Developing business relationships
by Jesús Enrique Salazar Castelo
Relationship Based
Buyer
Seller
-Is based on an long
term relation
-Mutual win focus
-High interest in
other -High trust
-High commitment
-Multiple
transaction over
time
There is
other
relationship
spectrum
-Short term, Sale and price
focus, Low interest in other,
Low trust, Low
commitment, Single
transaction
Transaction based
RELATIONSHIP
BUILDING
Awareness
Buyers and sellers identify and
qualify potential providers and
prospects for relationship
Exploration
Buyers and
sellers explore
the costs and
benefits of
partnering with
each other and
the fit between
their needs and
capabilities
Expansion
The relationships
between buyers
and sellers
becomes deeper.
Exchanges
between the
parties become
more frequent
Commitment
Buyer and seller
establis a
relatioship sharing
information, goals
and interests. They
are commited to
achieve mutaully
beneficial gains
Disolution
This step may or may
not happen. It occurs
when the relationship
is terminated because
of performance
problems, changes in
needs and
circunstances, or other
reasons