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Italy-China Cooperation: Analysis of a Case of Stakeholder Management
Starting in 2015, in order to seize the opportunities coming from the international markets, grow in size, and achieve economies of scale, the management and shareholders of Pirelli decided that it was possible to allow the Chinese giant ChemChina to acquire a significant stake and exercise influence over the company's decisions.#The ChemChina-Pirelli case could represent a true benchmark for other ...
The Myth of Guanxi: What We Really Know
Doing business in China is difficult, but there seems to be an essential element: guanxi. Guanxi means particularly precious relationships with the principal decision-makers and gatekeepers. A guanxi offers preferential treatment in bureaucratic decisions and gives access to greater business opportunities. It allows for accessing resources on little liberalized markets, such as capital and land in ...