When I am still working in sales before, it is inevitable to experience this conflict. If I am not that strong enough to handle these conflicts, the projects would be failed in no time. Compromising is the key not to fail any projects in the company.
Have there ever been conflicts that caused a business endeavor to fail?
- Thread starter Shavkat
- Start date
In the late 90s, Blockbuster, a thriving DVD rental business was about to acquire an emerging Netflix. A conflict ensued between the executives of both companies and the deal fell apart. Fast forward till today, Blockbuster has closed down as a business entity.
Conflicts are quite common. The fact of the matter remains that conflicts should be sorted out in the best manner in the first place. This is quite important for all the businesses involved.
Conflicts should never be left to escalate before sorting out and solving the matter on ground, when conflicts go out of hand it may ruin business deals and lot more so the best thing is to make necessary steps in finding solution .
The truth of the matter is that when it comes to running a business, conflict would definitely come, no matter how hard you try to avoid it, it would come. The best thing to do would be to make sure you stay strong and to manage it so it won't have a lasting effect.
Two of my colleagues once hatched an idea to set up a jointly owned retail business. It happened that these colleagues owed me money that exceeded the amount that I was supposed to contribute as capital. After the two failed to reimburse me, the business idea died a natural death.
In retrospect, I am happy that I did not go into business with these untrustworthy people.
In retrospect, I am happy that I did not go into business with these untrustworthy people.
It is common to have conflicts at workplace or between partners. When there is a conflict, try to resolve it before it escalates. The persons involved should understand each other's position and try to make a compromise.
