article thumbnail

Building Relationships Across Cultures In Today’s World

Tanveer Naseer

In many parts of China –– the art of networking in business revolves around a system of building social capital known as guanxi (gwan-shee). This could include navigating government bureaucracies like getting a visa or business license, being recommended for a job, getting a good deal on an apartment, etc.

Long-term 100
article thumbnail

How Corporate HQ Can Get More from Innovation Outposts

Harvard Business Review

They received generous expat remuneration packages and the tremendous opportunity to create their own social capital by meeting entrepreneurs and venture capitalists and being exposed to the frontier of ideas and technologies. They worked with little coordination and control from HQ. Speed up corporate deal making processes.

article thumbnail

How Blockchain Will Accelerate Business Performance and Power the Smart Economy - SPONSOR CONTENT FROM MICROSOFT

Harvard Business Review

Political economist Francis Fukuyama predicted a future when social capital would be as important as physical capital, and that only those societies with a high degree of social trust would be able to create large-scale organizations capable of competing in the new economy.