Answered: Discuss what building good…

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

Related questions

Question

Discuss what building good relationships with clients, customer and partners would entail

Expert Solution

Step 1

Business Relationships

Building Business Relationships is the corporate practice and method of cultivating and sustaining stakeholder relationships across a variety of channels, practices and innovations. This implies, in practice, using software to organize, automate, render more productivity and boost sales, marketing, customer and technical support.
The concept of stakeholder analytics using just manual means was time-consuming and very difficult. It can be said that it was next to impossible to properly identify core issues with stakeholders for large companies using manual means of stakeholder analytics.
Before the advent of technological advancements, using data from business relationships was performed manually and was considered to be an unreliable and inefficient tool. Now, due to the varied tools available, this is considered to be one of the most effective ways to enhance performance and success for the organization.