/krō′nēˌĭzəm/ – noun
Definition: Sự thiên vị bạn bè, quan hệ cá nhân trong việc tuyển dụng hoặc thăng tiến trong công việc.
A more thorough explanation: situation in which a person gives jobs and other advantages to friends, particularly in politics
Example: Everything you need to know about corporate cronyism and corruption can be found in his biography.