What does a successful business look like to you?
Being passionate about your trade isnt going to cut it.
Most businesses have a number of employees that keep everything up and running smoothly.
With that said, its evident that nurturing interpersonal relations is the key to growing your business.
Lets jump in to see how you’ve got the option to use this to your advantage.
In this article
What is corporate gifting?
Corporate gifting is the act of sending or receiving a gift from a company or organization.
Some popular choices include gift baskets, food and drink, flowers, and gift cards.
Why Is Corporate Gifting Important?
Sending corporate gifts is the ultimate way of expressing your gratitude and appreciation.
There are two main ways your business may benefit from this gesture.
Maybe theyre just having a bad day.
So how about you swoop in and cheer them up?
And what better way to lift their spirits than by giving them a present?
Theres hardly anyone on the planet who wouldnt feel ecstatic at such a sight.
Its no secret that employees want to feel valued and respected in the workplace.
Establishes Loyalty with Customers
This is the real kicker.
In a highly competitive business setting, its a bit challenging to retain your clients and nurture long-lasting partnerships.
Which Corporate Gifts Should You Get?
Now its time to go into the details.
Fortunately, there are a few notable contenders that will surely put a smile on their faces.
Youll be pleased to hear that theres no shortage of options either.
Classics like vanilla, Nutella or Belgian chocolate are some of the most popular choices among sweets enthusiasts.
This will definitely help you leave a lasting impression, especially on your female co-workers or clients.
Each piece of chocolate is meticulously bundled up in decorative wrappers, designed to resemble real-life flower petals.
Sounds like the perfect combination, wouldnt you agree?
Fruit Box
Do we all have that one colleague thats absolutely obsessed with healthy living?
Obviously, liquor or sweets wont really be a good match so you have to turn your attention elsewhere.
Where might that be?
Well, your best bet would be to assemble a refreshing fruit box to support their healthy lifestyle.
Bribing the people that you work with into agreeing or siding with you wont get you that far.
In fact, it might even put them off from working with you in the future.
To get the timing right, focus on important dates such as birthdays, anniversaries or big milestones.
Even the most expensive or extravagant gifts arent all that exciting if theyre not aesthetically pleasing.
What is gift giving in business ethics?
This can be done with clients, suppliers, or even competitors.
There are a few things to keep in mind when thinking about gift giving in business ethics.
First, it is important to consider the intent behind the gift.
If the intent is to bribe someone or gain an unfair advantage, then it is probably not ethical.
Second, it is also important to consider the value of the gift.
If the gift is excessive in value, it may be seen as an attempt to buy favor.
Finally, it is important to check that that the gift is not illegal.
There are a few reasons why gift giving can be seen as unethical in business.
First, it can create a conflict of interest.
Second, gift giving can create an appearance of impropriety.
Even if there is no actual wrongdoing taking place, the perception of corruption can be just as damaging.
Finally, gift giving can lead to favoritism and nepotism.
If gifts are given in exchange for preferential treatment, it can create an unfair playing field.
Overall, gift giving in business ethics is a complex issue.
There is no easy answer as to whether or not it is ethical.
How do you pitch a corporate gift?
However, there are some key things to keep in mind when pitching a corporate gift.
First, be sure to know your audience.
Tailor your pitch to fit the companys culture and the individual recipients interests.
Second, check that your product or service is top-quality.
The last thing you want is for your clients to be disappointed with their gifts.
Finally, be prepared to negotiate.
By following these tips, youll be well on your way to successfully pitching a corporate gift.
Should managers give gifts?
Managers must often weigh the pros and cons of gift-giving.
Can managers accept gifts?
The answer to this question is a little complicated.
There are a few things that managers need to consider before accepting a gift from someone.
This is because it could be seen as the subordinate trying to buy favor from the manager.
Another thing that managers need to consider is the value of the gift.
If the gift is something expensive, then it might be seen as a bribe.
For these reasons, it is usually best for managers to avoid accepting gifts from anyone.
However, there are some cases where it is appropriate for a manager to accept a gift.
