Business Entertainment

we can not deny that entertainment business benefit rather than harm. The corporate hospitality is sometime more important than the quality of the goods. Companies force their people to sale as more products as possible, and even the employees’ payments are dependent on how many products they sold. Therefore, in order to get more clients, employees try their best to entertain their clients or prospects. The company that has a better strategic business entertaining always retain more customers. The benefits that it brings is impossible to mention them all. Of course, everything has two its faces, its hard to balance between business and entertainment without confusing them together. In conclusion, the key to use the way of mixing business with pleasure is definite the objective and control the time to swap the role.

Independence - Freedom – Happiness Group Meeting Classes section: Subjects: Group: I.Date, location Date: Location: II Meeting content 1.Members:Number of participants: Discussions: -The team members meet and exchange personal information contacts -Group members in the same subject analysis, suggested building a unified proposal -Based on the protocol -leader assignments for each member 3.The end of the meeting Evaluation meetings: meetings pretty good, everybody actively participate, lively Hanoi, April 20, 2016 Secretary Leader I INTRODUCTION: Business-entertaining is an important measure in front of business activities, in order to build relationships with business partners of ours There are many forms of entertainment but more popular gifts, entertainment, travel and feast When companies have methods consistent customer reception will be good conditions for the development of relations between the two sides It is also an opportunity for the parties to be able to contact, direct dialogue, creating comfortable spaces, make your work more effective while working at the negotiating table However, the businessentertaining also encountered some difficulties Now, as we learn about the topic: "Advantages and Disadvantages of business-entertaining" to better understand this problem II BODY Advantages: a The trust and the long relationship with partners Every one knows in business, customer relationship is a very important factor, which is greatly affects the success or failure of a business However , there are very few companies that know how to maintain good customer relationship But no worry, if you want to have the lasting relationships, i'm sure that entertainment will be one of the best and most effective ways for your company Entertainment is defined as hospitality of any kind The following are examples: - Provision of food and drink - Provision of theatre and concert tickets - Entry to clubs and night clubs - Entry to sporting events and facilities - Payments made to third party business - Business gift So, why entertainment helps to create the lasting relationship? First of all, your partner can see you are very generous, friendly, hospitable, and willing to spend a large sums to invite them to a luxurious meal or valuable concert tickets and business gifts Therefore, this action will create the confidence for your customer This will show your company is not only reputable, charismatic but also professional -which not every company have And of course , it will make a good impression on their minds Your entertainment will show the business is always interested in benefits of customers Because your business is always interested in benefit of customer.Because your business always knows what the customer likes and needs as well as has a good after-sales service after using their product I'm sure when a business has appropriate entertainments, enterprises can not only maintain good relationship but also cooperate with new better ones b Close to clients, understand your personality As we know to build good relationships with clients is very important strategies for your company To get this goal, companies always look up for new ideas, new services in order to attract the clients And entertaining is known as good service that brings about many advantages One of the advantages is closer to clients and understands their personality Firstly when you get in touch with your clients , you can collect many useful information such as: hobbies, habit, personality, demands Therefore we use to create client's profile , choose potential clients for company and have products that suit all tastes clients The financial results significant rise in profits Secondly Communicating not only bring about information but also make a new relationship that that is the best and fastest In a close relationship, you and your clients have a strong emotional bond, know a lot about each other, and feel connected You communicate and build up trust and improve clients satisfaction In addition, you have clients loyalty that is the main key of a succeeding company Finally , To keep a close relationship close takes some efforts You need many qualities such as : professionalism , knowledge ,sincerity , friendliness ,opendness and so on.a long lasting relationship is built up Thereby , you have new friends, valuable experiences, skill communication and your company have loyal clients c Increasing the number of product yield Business- entertaining is essential for any company or business The reception could have several ways, such as eating lead partner, there are special offers for customers, These things help a lot for business Special it make the work place more favorable, increasing the number of product yield If we Receptions their customers by giving away food, cafe is where private space to share, we will have the opportunity to learn more about partner more, know their interests, wants, needs their needs so that appropriate strategies to implement business policies, higher profitability, in addition, we also learned a partner character to behave properly with the customer satisfaction goods Besides, the partners will be receptions more sympathetic, they will feel respected and I also have the feeling to be respected again The relationship will be based on cooperation and mutual respect Each comfortable things no gap Such relations Furthermore, the receptions will make customers more confident partner, raising the prestige and quality of customer service I will have a good business partner for investment Thus, not only increases the number of sales, increase revenue, but also increase the amount invested in the company Partners might introduce another partner or invest in other products To sum up , business- entertaining contributed in no small part to the success in business it make the work is more convidient , increasing the number of product yield therefore , companies should find some ways to recept partner Disadvantage: a Time wasting Business entertaining can be a serious drain on company productivity When staff has to spend time in this, then that's action that is not being taken to meet company goals and objectives And the more staff involved in entertaining, the more this lack of productivity can affect the company's output on any given day For this reason, many companies try to limit the amount of time that employees spend in entertaining, unless such gatherings are meant to generate new revenue for the company think sales prospecting entertaining or client interactions b Finance and healthy of employee Everything has its sides I think the negative side of invitation in business is finance.We have to spend a large amount of fee for this Sometimes the realistic cost may be higher than the estimated one Beside, there are some bad effects on the company employee, the one that represents the company to join the invitation activities The quality of an enterprise is sometimes rated by the enthusiasm in parties Every overtime party badly affects to businessman's company Otherwise, they will miss the contracts, lose benefits or even lose their job c Forget main target If you don't have a proper plan, the entertainment will not only waste time or your budget Seriously, it can drive you far from your initial objective Usually it is very difficult to swap roles between business and entertainment and sometimes the objective will be forgotten Such as the overemphasis on entertainment purposes makes both you and your customers forget the original purpose The groom on the luxury parties, the best horse in the race but the projects which are the target towards first is lack of thorough investment You take your customer go to a trip, a stylish restaurant, drinking wine but forget to introduce the quality of the goods, the items of the contract or the project ideas Not to mention the subjectivity of customers, some customers have excessive demands on entertainment, if you not satisfy their needs, they will discourage you According to their thinking, the entertainment is the prerequisite of cooperation Moreover, if you can’t decide exactly when you get down to business in a recreational occasion, the entertainment will even be counterproductive the contrary effect that entertainment bring to business sometime not only the failure to cooperate but also the loss of credibility with customers What things are too much and also not too good, you should always determine what you need and what to III CONCLUSION: To sum up, we can not deny that entertainment business benefit rather than harm The corporate hospitality is sometime more important than the quality of the goods Companies force their people to sale as more products as possible, and even the employees’ payments are dependent on how many products they sold Therefore, in order to get more clients, employees try their best to entertain their clients or prospects The company that has a better strategic business entertaining always retain more customers The benefits that it brings is impossible to mention them all Of course, everything has two it's faces, it's hard to balance between business and entertainment without confusing them together In conclusion, the key to use the way of mixing business with pleasure is definite the objective and control the time to swap the role Advantages and Disadvantage of Business-Entertaining Contents Introduction Body Advantages a Close to clients, understand your personality b Increasing the number of product yield c The trust and the long relationship with partners Disadvantages a Time wasting b Finance and healthy of employee c Forget main target Conclusion