embrace
OPPORTUNITYnoun | op·por·tu·ni·ty | \ˌä-pər-ˈtü-nə-tē, -ˈtyü-\
: a favorable juncture of circumstances
: a good chance for advancement or progress
gain
INSIGHT: the ability to understand people and situations in a very clear way
: an understanding of the true nature of something
noun | in·sight | \ˈin-ˌsīt\
profit from
COMPETITIONnoun | com·pe·ti·tion | \ˌkäm-pə-ˈti-shən\
: the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms
: the act or process of trying to get or win something that someone else is also trying to get or win
It’s a basic law of business that competition drives down cost and increases quality. If there are more
suppliers competing for your contracts, the price you pay
will go down. Likewise, quality of service or
products should improve.
Rod Robinson (Founder & CEO, ConnXus Inc.)
see new
PERSPECTIVEnoun | per·spec·tive | \pər-ˈspek-tiv\
: the capacity to view things in their true relations or relative importance
: a mental view or prospect to get or win
promote
GROWTHnoun | growth | \ˈgrōth\
: progressive development
: a natural process of increasing in size or developing
expand
NETWORKINGnoun | net·work·ing | \ˈnet-ˌwərk-kiŋ\
: the exchange of information or services among individuals, groups, or institutions
: the cultivation of productive relationships for employment or business
Organizations implementing supplier diversity programs are
more likely to penetrate new markets and gain new customers. As you reach out to more and more suppliers, you will become privy to each of their business networks
and certification networks.
Kerri McMurray (SciQuest)
avoid
GROUPTHINKnoun | group·think | \ˈgrüp-ˌthiŋk\
: the practice of thinking or making decisions as a group in a way that discourages creativity or individual responsibility.
: a pattern of thought characterized by self-deception, forced manufacture of consent, and conformity to group values and ethics
No matter the size or industry of your organization, there are always benefits to partnering with a diverse supplier. Head over to
our website to learn more on the topic and check out the many services that Levy Marketing + Awards can offer!
visit website
Top Related