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Stock impact report

Five Attributes Of Cultural Fit For Buyer-Supplier Relationships [Forbes]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: Forbes
Getty Royalty Free Most organizations hire suppliers based on their capabilities and cost, but integrating five attributes of cultural fit to the mix can lead to healthier and more sustainable supplier relationships. In their book, Business Chemistry: Practical Magic for Crafting Powerful Work Relationships , Deloitte’s Kim Christfort and Suzanne Vickberg sparked social media debate by suggesting organizations should not necessarily hire based on “fit.” While their book focuses on hiring of individuals, is that argument valid when hiring a supplier? Professors Karl Manrodt and Jerry Ledlow have an interesting perspective when it comes to buyer-supplier relationships – especially strategic outsourcing deals where the supplier is more or less an extension of the buying organization. Their logic is that if you are going to work with a strategic supplier to fill gaps in capabilities, skills are essential. However, if you pick a supplier solely based on s Show less Read more
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