More transparent reporting for example outline what the sales expenses are so this issue could be detected earlier 2. Policies and strategies to cultivate and maintain “ Guanxi ” within the ethically accepted boundary. - guidelines about what are counted as gifts and what gifts can be given - guanxi relationships and what has been given to build the relationship should be recorded - Better education on what is ethical and accepted 3. 3) Read the Sino-Singaporean Suzhou Industrial Park (SSIP) case (Box 3.3), and choose one of the following reasons you reckon is the key explanation for the “sizable losses of the SSIP project” (detailed justification needed):
1. The main reason of the sizable losses of the SSIP project is due to the Singaporean government neglecting the guanxi with the local Suzhou government. This is clearly the key issue here. It is important to have Guanxi with all levels of government. It is key to have it with all parties involved in a venture. 2. The main reason of the sizable losses of the SSIP project is due to the local Suzhou government unfairly competing with the SSIP.
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