It is a dog eat dog world available, or so the saying goes. Every person for themselves. Survival reaches the core of every decision and action.
Selfish as it seems, this is the reality of the tough retail environment. No matter how much we dress up, retail business owners, their suppliers and retail workers are usually all looking out for themselves.
This selfish focus has parties competing with each other, often with a negative effect on the main one unifying aspect in their relationships, the retail business.
Once once the shared objective of the retail business might have seen suppliers, owners and employees cooperating and not taking care of themselves first, second and third with the business coming fourth or later with today.
It?s rare today to see a business where fairness to any or all stakeholders sits in the middle of the business.
This ignorance of fairness isn?t just disappointing, it?s damaging to the business and every of the stakeholders.
A reasonable relationship between store owners and suppliers will see both support each other and through this achieve greater mutual success. This really is better for both businesses than one doing better than another.
In a fair relationship between employees and retail store owners might find both profit personally and financially.
So, how do you create a fair relationship?
It starts with trust between all parties. Trust grows from open communication about shared objectives, common ground. It?s built over time, with all parties proving their commitment to see that working toward the shares objectives is mutually beneficial.
A retail business which operates in an open and fair environment can get to determine reduced theft, increased sales and improved productivity.
A store supplier can get to see increased sales along with a fresh approach to resolving disputes over supply arrangements.
Employees can expect to advance further within the business and earn more.
These and other benefits flow if all involved with the business work as a team on the shared objectives that are built around fairness. No more are these parties fighting and competing for his or her personal profit. They are cooperating understanding that they will share in a bigger profit.
Yes, I appreciate that all of this sounds a little rosy, similar to the Pollyanna movie. Trust me, it really works. I have seen retail businesses turn around by changing from a selfish organization to a business operating on fairness with all stakeholders pursuing a shared objective.
If you are not sure, step back and check out your retail business. Are suppliers, owners, managers and employees all genuinely working for the common good or are they out for which they can alllow for themselves?
Try it. Interact and find out great results flow for those involved with the success of the business.
Fairness works. You are feeling better too.
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Source: http://www.quadricsemi.com/importance-of-fairness-in-a-retail-business
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