Advices On Joint Venture Project Funding
| 14:36:00 |
Joint ventures can be good for funding purposes. However, there are really some tips which you need to follow. In that way, you can make sure that there shall be no problem in the fusion of two companies. There shall be unity and every disagreement is going to be dealt with in the most professional terms.
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.
Orient the new departments of their weekly activities. If they think that they will not be able to make it, they must inform you of the issue beforehand. Information has to travel in the right way for your own supervisors to never question the style of your management. Remain free with your decisions by guiding everybody.
Department heads should come from both sides. In that scenario, there can be a continuous flow of varied ideas. Just let time mend the gaps among your people. Soon enough, they shall realize that they have more things in common than they care to admit. So, your job is basically done in here for now.
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.
If a dispute has been made, there should definitely rules on how this is going to be tackled. You would also be needing a third party to form an unbiased opinion on this. Anyone who is close to the parties involved are not allowed to be in the meeting room while the discussion is going on. You are not an exception.
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.
Orient the new departments of their weekly activities. If they think that they will not be able to make it, they must inform you of the issue beforehand. Information has to travel in the right way for your own supervisors to never question the style of your management. Remain free with your decisions by guiding everybody.
Department heads should come from both sides. In that scenario, there can be a continuous flow of varied ideas. Just let time mend the gaps among your people. Soon enough, they shall realize that they have more things in common than they care to admit. So, your job is basically done in here for now.
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.
If a dispute has been made, there should definitely rules on how this is going to be tackled. You would also be needing a third party to form an unbiased opinion on this. Anyone who is close to the parties involved are not allowed to be in the meeting room while the discussion is going on. You are not an exception.
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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