Ethics vs Profits

In: Business and Management

Submitted By likwidoasis
Words 723
Pages 3
The predicament to this is about business ethics versus profit. The first step in the situation is learning everything about the company. Being prepared for the presentation will give a lasting first impression on the potential client. Hopefully building credibility, trust, and making it seem as if you are well prepared will put the potential client at ease when breaking the bad news to them. The next situation that needs to be addressed is when and what manner will we be able to explain to the client on the approval. It is known that we do have a high probability that our product will become approved and we need to show our facts to the client. The client chose our firm not based on the pending regulatory act but on our other strengths. We need to show the potential client our strengths and exceptional guest services to get the peopl eon outside. As stated in the question, our company has yet to receive the approval for a project we are developing, which means we are producing something that is ahead of the game. No other company is doing what we are doing. The advantage that our product will the first of its kind will benefit both the client and our own. Through analytical and factual evidence, we can explain how our major competitors fail in what we are succeeding to. Explain to the client why and how the product will benefit the companies both the negative and the positive. A marketing strategy will be conducted to give evidence of solid performance within the firm. We need to show the client the problem society is facing and how we plan on using our product to solve these problems by the aid of data and statistics from our research will be able to assist our claim. Offering solutions to the problem demonstrates the goal of our company and show s that we have an overall goal with our company.…...

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