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Importance of effective supply chain management
Importance of effective supply chain management
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Assignment Questions 1. Discuss what the following statement means: ‘It can take years for a buyer/seller partnership to begin delivering results.’ The reason why it can take a long time to begin delivering results is because the supplier must involve in day-to-day redesign support and process improvement. This whole process will take a long time. In order to build a trust between supplier and a company the supplier should take the action to improve a trust relationship. 2. Discuss the advantages of having point-to-point contact (Exhibit 1) between functional groups at different companies. Are there any disadvantages to this approach? A Good advantage of having point-to-point contact between functional groups at different companies is being …show more content…
What role does trust play in the relationship between Whirlpool Corporation and Inland Steel? Provide examples from the case that illustrate trust within this relationship. In order to build a strong relationship between companies there must be a trust. So trust played a big role in this case. A good example in this case was that inland steel “concern that a single-sourcing policy might cause it to lose touch with the market”. On the other hand, whirlpool “concerned about the technological risks of relying on only one supplier”. However, building a trust relationship between them was the best solution by the belief that both companies will be a low-cost …show more content…
A good specific indicator can the companies use to measure progress and performance is by having a list of questions to be answered from both companies and see how satisfied are they. 7. Under what conditions might the parties to the alliance discussed in this case dissolve or end the relationship? Some conditions that might end the relationship is breaking the trust between parties. And meaning by that is when one side change their strategic without telling the other side about it. This will create an issue in the relationship. On the other hand, if a company found that the cost and productivity are not match then this could end the relationship. 8. How can firms minimize or manage the bumps, hurdles, or conflicts that often occur when firms join together in an alliance or partnership? In my opinion, firms can minimize or manage the bumps, hurdles, or conflicts by setting up a meetings every time the firms needed to. Also by sharing the reports to minimize any risks and find a solution. Also by updating each firm by the other part activities will minimize the
... or face to face in the case of virtual and non-virtual teams, respectively, as well as quick response to conflicting issues (Shuffler et.al., 2010).
... it is can at times be about co-operation and this is evident in the merger of BHP and Billiton in 2001. What BHP Billiton should have learnt from this analysis is that if they continue to diversify, look for new opportunities in emerging markets and maintain a good public image than maintaining success will not be as difficult as it is to build it up in todays times. It is also important to note as it has been evident in the past that the joint ventures and mergers are becoming increasingly more popular as it opens up many different avenues into conducting business in other parts of the world as well as giving more power and control to MNCs in controlling markets, in an increasingly more globalized world we must put at best foot forward to diversify and integrate business and cultures to remain globally competitive.
Difficult to regain trust of existing loyal customers who expected high quality and performance when in competition with other firms in upper trade market.
With the use of the above mentioned mode of communication the company will be able to achieve the following:
Business-to-business companies are relationship driven. They are offering another company a product or service that the company should use to their benefit, and in order to sell this product or service, they have to build a strong, working relationship between the two businesses. B2B companies have to maximize the values of the marketing strategy: relationships and trust. In order to be successful, these two businesses must be able to trust each other, work together, and form a working relationship that will benefit both businesses in the end.
Edward Prewitt reports that a research was made by two academics and consultants, they divide a group into two: one group is face to face team and the other is virtual team. The research states that virtual is becoming the best way to communicate with others if you have the right communication tools to do so. Members of ...
Before the alliance the two firms were in totally different market and they were also in different country but the industry was of same type. Both of the firms were aware about their future plan and lacking.
middle of paper ... ... ms between different regions and departments. The objectives are easily achieved when good communications are applied. Good communications also help to solve complicated structures of the company. Most of the disadvantages are sorted out.
Thus, customers can get and receive information from each other instead of communicating to the corporations or the companies and as result they can easily spread information about company products as well as information about new arrivals
Look up the word conflict in the dictionary and you will see several negative responses. Descriptions such as: to come into collision or disagreement; be at variance or in opposition; clash; to contend; do battle; controversy; quarrel; antagonism or opposition between interests or principles Random House (1975). With the negative reputation associated with this word, no wonder people tend to shy away when they start to enter into the area of conflict. D. Jordan (1996) suggests that there are two types of conflict: good, which is defined as cognitive conflict (C-type conflict) and, detrimental, defined as affective conflict (A-type conflict). The C-type conflict allows for creativity, to pull together a group of people with different opinions or ideas, to combine and brain storm all thoughts to develop the best solution for the problem. The A-type conflict is the negative form when you have animosity, hostility, un-resolveable differences, and egos to deal with. The list citing negative conflicts could go on forever. We will be investigating these types of conflicts, what managers can do to recognize conflict early, and what strategies they can use to resolve conflicts once they have advanced.
Organizations are collections of people that work together and coordinate their actions to achieve a wide variety of goals and for a positive outcome. Conflict is a matter of perception. Managing and resolving conflicts are key factor which group needs to use to be productive. All stages in team development require the ability to negotiate and resolve team conflict. In the beginning stages, it would mostly be the manager negotiating with the employees. In the latter stages of team development, team members to negotiate and resolve conflicts amongst
Communication in work teams differs from that in traditional organizations due having different communication patterns; establishing trust is a key factor; open meetings are a vital approach for improving communication; shared management is common; listening, problem solving, disagreement resolution, negotiation and compromise are significant factors; and information flows in all directions to all associates of the organization.
This involves working together to generate win-win alternatives for resolving issues (Robin, 2002). Collaborating involves high to moderate skill levels of parties, clear clarity of both goals, strong status of relationships, Win-Win attitude toward authority, low concerns for formalities and traditions, and a high self-concept.
Communicating with anyone in the world continues to get more efficient every single day. Technology has made communicating faster and in better quality. Business meetings can now be held with people anywhere in the world, at any time during the day, over a video call. Business people are also using email so much more than they are the telephone because of the efficiency. People do not answer a phone call when they do not know the number that is calling them. People will answer an email much faster than calling back a person who has left a voicemail for them.
-Information can be shared to several persons at a wider range and get organized but not in face to face aspect.