By: Kaitlin-Ann Mulligan
You are a business.
Constantly university students are reminded that each of us are our own business, but how is this relevant to Business-to-Business interaction and personal relationships? Today in class Amber Naslund explained her views and definition of Business-to-Business and I realized something interesting that I never before bothered to acknowledge. Business-to-Business interactions and relationships are similar in many ways.
Communication is key. In Business-to-Business relationships each party needs to know what’s happening. In order to know what is happening each party needs to communicate effectively. Personal relationships require the same communicative skills. Communication in personal relationships are necessary to understand each person’s feelings with no misunderstanding of what true intentions in situations are.
Team work makes the dream work. Two or more parties working together are necessary for generating common goals. Similarly, within personal relationships same goals are needed to run a relationship smoothly. Both take incredible effort but if everyone in the relationship is willing to work together then there is a higher chance of success.
“Trust is like an eraser, it gets smaller and smaller with each mistake.” If you can’t trust your business partner, the question of whether or not the partnership generates best potential for success loops in your mind. Personal relationships are based on trust. When there is no trust in a personal relationship then paranoia takes over and can bring a relationship to a premature end.
Be flexible. Willingness for adaptability especially to stay ahead with trends in Business-to-Business relationships help keep the relationship modern and never outdated. There is always some kind of change in personal relationships because they are always evolving and growing. Each person develops as their own individual, additionally together as a couple.
Compromising. There is no relationship of any kind without compromise. Without compromise a relationship isn’t partnership, it’s one party being more dominant than the other. Compromising creates the greatest results for both sides of the partnership. Business-to-Business relationships and personal relationships need to be willing to come to an agreement with pride aside to get what each other wants by doing it in different ways than originally expected if it were one person and not partners.
Currently in businesses we can see a trend in paying attention to behavioral patterns in consumers. In similar lighting, this goes for when significant others pay attention to the partners behaviors to understand what they like and want in the other. Partnerships need to be “appreciated, taken care of, and paid attention to,” said Amber Naslund during her video conference call during the SOJC’s Strategic Social Media class.
Linkedin: Kaitlin-Ann Mulligan