Premium
UNIVERSITY OF NEW SOUTH WALES
Author(s) -
Bianca Glajz
Publication year - 1961
Publication title -
medical journal of australia
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.904
H-Index - 131
eISSN - 1326-5377
pISSN - 0025-729X
DOI - 10.5694/j.1326-5377.1961.tb82639.x
Subject(s) - citation , library science , computer science , information retrieval
Repeated reference to ‘guanxi’ (Chinese term for ‘relationship’) and its status as a critical success factor for doing business in China’s transitional economy can be traced within the strategic management literature. This phenomenon has been progressively explored through Transaction Cost Economics and Resource Based View conceptual and analytical lenses. A detailed review of the literature highlights certain conflicting arguments and limitations associated with both of these two conceptualisations of guanxi as a source of a sustainable competitive advantage. This research gap is addressed by exploring guanxi from a dynamic capabilities perspective, thereby offering new insight into the phenomenon and its implications for achieving a sustainable competitive advantage.