Buy custom A risky investment on a poor governance environment
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 841 |
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Before the investments, choose partners that you have cultivated close connections or relationships to honor commitments. Next step is the tracking process. During this phase, investors should make sure that your partners are on the right track in fulfilling their promises. The last step is to monitor any cheatings or dishonesty...
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The last step is to monitor any cheatings or dishonesty. All three steps are essential in conducting business in a relation-based environment especially the first stage is the utmost important phase. Without this first stage, the probability of a company being cheated is much higher.
As a study in the China case, this country is one that has relation-based governance, meaning a government structure base solely on connections with higher officials...
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