Almost half of all business people believe emotions play a major role in purchasing decisions. A survey by purchasing card specialist Cendant Business Partners in conjunction with the Institute of Directors found that,out of a total of 360 decision-makers in a variety of business sectors, 45 per cent said that both emotion and logic influenced their choices.
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Almost half of all business people believe emotions play a major role in purchasing decisions. A survey by purchasing card specialist Cendant Business Partners in conjunction with the Institute of Directors found that,out of a total of 360 decision-makers in a variety of business sectors, 45 per cent said that both emotion and logic influenced their choices.
Top contractors are still accepting the cheapest tenders and neglecting partnering and long-term relationships, according to recent research.
Marks & Spencer has ended a 30-year supplier relationship with Scottish textile maker Baird in its move to source more clothing overseas. William Baird supplies M&S with 7 per cent of its clothing, making it the retailer’s fourth largest supplier. M&S accounted for 40 per cent of Baird’s turnover in 1998. The loss of the retailer’s contract has jeopardised 19 Baird factories.
A new online debt-chasing service targeting the construction industry is to be launched this month. The Solutionist Organisation will chase debts for customers and name and shame those that fail to pay up on their website (www.solpr.com).
Airline passengers will be able to access the Internet, send e-mail and use pagers from early next year following successful tests by satellite communication companies Globalstar and Inmarsat. Using connections installed in the backs of seats and existing communication frequencies, data can be transferred without effecting aircraft navigation systems.
Up to 100,000 jobs in 1,000 small businesses are at risk from globalisation and defence cuts, according to a survey by the Society of British Aerospace Companies and management consultants AT Kearney.
The US has passed a bill to make electronic signatures as valid as their pen and paper counterparts, in a bid to encourage a greater use of e-commerce. The E-sign Bill should make it easier for customers to buy services, particularly financial ones, via the Internet.