customer funding bankruptcy
People who understand BUSINESS?
For each of the following situations listed below, comment on how you would respond to help solve the problem and minimize the risk for the business.(PLEASE BE SERIOUS…these are real situations)…..
a)one of your employees displays a negative attitude when dealing with customers.
b) Your business partner assumes more debt financing without consulting you.
c)One of your business’s biggest customers(who owes the business a great deal of money) just declared bankruptcy.
d) One of your store managers quits in the middle of a shift
e) The bank asks your business to pay off a loan immediately, but you dont have enough available funds.
f)Your competitor is offering sales discounts that your business cannot match.
a) Simple:Negative=consequences * Positive=rewards. You should reward your good employees that treat your customers well and if your employee that is being disrespectful towards a customer you give consequences and sooner or later the bad employee acting up will pick up on the good employee’s behavior if they too want a reward. Examples: Employee of the month, raise, promotion, etc.
