Page 18 - Business-8

Unit 8

You’re having a conflict on how the

business should be run?

Denise: I heard that you recently opened your own shop. How has that panned out for you?
Clare: We were able to get reasonable suppliers so we’re able to sell our goods at a low price.
Denise: With the rising cost of basic goods these days, people are always looking for a bargain.
Clare: Yes, the shop is doing well. I’m not too happy about my business partner, though.
Denise: Second thoughts? But you and your partner just got the business started a few months
ago.
Clare: We recently had an argument on how the business should be run in terms of pricing and
profit.
Denise: What do you mean? You’re having a conflict on how the business should be run?
Clare: She wants to increase the prices so we would have higher profits. I don’t want that.
Denise: Let me guess; you want to retain the current prices and profit by selling more goods,
right?
Clare: Since we are a new company, we should establish the consumer’s trust and loyalty first
Denise: And she would prefer that you increase your profits right away. You have different priori-
ties.
Clare: We already decided to meet by tomorrow so we can talk for us to reach a compromise.
Denise: Find a median that is acceptable for both of you. Perhaps you can increase the prices
slightly.
Clare: After we resolve our conflict, we’ll be better business partners – by learning to compro-
mise.

1. What’s the usual reason for business partners’ conflict?

Sample answer:
Business partners have conflicts because they have different opinions with regards
to running their business. One would prefer to gain the loyalty and trust of the con-
sumers. Therefore, profits would be gained in the long run. The other would prefer to
increase prices to profit right away.

2. How can business partners be able to resolve their conflict?

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