Each organization has to tie up with many external entities for business. Particularly in the area of purchase and sales, there is a continuous need to align with organizations which are financial and ethically sound. There need to be enough due diligence done before taking any organization as partner and looking at the various aspects which would include the following:
- The financial strengths or organization and people
- The background verification of the compliances of the organizations and conduct of key people
- Business ethics and process orientation of the organization & it’s personnel
- Any potential threat due to conflicting interests in business
Brands and Fakes through its professional network helps organizations to manage the risk associated with the entities taken up for alliances & partnerships.