Maintaining long-term professional relationships

Assignment Help Business Management
Reference no: EM131338050

Assignment Choices: Maintaining Long-Term Professional Relationships 

One of the most important aspects of negotiating with someone or a business that you have a long-term and on-going relationship with is maintaining that relationship post-negotiation. Consider the following negotiation:

You are the project manager for a manufacturing company. You have a long-term relationship with a supplier that provides your company with computer chips for your product. There have never been any previous issues, and you and the supplier have had a great relationship. However, with the last shipment, there were defects in 25% of the chips. You need to discuss this issue with the supplier and determine the best solution. Your main concern is not ruining the relationship, but the defects are costly for your organization.

Based on this scenario, brainstorm your answers for the following areas:

  1. Goals
  2. Trades
  3. Alternatives
  4. Relationship
  5. Expected outcome
  6. Consequences of winning or losing
  7. Power
  8. Possible solutions

After completing the eight areas, prepare a letter to the supplier's president. Consider the elements above in the letter. Your letter should contain the following:

  1. Current issue
  2. Your suggestion for solving this issue
  3. The outcome you would like to see
  4. Time frame
  5. Suggest your alternatives and solutions

Your answers to the eight elements can be written in a numbered list; however, your letter should be written in complete sentences and appropriate business letter format. The letter should be 1-2 pages in length and should be structured formally following the CSU-Global Guide to Writing and APA Requirements.

Reference no: EM131338050

Questions Cloud

What is the velocity of the probe relative to the earth : A spacecraft that moves away from the earth with a speed of 0.800c and fires a space probe in the direction of its movement with a speed of 0.650c. What is the velocity of the probe relative to the earth?
Identify appropriate methods and measures or techniques : Identify appropriate methods, measures or techniques which you consider are necessary for the security of telepresence systems.
How many shares are outstanding and issued : The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the company’s books as follows: How many shares are issued? How many shares are outstanding? How many more shares can be issued without the ap..
Level versus a chase strategy to meet the increased demand : Provide a detailed cost breakdown for using a level vs. a chase strategy to meet the increased demand.- Which strategy do you recommend?- How much savings would result from the plan you recommend?
Maintaining long-term professional relationships : One of the most important aspects of negotiating with someone or a business that you have a long-term and on-going relationship with is maintaining that relationship post-negotiation. Consider the following negotiation:
Assume that the current yield to maturity on the bond : Compute the price of a $5,000 par value bond with a coupon rate of 7.75% (semi-annual payments) and 20 years remaining to maturity. Assume that the current yield to maturity on the bond is 8.60%. What is the yield to maturity of a $1,000 par value bo..
Describe how the brands are alike and how they differ : Is Harley-Davidson, Inc., (H-D) competing in the right businesses, given the opportunities and threats present in the external environment? How the brands are alike and how they differ.
They convey-relay-interpret-visualize-support and contradict : Graphs are important, and not just for economics. They convey, relay, interpret, visualize, support and contradict, explain and explain away many of the things we come across in our daily lives - both personally and professionally. Take three (3) gra..
Was anything unclear or confusing to you : What are the main points of this reading (focus on concepts, ideas, and theme, not on individual facts)? ( Main idea, supporting details)Was anything unclear or confusing to you?What was new to you, and did it change the way you think about or perce..

Reviews

Write a Review

Business Management Questions & Answers

  Continued to misunderstand

Discuss a time at work, home, or school when you attempted to communicate with someone who failed to pay attention and/or continued to misunderstand. How did you feel?

  Assume the league reminder profits

Assume the league's reminder profits was $335 million. Assume costs of fan irritation from the lockout is equal to owners' next best alternative, calculate the owners' break-even probability. Explain your results.

  Determining the operational considerations

Think about Outsourcing (or offshoring) the following two companies, a manufacturer of office furniture and retailer which sells cell phones and data services. What are 5 Operational considerations you'll need to think about for both?

  Define influence to increase public input in decision making

Identify and analyze the power influences in the Lindeman article. What is one way that an organizational leader can use power and influence to increase public input in decision making. Should public input influence decision making

  Crisis management

Can someone explain the difference between management and leadership in detail?

  Problem regarding the short-term debt

How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent.

  Question about business policyplease help me with the

question about business policyplease help me with the following issuea. does an organizations culture follow its

  Explain how many weeks of supply does the organization hold

If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, explain how many weeks of supply does the organization hold?

  Appropriate range names for total production cost

Create appropriate range names for Total Production Cost (cell B18) and Gross Profit (cell B21) by selection, using the values in the left column.

  Demand versus the utilization of proper seasonal forecasting

Process of how managers checking scanner records to learn past demand versus the utilization of proper seasonal forecasting.

  What is driving the need for the transformational change

What is driving the need for this transformational change? Discuss at least 3 theories of change management (eg. Kotter, Lewin, Nadler, action research, and appreciative inquiry).

  Describe what makes that decision unethical

Identify an unethical business decision you have experienced either in the business for which you work, or one with which you are familiar from current events.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd