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.
The cultural background of the parties may be completely different but you can always serve as the catalyst in the equation. Remind everyone that this is a joint venture project funding. So, they have no choice but to find a way to make things work out. Let them concentrate on their personal matrix and even attend minor anger management classes.
Be familiar with the core values of the other company. Some people can put the highest regard on respect. So, simply learn something from that. The road ahead may not be easy but when you set aside the difference of one another, there can be progress and the project would soon reach its end.
Have a master list of what each department has to accomplish at the end of the week. When you become more organized, you are showing to your partners that you mean business and they should be able to keep up with what. Delays are unacceptable especially when you have already given a specific release date.
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.
Learn to deal with the other executives as well. Embrace their flaws and weaknesses because that is what you are there for. Exude patience when you are involved in an argument and let your practical sense shine all the way through. Act maturely because giving in to your emotions would only let the company look bad among the investors.
The monthly meetings are events which you have to prepare for. In that scenario, the board of directors can let you be. With the high figures which one has presented these people can be assured that their money is in good hands.
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.
Just do not give up on the first rush of adversities since there would be more of that along the way. What is important is that you have your eyes on the goal and you are willing to serve as a mediator at most times. Be the voice of reason when cultures cannot help but collide.
The cultural background of the parties may be completely different but you can always serve as the catalyst in the equation. Remind everyone that this is a joint venture project funding. So, they have no choice but to find a way to make things work out. Let them concentrate on their personal matrix and even attend minor anger management classes.
Be familiar with the core values of the other company. Some people can put the highest regard on respect. So, simply learn something from that. The road ahead may not be easy but when you set aside the difference of one another, there can be progress and the project would soon reach its end.
Have a master list of what each department has to accomplish at the end of the week. When you become more organized, you are showing to your partners that you mean business and they should be able to keep up with what. Delays are unacceptable especially when you have already given a specific release date.
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.
Learn to deal with the other executives as well. Embrace their flaws and weaknesses because that is what you are there for. Exude patience when you are involved in an argument and let your practical sense shine all the way through. Act maturely because giving in to your emotions would only let the company look bad among the investors.
The monthly meetings are events which you have to prepare for. In that scenario, the board of directors can let you be. With the high figures which one has presented these people can be assured that their money is in good hands.
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.
Just do not give up on the first rush of adversities since there would be more of that along the way. What is important is that you have your eyes on the goal and you are willing to serve as a mediator at most times. Be the voice of reason when cultures cannot help but collide.
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