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Monday, March 18, 2013

Doing Business the Right Way

 Business, like any other relationship, is a two way thing.  Built on trust and mutual benefit.  Stephen Covey called this the WIN-WIN relationship.

Now why is it the there are people out there who doesn't seem to get this principle?  Beats me.  Although I would surmise that it is rooted in a God complex where everyone else is expected to kow-tow and a narcissistic notion that all benefits should reside in oneself.  People such as this should not be entrusted with a vendor management role.  Although such a person can deliver the benefits on your side of the fence they will, in the long term, be a bane to your business with vendors shying away from any business transactions with you.

A good vendor manager builds long term partnerships.  He looks to the horizon and see a bright future hand in hand with his business partners.  He fosters a relationship based on "give and take", fair play and an equitable distribution of opportunities.  Conversely, a vendor should also share the same business mind set; otherwise no long term partnership can be established.


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