Posts Tagged ‘price’

The Risks of Suppliers

Every company has vulnerabilities. For example, if you only have one customer or client and you lose them, you are out of business unless you can find at least one new customer. The more common scenario is when a company has multiple customers but one or two customers represent such a significant portion of their business that the loss any of them would considerably alter the picture. This change could be forcing a closure, cutbacks in employees, or other forms of financial belt tightening. Probably you are aware of this risk and are hopefully doing something to mitigate it.

There is another risk that many companies overlook–risks of suppliers.

Dependency

You have undoubtedly heard the expression, Read the rest of this entry »

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The High Price of Integrity

Earlier I wrote an article, Integrity-–-Success Demands It, in which I discussed the importance of maintaining high integrity in business.

There Is a Price

In my earlier writing I mentioned a couple of instances where I was faced with having to refuse to do something I knew to be dishonest or had to report the dishonesty of another employee. While it was actually easy for me to maintain the position I took, the consequences were another story. In both cases Read the rest of this entry »

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