Question Solved1 Answer The drop-down options for question #1 are guanxi, chao lin, feudalism 1. Competing in the global economy or networks where managers can ask favors of other managers and expect to return those favors Chinese companies participate in in the future. In order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. Suppose that you want to open a new franchise in Russia. Which of the following actions would be most beneficial to you when handling Russia's political system that is similar to guanxi? Check all that apply. O Open multiple franchises at once. O Demand that the franchise be operated according to U.S. standards. O Negotiate slow, general agreements. Establish a joint venture with the Russian government.

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The drop-down options for question #1 are guanxi, chao lin, feudalism

Transcribed Image Text: 1. Competing in the global economy or networks where managers can ask favors of other managers and expect to return those favors Chinese companies participate in in the future. In order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. Suppose that you want to open a new franchise in Russia. Which of the following actions would be most beneficial to you when handling Russia's political system that is similar to guanxi? Check all that apply. O Open multiple franchises at once. O Demand that the franchise be operated according to U.S. standards. O Negotiate slow, general agreements. Establish a joint venture with the Russian government.
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Transcribed Image Text: 1. Competing in the global economy or networks where managers can ask favors of other managers and expect to return those favors Chinese companies participate in in the future. In order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. Suppose that you want to open a new franchise in Russia. Which of the following actions would be most beneficial to you when handling Russia's political system that is similar to guanxi? Check all that apply. O Open multiple franchises at once. O Demand that the franchise be operated according to U.S. standards. O Negotiate slow, general agreements. Establish a joint venture with the Russian government.
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1. Answer = Guanxi Answer = Negotiate slow, general agreements. Establish a joint venture with the Russian government. Elaboration: Guanxi, traditionally a term ued in Chin ... See the full answer