Tuesday, July 21, 2015

The Business Of Business In Not Just Business


It's day three of my internship at Cannings Purple and my first 'field trip'. By 'field trip' I mean it's my first time going out to a client meeting. My expectations are that of a typical movie scene with a large boardroom filled with twenty odd businessmen, all in suits, critically debating issues with a stern and straight to the point tone. 

What I find however is rather different. Yes, there is a giant boardroom, and yes it's on the 38th floor overlooking the Swan River, but there are only my two supervisors, two people representing the client, and myself present.  The atmosphere is relaxed and the first twenty minutes is spent making small talk. It's only after this that conversation concerning the actual job at hand is spoken about. 

Finding this rather different I commented to my supervisor that I expected it to have a ‘strictly business’ vibe. She explained to me how just like in a retail setting, it's important to establish a relationship with the client that's more then 'just' business, in order to create strong rapport and long-term positive bonds. She went on to say that the clients you share a more personal bond with are the ones who go the extra mile for you when it’s needed.

This got me thinking. It's such a simple and straightforward concept, why hadn't this occurred to me before? Why did I have such a stern view of a business meeting? Was my view old-fashioned and outdated?

After pondering on this for a while I decided that business is in fact becoming more relaxed and personalised due to stakeholder theory. Note I don't mean that the professionalism is taken out, just the way in which the business is conducted.  Focus is now on building personal bonds as well as business bonds to enhance value for the client on personal and business platforms. At the end of the day the more value you give your stakeholders the more they'll return to you. 

I started to then explore this idea on other big companies like Virgin and Apple, both, which have these relaxed corporate cultures, that emphasis personal expression. Apple goes as far as having their corporate teams wear casual clothing to work, to maintain individuality and creativity amoung their workers. Imagine a business meeting were the managers are wearing t-shirts.
The way of business is changing, adapting to a more individualistic and casual approach. It’s no longer ‘just’ business. To prove Milton Friedman wrong business is no longer just the business of business.  





1 comment:

Unknown said...

I've found this with my internship too- as a lot of communicating is done through email, it's great to see positive relationships built in person. I really enjoy meeting new clients through my internship, as they all value my colleagues and their PR skills. After meeting a journalist I also realised that general conversation in the first ten minutes made the job run smoothly and easily. I'm really enjoying working in an environment where it's so easy to communicate!