concept   small business
culture   East Asia
statement   Small businesses in East Asia face challenges from dominant state-owned enterprises and rely on guanxi for connections and support.
2 similar statements
# Concept Culture Statement Freq.
1 opening business East Asia Opening a business is often influenced by guanxi (connections) and requires building relationships with government officials and investors as well as family and friends. 1
2 small business East Asia Less prevalent due to the dominance of large state-owned enterprises, with less government support and a focus on larger businesses 1