• Home
  • Blog
    • Business Partner Magazine Archive
  • Free Contests and Giveaways
  • Resources
  • About Us
    • Cookie Policy
    • Disclosure Policy
    • Privacy Policy
    • Terms of Website Use
  • Contacts

Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

  • Business Success
  • Marketing
  • Finance
  • Employees
  • Technology
  • Start-up
  • Productivity
  • Communication

The Language of Appreciation

August 28, 2014 by BPM Team

Click here to get this post in PDF

Too long to read? Enter your email to download this post as a PDF. We will also send you our best business tips every 2 weeks in our newsletter. You can unsubscribe anytime.

Enter your NameEnter your Email Address
the language of appreciation

One of the most effective and meaningful ways to build solid business relationships is by showing appreciation. Simple expressions of gratitude and meaningful recognition may seem a tad ‘old fashioned’ in these technologically advanced times, however, ‘manners maketh the man’ (and /or woman).  Valuing the contribution of others, respecting their expertise and giving them their proper acknowledgement will help establish a mutually beneficial environment for joint ventures. It may also increase sales because people enjoy doing business with those they like, those they know and those that add value to their profit margins. Feeling appreciated is deeper than simply being told ‘thank you’ or ‘well done’ or ‘great job’. It’s more than a bouquet of flowers or an in-store gift token. More than a joint company dinner or drinks at a plush bar. Appreciation reminds all parties that what they do is unique and adds to the overall success and general welfare of the project or business deal. It reinforces the integral role that the individual or business plays in the attainment of a particular goal at any point in time. Appreciation serves as a genuine, yet practical, reminder that the other party is acknowledged, respected for their talent / leverage / contribution and necessary to the development of the task at hand.

“The 5 Languages of Appreciation in the Workplace” is a useful reference on this subject. In it, psychologist and co-author Paul White claims office encouragement can decrease tardiness, diminish absenteeism, lessen staff turnover, help workers become more engaged and increase production. I would like to add that demonstrations of appreciation send positive energies to the recipient which promotes the release of endorphins – the feel good hormone – resulting in their subconscious willingness to go that extra mile for the business and this positively affects profits.

In 2013 UK department store group, John Lewis, announced a 17% bonus for staff after reporting a rise in profits. The partnership, which includes Waitrose supermarkets, said it made pre-tax profits of £409m ($613m) in 2012 – a rise of 15.8%. John Lewis is owned by its employees meaning that some of the profits are paid as annual bonuses. The 2013 bonus was up from the 14% paid out in 2012 which effectively made it a bonus pool worth £210m shared between approximately 84,700 staff (known as partners). Staff (partners) are dedicated to the success of the business because they are clearly appreciated.

Appreciation is therefore good for business and cost effectively so. It’s also a way of instilling a high professional standard within the corporate culture. Potential business ventures and persons with whom you do business will be forced to rotate form a higher axis when dealing with your business because you place a high value on what you do. The same is true for those who work for you or work on your behalf.

Being able to understand the quality, worth or importance of someone is beneficial in business. Appreciating your customer base includes developing ways to enhance their experience with you and your product. Dealing with other businesses is made easier by building solid relationships and demonstrating that you value what they bring to the negotiating table.

About the Author

Malik Muhammad (be-motiv8d.com) focuses on providing people with the tools to feel empowered to achieve their goals in a specified time and motivates them to overcome major obstacles.

His expertise is based on applying the 8 Principles of Self Empowerment that are guaranteed to help people be successful, see returns on their investments and make measurable progress.

Malik is a motivational speaker, radio presenter and author of Empower yourself to Succeed. He was raised and educated in Jamaica, read law in London and enjoys quad biking.

www.be-motiv8d.com

You may also like: Your Next Team: 4 Things You Must Consider

Filed Under: Business Success, Management Tagged With: appreciation in the workplace, business, business relationships, Language of Appreciation, leadership, Management

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Disclosure

We earn commissions if you shop through the links on this page.

Recent Posts

  • Emergency Funds: How Quick Loans Can Save the Day in the Philippines
  • What Can You Do With An Education In Marketing
  • How Your Business Can Manage an Increase in Customer Demand
  • Used Toys & The Circular Economy – How Pre-Loved Toys Help Us Save Money & The Environment
  • Reasons to Hire a Corporate Attorney for Mergers and Acquisitions

Categories

Archives

Make Money Online – Free Course

  • Discover All The Shortcuts To Affiliate Marketing Success
  • Find Out How To Fill Your Site With New Leads And Customers
  • Discover How To Turn Your Passion Into Profits
  • Learn How To Write Copy That Gets Results Fast!
  • Discover How To Create Promote & Sell Your Own Products Online
  • Everything You Need To Know About Marketing Money Online
  • Strategies For Successful Web Entrepreneurs Inside
  • Discover How To Invest Smarter Grow Faster And Retire Rich
  • Email Marketing Strategies For Marketers And Entrepreneurs
  • Free training reveals how to build a successful six figure income online
  • Discover The Mindset Hacks You Need To Succeed
  • Free Marketing Memberships – Make Money Online

    Make money online free marketing memberships

    Tags

    Accounting apps bitcoin brand business growth business skills business success communication cryptocurrency Customer Service Data design Digital marketing ecommerce Efficiency employees Featured Article finance finances Health and Safety infographic insurance Investing investment legal legal tips Management Marketing marketing strategy Outsourcing productivity property Real estate sales security SEO Social Media software starting a business startup Technology Trading Training website workplace

    Disclosure

    We earn commissions if you shop through the links on this page.

    Digital Marketing Agency

    ReachMore Banner

    Business Partner Magazine

    Business Partner Magazine provides business tips for small business owners (SME). We are your business partner helping you on your road to business success.

    Have a look around the site to discover a wealth of business-focused content.

    Here’s to your business success!

    Copyright © 2023 - Business Partner Magazine·