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Business Ethics: Managing Relationship with competitors

Business Ethics: Managing Relationship with competitors
As a company, your competitors are just that: competitors. However, the way you treat your competitors affect how you perceive your customers and the media in your business, your ethics and your kindness. For these reasons and more, it is important that you carefully consider how you act with your competitors. In this article we are guidelines on how to have a good relationship with competing businesses while limiting the impact this will have on your business success. When customers see you have strong morals, how you feel with your competitors, they are sure that you know how to treat them properly.

congratulate their success

If a competing business does something well, you should be willing to say so. For example, if a competing company has succeeded, more traction than you win, then you should point out that it is really well done and are a good business, but also pointing out the advantages of your company in a position to offer that your competitors do not. This is a good demonstration of strong ethics in your company, and will certainly leave a positive impression.

Recommended Business Their Way

If you and your competitors are able to meet for various categories of customers, why not recommend it if you do not offer a service to a specific customer? How to look good, and they might even be able to do the same for you in return. In the end both of you end up being more business /> Sales & Marketing Strategies

When it comes to marketing and sales, it may be tempting to point out the negative aspects of your competitors. And in some cases it may be an essential part of the closing of the sale. But instead of criticizing mention your competitor, why not, both positive and negative points of their service? Such as:. ?Yes, you guessed right, Company A is able to offer lower prices than we are for customers who are more sensitive to price, and the 100% up-time is not essential, it can be a good solution will be. We provide more IT-dependent organizations, employing three times as many engineers per customer. Company A, a foreign call center that is a good way to keep costs low, and a more efficient service, but we prefer to give each customer a dedicated account manager. ?

However, on some occasions your competitors do not offer a good service. In this case, you should be as polite and tactful about your competitors as possible. You should also quote sources, such as articles and reports in the media that complement your site. After pointing out any negative aspects, you may also want to explain how the company on the points you raised responds. This shows a degree of objectivity on your side and will prove that your Business has a strong moral knowledge and is willing to appreciate your competitors problems.

not bite

When a competitor speaks negatively about your business, it can be difficult to know what to do. Especially, if you want to make sure to keep your business seems to be kind and considerate Business Ethics . Although it is important to respond to any problems in an articulate manner, you should avoid participating in any tit-for-tat. This will help to keep your business reputation intact.

Kategori: Business Ethics
Etiketler: &amp, Act, business, Business Ethics, Business Marketing, Business Relationship, Business Sales, Business Success, Competitor, competitors, Demonstration, Ethics, Ethics Business, Good Business, How To Have A Good Relationship, Kindness, managing, Marketing Strategies, Media Ethics, Morals, Negative Aspects, Relationship, Sales Marketing

Source: http://business.sitewebadam.com/business-ethics-managing-relationship-with-competitors-3

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