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Four Conditions Of Exchange |
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| Free Business Analysis | Administration Training | Org Board Lecture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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1 Criminal Exchange 2 Partial Exchange 3 Fair Exchange 4 Exchange In Abundance |
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Criminal Exchange is taking something for nothing. There is no real exchange involved. An employee that does not carry out his duties but collects a paycheck is an example of criminal exchange. An organization that collects fees for a service or product and never delivers is also criminal exchange. Examples |
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| While Partial Exchange is above criminal exchange, it is not at all acceptable in business or in everyday life Partial exchange is the act of delivering less than what was agreed upon or expected. This can involve the delivery of only part of the product, a flawed product, or a product which is not completely functional Examples |
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| Fair Exchange involves selling and collecting money for a specific product or service and delivering exactly what has been sold. Most successful businesses and activities operate on the basis of fair exchange Examples |
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| Exchange in Abundance is the highest condition of exchange. This does not mean one undercharges or gives products or services away. It does mean that one (in some way) delivers something more valuable than the buyer paid for or expected. Unfortunately this condition of exchange is not common Exchange involves valuables for valubles. In life, exchange occurs in many ways. A business generally receives money in exchange for a Valuble Final Product; however, the principles of exchange apply to friendship, sports, goodwill or church activities as well as business transactions. People exchange with their family, friends and country as well as their business. |
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| You can exchange in abundance with your husband, wife, children, parents and employees, or perhaps you could provide a worthwhile exchange to mankind in general. Truthfully, there is no real limit to the valuble things you can provide. Examples |
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In summary, regarding the level or conditions of exchange: |
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Speaking From Experience will dramatically increase anyone's basic understanding of groups and how they work. While this is primarily a book on management, it will broaden one's perspective in numerous ways. The principles contained in this book are based on extensive research into the subjects of management, organizations, people and their work. It outlines certain laws of management which are uniform and unchanging in any group endeavor. |
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