Managing Vendor Relationships

By Mike Myatt, Chief Strategy Officer, N2growth

Effectively managing vendor relationships is critical to the success of any business. I found the above video posted on UberCEOand thought it was brilliant. Anyone who has ever been on the receiving end of the client-vendor cramdown will surely relate to this video. The moral of the story is treat your vendors how you wish to be treated…while you may currently have the power to play hard-ball, times change and shifts in the power curve can and do happen. Remember that most people have long memories, so it’s best to keep in mind that “what goes around comes around.”

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