Businesses are built on relationships. What do you think this Essay

Businesses are built on relationships. What do you think this statement means What are the implications for managing th - Essay Example Moreover both the parties should let each other know what is their importance. The relationships in business may be of many types like buyer–seller, investors, distributors, middlemen, channel partners etc. Without any relationship in the business world it will become extremely difficult to expand and continue the business. It also depends upon the type of business you are in and upon the responsibilities you have. For instance, if your business is sales, marketing or any of such kind then building strong business relationships is a must. The external environment has a very strong impact on the businesses which may be directly interactive or indirectly interactive. Directly interactive, forces include owners, customers, employees, suppliers, competitors etc. The owners expect that the managers will work in the best interest of the firm and the customers expect that their demand is satisfied by the products they use. The suppliers require timely payments from the organization. The second is the indirectly interactive force which includes political, legal, technological, socio-cultural, changes. For instance, if a company deals in technology it will greatly be affected by the new softwares which are coming up then to a company which does not.