• Equal Wealth and Exploration of Natural Resources: China is an agriculturally based economy founded thousands of years ago. So, to develop his national economy the ruler has to help his people acquire their own property so that they will leave in peace without any fighting and conflict. It is therefore concluded that fighting and chaos will never predominate in a state in which there is an even distribution of wealth. In addition a government should create a society of even distribution of wealth by providing its people with employment opportunities, developing natural resources and economy and bettering the life of people. • Relationships: From the perspective of human relationships, a business as a complex series of specific relationships that must be executed properly if a firm is to be successful. These relationships progress from ones between workers, to relationships between firms, to those between firms and customers. For relationships to be executed well they must be among moral and competent individuals with the knowledge and good character, names, if you will, to fulfill them correctly. For success, whether in personal or business life, is ultimately the result of competent people applying knowledge. Managers in various responsible positions must possess knowledge: knowledge of the customer; knowledge of the skills, competencies and innovations required to fulfill customers’ met and unmet needs; and the ability to apply appropriate knowledge effectively, which
Entrepreneurs always make efforts to cultivate good relationships with people in general, with the hope that one day these people might be their clients. They always make good relationship with their staff although there are those who are always indifferent to their employees, and tend to exploit them. They have good relations with clients, see human relations as an important resource of the enterprise and regard long-term goodwill as more important than short- term
A successful economy is perhaps the most key ingredient leading to a successful nation. An economy is a delicate balance of many different conflicting and coexisting elements. Naturally, an economy's success can often be measured by the amount of wealth is contains, not to mention the effectiveness or ineffectiveness of its distribution of the wealth. Effective distribution of wealth is no easy feat. Wealthy and poor people will always need to coexist- this is an inescapable truth. The government's job in many cases becomes that of a referee. Naturally, perfect peace and harmony between to totally different classes would be a utopia, and probably will never be completely achieved. A government must, therefore, regulate economy so that one
Reducing inequality determines the capability of the state to manage resources and conflicts. The government can organise geographic distribution of income. This measure ensures the balance distribution of wealth across regions and helps reduce inequality. It also answers the challenge for balancing the growth between minerals sector and non-mineral sector. Moreover, this tool assists the local government and community to take advantage from resource revenues (Ross 2007). By doing so, the government is not only reducing inequality, but also the risk of
An employment relationship describes the dynamic, interlocking economic, legal, social and psychological relations that exist between individuals and their work organizations. Palgrave Macmillan (2013), Glossary [online] Available at: < http://www.palgrave.com/business/brattonandgold/glossary/glossary.htm> [Accessed 17th September 2013]. Factors that impact on this relationship both have a detrimental effect to the running of a business. I will focus on two internal and two external. These being:
As a part of the four key factors in emotional intelligence, relationship management involves the “soft” or personal side of management that has a direct impact on the aspects of the business (Durbin, 2010).
In my following term paper I would like to show you what the key elements of every relationship is and for further explanation examples will document every relationship. At the end a real life example will show an industry which is right now making a shift from transactional relationship selling to a consultative approach.
Relationships: employees are controlled by hierarchical system. The relationships between managers and the team-leaders are formal whereas team-leaders and stock clerks are maintaining informal relationships as friends. There is not much conflict between employees in the organization, but if it happens, we discuss the conflicts during the meeting
According to Vincent (2014), relationships are the key to advancing professionally, organizationally and socially as they foster the ties necessary to meet objectives. With this, the leader is the responsible party for taking the necessary steps to foster a co-creation environment.
Managing the firm’s reputation gives a huge advantage in the success of every business. Successful Client relationships in Professional Services are developed by Effective Client Management. Berkovi in his book, “Effective Management in Professional Services: How to Build Successful Client Relationships”, emphasises on the client’s needs and values and the importance of Developing a Culture of Client Orientation, then he investigates the impact of clients on the structure of the firm. In chapter one of the book Berkovi introduces different strategies to underpin a Client-oriented culture. The strategies he speaks about are: Client-Facing Processes, Client Satisfaction, Client Relationship Management, and Client-Related Objectives. First, in defining the Client-Facing strategy, he suggests that the firm’s work processes can be defined based on the Client rather than the firm. In this case employees are encouraged to understand the clients’ value, meet clients regularly to discuss potential opportunities with them and add value to the Client experience. Second, In Client Satisfaction process, Berkovi defines a limit to which the Client expectations are met by the firm, on condition, employees are encouraged to have regular and less formal contact with Clients, actively listen to them, and use their satisfaction information as essential feedback about the firm 's performance. Then, In Client Relationship Management process, the author introduces a process in which everyone in
It is said that “relationships” are the fuel that feeds your “business”. It takes dedication to develop and maintain not only a business relationship but also important to make it a successful one.
The management of organizations can often be improved through systematic attention to the “customer’s needs” that must be satisfied if the organization is to survive. There are two implications deriving from this statement:
An overlapping relationship is the result of this system. The corporation cannot thrive without workers and workers cannot thrive without delivering excellent customer
There can be different types of relationships in an organization that can range from just selling and not providing any services to the consumers in forming a partnership where the customers are involved in suggesting their needs and determining the type of products and services that can address their needs. By forming such relationship, the customers can get their needs satisfied and receive excellent service whereas the sales person can have their own advantage by increasing customers thereby increasing referrals that in turn help to gain more customers.
To develop profitable relationships with organisational customers,
Relationship-building: Having good relationships – trust, mutual respect, understanding – are intangibles that develop and evolve over time, based on individual and collective experiences and interactions. For this reason, we have to engage with stakeholders at a much as early as possible.