A study by Deloitte commissioned by the Victorian Small Business Commissioner highlighted that a vital ingredient to success for businesses is the formation of strong, mutually beneficial business relationships. This class will summarise seven key points from the study. These tips are relevant to new small businesses and startups as they provide them with the tools to establish good relationships in the early stages so that businesses can grow smoothly.
This class will discuss and explore the seven main characteristics for successful business relationships as follows: - Alignment; - Commitment; - Mutual interests; - Communication; - Accountability and responsibility; - Professional conduct; and - Pre-agreed dispute resolution.
Students will learn: - What they need to look out for when building new business relationships; - Develop strategies for working with other businesses; - Tips to think about before signing a new contract; and - How to manage disputes in the event that relationships turn sour.
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