have already established “guan xi” with. |
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