The line between making a profit and being fair isn't always clear. This video explores some controversial situations and asks you to decide where to draw the line.
- Where do you draw the line … between making money for your company … and being fair to your suppliers … that deserve to earn a fair profit as well? … That's what we'll explore in this video, … by looking at several potential conflicts. … So, imagine a company that makes and sells car parts. … Now, they obviously have to buy a lot of raw materials … to make all of those parts, … and the person in charge of buying all that stuff … at the best price is a guy named Jerry. … And Jerry's very good at his job. … In fact, he's got a reputation in the industry … for being able to get better prices than anyone else. … So, at a recent industry conference … he was having lunch with some of the other purchasing people … and they asked him what his secret was. … He said he actually has four. … First, several of his suppliers … will send free samples if you ask. … But, they'll only send two or three. … After that, you have to pay for them, … and they keep a record of the addresses … that they ship to so they don't send samples …
Released
1/24/2020- Integrity versus results
- Leadership versus discipline
- Getting results versus safety
- Discipline versus fun
- Passion for winning versus cooperation
- Transparency versus getting results
- Company interests versus employee interests
- Fairness versus integrity
- Supplier interests versus company interests
- Trust versus fairness
- Innovation versus quality
- Safety versus respecting individuals
- Customer focus versus shareholder focus
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Video: Supplier interests vs. company interests