Negotiation and Conflict Resolution and Financial Structure of Startup Firms

When it comes to trading with a business environment, it is significant that the organization must hold the appropriate strategy and plan to execute an idea. When an office has constant fight and conflict, there is a chance that there may not be enough focus on the work. In order to get the work done, people may not have enough focus on the work. To get over this issue and make things right, you may need to understand and get hold of the concept Negotiation and Conflict Management. Venture Bean is here to help their clients and companies get through conflict with the right strategies. 

Conflict resolution is known as the process by which two or more parties who are engaged in a dispute, disagreement, or debate reach an agreement resolving it. To resolve conflicts in the workplace effectively, A number of skills are needed and at the same time, you should also take a good look at the Financial Structure of Startup Firms.

Most companies that you see have our disagreements, and differences of opinions. When these are not managed, it can escalate into interpersonal conflict. That is why, for a company to survive, the manager or personnel must you intervene immediately and not take it as an option not to get involved with the hope that your employees can easily sort it out themselves. If you have the desire to imbibe positive culture as you value your company, in that case, you must take steps to help resolve the situation as soon as you can.

Whenever there is a situation where there is a conflict between two employees, this will not only affect them but it will affect everyone around them and when this happens, this can change the atmosphere for everyone involved. While Other employees can be under the influence that they are walking on eggshells in the presence of both parties.

To make a situation better, there are certain things that one can focus on. If you are wondering what it is, here we can find out.

It would be better if you could just avoid hoping for the best and expect the issue to resolve itself. Even if it feels like the conflict is getting rested, there is a chance that it has not been dealt with correctly. Emotions and opinions may be found bubbling up under the surface so the right thing you can do is take action quickly and communicate at the right time.

Understanding Work Teams and Product Strategy Development

Business and its dynamics have taken a new turn today and these days, you can see that Product strategy development has become really popular. This includes several strategies that would help the firm would provide better visibility to the products. 

The main idea behind Product strategy is to imagine the future of your product. This may include strategizing the kind finding out ways that would help in creating value. It is considered as a high-level plan that aids a firm or a professional to realize the vision or overarching goal. Specifically, if you would see then you would understand that the role of product strategy is to describe who the product is for and what is the reason of product that it would become and who will it benefit. There can be other things that get into this such as how will the product create value. At the time of strategizing, one must understand that product strategy is a high-level plan that helps you realize your vision or overarching goal. To go deep into it, you should know that product strategy takes into its wing to describe who the product is for and why people would want to buy and to use it. Along with that, there is the part where one must wonder what the product is and why it stands out; and what the business goals are and investors must know why it is worthwhile for them to invest in it. 

When you are in a market, you would find that it describes the target customers and users of your product. There exist certain people who have a high chance of purchasing and to use it. The needs would embrace the main problem your product solves or the primary benefit it provides. You can take an example of certain search engines that solves the problem of finding information on the Internet. The right idea would be to associate it to a product that permits you to stay in touch with family and friends. Few of the crucial features and the differentiators you should know when Understanding Work Teams as those aspects of your product are mostly the ones that tend to address the main problem or create the primary benefit. This strategy would make people choose it over competing for offers. It would be recommended to not create a mini backlog or a wish list. It would be a good idea to focus on the three to five key aspects. 

Foundations of Group Behavior and Business Process Reengineering

A collection of two or more than two individuals, who are interdependent and working for a common goal is generally known as a workgroup, who interact to achieve a common objective. The Foundations of Group Behavior are generally the different types of groups which the people form based on common interest as well as on the basis of demography. Basically, there are 2 types of group, ie, Formal and Informal group. The informal group mainly promotes friendships and cooperation, whereas, the formal group is mainly defined by an organization’s structure with proper assignment of work. 

When a core business process is recreated with an aim of improving product output, to reduce the costs or improve the quality, we call it Business Process Reengineering and it involves a radical design of the process of the core business in order to achieve improvements in quality and productivity. Generally, companies use the re-engineering process to improve quality and reduce cost and cycle times. The re-engineering process eliminates unproductive activities and the errors. It further improves the quality by reducing the fragmentation of work as the workers involved gains responsibility for their work based on feedback. 

Groups are basically a subset of a larger organization whose potential level of performance is dependent largely on the resources that the member of that group brings. It includes skills, abilities and their knowledge which in the beginning set the parameters for their performance. The personality characteristics of an individual in a group also have its effect on the group behavior. Groups can further be sub-categorized into command, task, interest or friendship groups. The command group reports directly to the manager, whereas Task groups are the individual who is working together to complete a given work. We can call all the command groups as task groups but not the task groups as command groups. In an Interest group or Friendship group, the individual share a common interest and characteristics based on their age and geographical location. 

The stages of group development are based on 2 models, ie, The Five-stage model and the Punctuated-Equilibrium Model. The five-stage model consists of, as the name suggests, 5 stages which are Forming, Storming, Norming, Performing and Adjourning. Further, the consistency of the groups can be encouraged by making the group smaller, increasing the time that the members spend together, and stimulate competition with other groups. The decision making the process of a group generates more complete information & knowledge, offers an increased diversity of views and opens up the opportunity for approaches.

Understanding Work Teams and Equity Fundraising Process in India

Most of the organizations, nowadays, have teams that they work in accordance with their profiles. Work teams are essential to the productivity of the work. A work team comprises of people who work together to create a piece of work, a product, a campaign, etc. Each and every member of the work team has a different role to play in the team. Work teams give passage to planning, decision making as well as problem-solving. These 3 steps can only be done when there are a group of people and not an individual.  Understanding work teams are important for the smooth functioning of the work process. There are 2 types of work teams: Functional work teams and cross-functional work teams. 

They contribute their part through their skills so that the work can move forward. Usually, work teams work in a way that one member completes their part and gives the brief to the next person who does their part and this goes on until it is completed. Working in teams is very important as a lot of times, the work is done might require changes and it is communicated to one person who coordinates with the other to get the changes done; work teams become important in such cases where a lot of information goes back and forth in order to reach the goal. Understanding work teams are necessary for each and every member so that they know their role and place. Stress reduction is one of the biggest benefits of working in teams. 

Equity Fundraising Process

Equity funds are also referred to as stock funds and equity securities. A company or business has shares and stocks. Now, to raise the equity funds, the business sells their shares to people willing to invest in them and then they become the shareholders or stockholders of the company, making them the partners. The equity fundraising process is carried out by the business by opening their shares to sell in the market. It basically sells a part of the business owners to people who will invest into the equity funds in order to get ownership or increase their capital. Shares are sold in order to raise the funds. The sale increases the capital of the business as money flows in from the investors who buy the shares and stocks of the company. This process of equity fundraising has been increasing the capital of businesses efficiently in good market scenarios. 

Startup Funding Options in India and Negotiation and Conflict Resolution

In India, over 90% of start-ups fail before they complete their first year of operation. No or less funding comes out to be the primary reason for this failure. Finance is the heart and soul of any new business and if that business fails to gain that capital while starting their operations then it occurs a huge problem.

Are you planning to start your own business and looking for start-up funding options in India? Though there are several factors to get funding for your start-up in India, the primary factor remains the level of innovation in any business. And most importantly, you must realize that startup funding depends on the nature and type of your start-up. When you recognize that there’s a requirement of fundraising, then you must start looking at options for the same.

Below is a detailed list of start-up funding options in India that will help you raise investment for your start-up:

1.    Self-funding your business 
Self-funding is the best option to raise capital for your new business. If you have someone within your organization to invest, then it can’t be a better option.

2.    Crowdfunding as a funding option
Crowdfunding is one of the newer methods to raise capital for your start-up. There are platforms where you can post that this much funding is required and you can pre-order the product/service in advance and you get funds from more than a person.

There is a huge scope of Negotiation and conflict resolution in this funding option since there is no guarantee that the start-up’s product/service would be as great a mentioned in their “About Us” section or not. A new business always negotiates on their product/service quality and later they compromise through the reduction in prices.

3.    Get Angel Investment in your start-up
Angel investors are people/organizations with a huge amount of funds and are interested in innovative start-ups. They just not only provide the capital, but they can also offer guiding or suggestions alongside providing funds. There’s a great scope of Negotiation and conflict resolution in this funding option as well since many investors ask for high returns and share from their money invested. Start-ups have to negotiate a lot to get a good angel investor on an initial stage since earning gains in the initial stage is a tough thing for them. But still, this a great start-up funding option in India since you get a huge amount which you can allocate in different operations.

Management Consulting Firm in Bangalore in India

Management consulting is the praxis of assisting companies to upgrade their performance, primarily through analysing existing company problems and developing future plans for overall enhancement. Companies take the services of these consulting firms for gaining external advice and accessing the management consultants' expertise in a particular domain.

There are many management consulting firms in Bangalore which helps businesses in improving their performance and help them grow by identifying and solving problems and finding new ways and better ways of solving and handling problems. Not only private sector companies take the services from these consulting firms, but there are also government organizations taking management consultancy services in order to reduce cost and save time.

VentureBean is one such management consulting firm in Bangalore founded on the principle that the client should not just get reports but the results as well from the consultants. They help organizations by developing customized strategies which help them grow and aims for their clients’ customer’s satisfaction.

With the constant relationships with a large number of organizations, VentureBean is aware of industry’s best practices and they have that wide exposure which lets them consult any organization. This management consulting firm in Bangalore works alongside clients so that they can take the right decisions at the right time.

What makes VentureBean different from other Management consulting firms in Bangalore is their constant interaction with the clients, assisting them with various strategies and improve their performance. VentureBean is committed in delivering value to our clients and treating their business as one of ours by ensuring results and a long-term success. If you want us to improve your business performance, innovate and grow, reduce costs, leverage talent and transform your organization, then contact VentureBean consultants.

 The other management consulting firms in Bangalore are:

 1. Vertebrand : As one of the preferred management consulting firm in Bangalore, they provide services to almost every type of company. The skilled consultants are competent, knowledgeable and qualified to provide important services to the clients in business planning, brand capital valuation, the sales and marketing arsenal and people equity solutions. 

 2.  Kanvic: This is a revolutionary management consulting firm, teaming up with creative leaders to get a huge business impact. Kanvic gives expert advice to C-level administrative - at business leaders and rising contenders - on approach, marketing, revolution and digital. Their consultants deal with their toughest tactical issues, no matter it is hastening growth, launching a new product, improving productivity, or dealing with digital interruption.

3. ABC Consultants: This management consulting firm in Bangalore measures their own success in compliance with the financial result of their clients. ABC Consultants have their offices in all the big cities of India and serving in executive search, senior & middle-level hiring, recruitment process outsourcing, global sourcing, market intelligence and interim management etc.   

4. Dawn Consulting: This firm is also a management consulting firm in Bangalore with personalized solutions and approach. They are the top advisor for planning and executing business policies.

Business Process Reengineering: Venturebean

BPR (Business Process Reengineering) is the fundamental rethinking and radical redesign of business procedures to get remarkable improvements in decisive existing measures of performance, such as expenditure, quality, service, and pace. Rather than starting with an activity flowchart, companies are recommended to start with a clean schedule. Companies are then told to examine why they execute the tasks the way they perform. A method Engineer will observe the activities to be executed and how they can be tricked to put in the least resources and get best returns.

To exemplify the Business Process Reengineering, let us take the example of Apple iPod. Apple reconsiders the approach for music should be made available to the people. The modification it brought was:

• Radical: Even as all other companies were selling song through brick and mortar stores, This Company formed its own iTunes software to put music on the market digitally. 
• Fundamental: This Company sold single tracks at the time when complete music albums being sold at the shops.

At this point, Apple just considers the end need of the buyer and reviewed whether conventions were required.

Why Re-Engineering the Corporation?

Generally, Business process re-engineering is required in two cases:

1. The company has revealed some advance tactic which will transform its progressions to give it more output and effectiveness and so the entire method needs to be alterations.
2. The company has failed to keep advanced with the shifting technologies. As it did not constantly innovate, it is now faced with a “do or die” situation and business process re-engineering which assists add most up-to-date best practices into the procedures are the only way to save the company.

How to Re-Engineer the Business?

Information Availability: To primarily redesign a method, one has to know the aspects involved. Points from inner and outer sources must be captured and presented to the related people in that time period. This assists them to spot the blockages and work around superior ways of reaching the preferred end.

Information Sharing: A Business Process Reengineering project is generally assisted by a cross-functional team. Information needs to be effectively shared in the middle of various people to make sure the reengineering goes as designed and without delays.

Technology as the Solution: The latest practices that are formed as a result of BPR programs arrange the most up-to-date technology to get the preferred end effects. Generally, it is e-Commerce, automation or a different technology-driven solution that is executed.