In a wartime crisis a responsible business must manage to be more than business. Even if your business is not in the geopolitical regions of the war zone, you should definitely read this. Because, there is a high chance your business will be affected by the crisis.
negotiation
7 Basic Types of Inventory Costs and Examples
In Inventory costs, ordering, holding, carrying, shortage and spoilage costs make up some of the basic types of inventory-related costs we often forget. These groupings broadly separate the many different inventory costs that exist, and below we will identify and describe some examples of the different types of cost in each category.
3 Building Blocks of Negotiation to Be Master Negotiators
Unfortunately, most people are not natural-born master negotiators. The good news is that research consistently shows that most people can significantly improve their negotiation skills through education, preparation, and practice.
What Are The 2 Key Elements of a Good Successful Negotiation?
Key elements for a successful negotiation in business is to know what you want before negotiating and aim for a Win/Win negotiation. When you give and take; that which satisfies both business parties interests, you will build a lasting relationship and a fruitful outcome with the help of negotiations.
How to Manage Joint Venture Partnerships to Work?
To manage a joint venture partnerships can soon become difficult if you don’t plan them right. Your business may have strong potential for growth and you may have innovative ideas and products. However, a mismanaged joint venture could give you a run for your money.
How to Choose the Right Joint Venture Partner?
The ideal partner in a joint venture is one that has resources, skills and assets that complement your own. The joint venture has to work contractually, but there should also be a good fit between the cultures of the two organizations.
When and Why a Business Can Enter into Joint Ventures?
Entering into a joint ventures is a major decision. When two businesses agree to join together for a common purpose and mutual benefit, it gives rise to a joint venture. Join ventures can be created by two or more parties; generally characterized by shared ownership, shared returns and risks, and shared governance in a business.
8 Easy to Execute Strategies to Skyrocket Your Business Continuity Plan
Invoke your Business Continuity Plan Now! Execute Immediate actions you can take to ensure business continues. The coronavirus pandemic is broadly affecting businesses globally. Here are a few easy to execute strategies to skyrocket your business continuity plan.
How to Resolve Disputes with Other Businesses?
Disagreements in business are inevitable, but the damage they cause is heavily determined by the way you deal with them. Subsequently, its necessary to resolve disputes with other businesses to be a good and successful business.
How to Manage Negative Reviews Online?
Successful business people learn from negative reviews, improve their business if need be, and then move on. Try to use each negative review as a chance to learn something new. If you feel a review is really unfair, remember, your response can actually improve your standing with customers.