Money will always be there when you have another company to serve as your back up. However, there are a lot of things to be done in getting everyone adjusted. So, simply make the most out of the help that you can get from this article. In that scenario, there shall be less conflicts and only cooperation from both parties.
Everyone needs to adjust to the culture of one another. Joint venture project funding does not stop once the contract has already been sealed. Since you are going to work together on an everyday basis everyone should be more understanding. Compromise is very much required when one person does not like something in this working environment.
Get to know the company work values before negotiating with them. This is not just about the money. You need their manpower as well for you to finally speed up the production. So, be into the tiniest details even when one has deadlines to meet because you want nothing but the best for this milestone.
Set the responsibilities of each department ahead of time. Everyone needs to gain this sense of professionalism simply because there are a lot of money at stake. Besides, when everybody knows what is needed to be done, there shall be no delay in the time line and your superiors would continue to be happy for you.
The departments need to have the best of both cultures. In that situation, your investors will not feel like you are having favorites. They will learn to trust in your fair judgment and that is when you shall allow one another to focus on your respective expertise. The work flow will be much better in that kind of situation.
Not all the executives will be on your side. However, when you reason out to them in a nice way, they will soon warm up. So, have patience with where you are going with your point. Always try to be the better person in the room. Serve as a good example for every struggling member of your team because that is your role as the CEO.
Be present for the monthly meetings for you to report how well your people are doing. Remember that you need to constantly assure the executives that everything is fine. Get more accurate with your presentation with the use of charts and figures. If they have special concerns, attend to these things immediately.
Disputes are inevitable. What is vital is that you learn to be level headed about this. Call for an external accountant right away to bring more light to the issue. This will also stop the other party from making their claims. Promote fair judgment in the remaining months of the project.
The adversities in the beginning can be more than what you have anticipated for. However, things can truly get better later on. Just hang on to all of your principles as a leader and be firm when your side is the one which has committed the mistake. Practice fairness in all these aspects for now.
Everyone needs to adjust to the culture of one another. Joint venture project funding does not stop once the contract has already been sealed. Since you are going to work together on an everyday basis everyone should be more understanding. Compromise is very much required when one person does not like something in this working environment.
Get to know the company work values before negotiating with them. This is not just about the money. You need their manpower as well for you to finally speed up the production. So, be into the tiniest details even when one has deadlines to meet because you want nothing but the best for this milestone.
Set the responsibilities of each department ahead of time. Everyone needs to gain this sense of professionalism simply because there are a lot of money at stake. Besides, when everybody knows what is needed to be done, there shall be no delay in the time line and your superiors would continue to be happy for you.
The departments need to have the best of both cultures. In that situation, your investors will not feel like you are having favorites. They will learn to trust in your fair judgment and that is when you shall allow one another to focus on your respective expertise. The work flow will be much better in that kind of situation.
Not all the executives will be on your side. However, when you reason out to them in a nice way, they will soon warm up. So, have patience with where you are going with your point. Always try to be the better person in the room. Serve as a good example for every struggling member of your team because that is your role as the CEO.
Be present for the monthly meetings for you to report how well your people are doing. Remember that you need to constantly assure the executives that everything is fine. Get more accurate with your presentation with the use of charts and figures. If they have special concerns, attend to these things immediately.
Disputes are inevitable. What is vital is that you learn to be level headed about this. Call for an external accountant right away to bring more light to the issue. This will also stop the other party from making their claims. Promote fair judgment in the remaining months of the project.
The adversities in the beginning can be more than what you have anticipated for. However, things can truly get better later on. Just hang on to all of your principles as a leader and be firm when your side is the one which has committed the mistake. Practice fairness in all these aspects for now.
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