Where do personal relationships fit into business decision

Reference no: EM133302804

Assignment: Where do personal relationships and sentiments fit into business decisions and communications?

You have recently launched your first business and now must hire support staff on a limited budget. You have interviewed a number of people to fill the position of your Business Manager - the person who will be in charge of some of the most important decisions your company has to make during its first year on the ground. You have narrowed it down to two top candidates.

Candidate #1 is a brilliant Ivy-League graduate who has a flawless track record. You would have to stretch your budget a bit to afford this person's salary, and, since you do not know him / her yet personally, you would have to build a relationship with him from scratch. However, his brains and expertise might help your company reach its goals more quickly than you had planned.

Candidate #2 is a good friend of yours from your own college years. While he / she is not the smartest or most experienced individual, you know you work and communicate well together. Furthermore, not hiring this person for the job might damage your friendship irrevocably.

Question: Which candidate do you choose and why? What role, if any, do personal relationships and sentiments play in business relationships and decisions? Does being a successful businessperson always or ever demand the sacrifice of personal relationships or even of ethics?

Reference no: EM133302804

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