Intervention: Definition, Example and Related Terms
What is an Intervention ?
Intervention, in a business context, refers to the act of stepping in or interfering in any process or situation to cause a change or prevent certain outcomes. This is usually done to improve the situation or to prevent potential problems.
It's like when you see a machine going off track, and you step in to correct its course. An intervention can be planned or spontaneous, based on the needs of the situation.
While interventions can happen in various fields, for a commercial contract manager, an intervention would usually mean stepping in to resolve a conflict, ensure proper execution of a contract, or avoid potential legal issues. This could involve actions like mediation between parties, revising contract terms, or introducing new clauses to protect the interests of the parties involved.
Example(s)
Scenario Description A company named Techtronics has a contract with another company named Innovators Inc. for a joint technology development project. However, halfway through, Innovators Inc. is failing to deliver on their agreed upon milestones. In this scenario, an intervention could be the Contract Manager from Techtronics stepping in to address this issue. The intervention could involve actions like renegotiating the terms of the contract, setting up more regular progress checks, or potentially seeking legal action if Innovators Inc. continues to fail their obligations. A business, Foodie Delights, has a contract with a supplier, Fresh Produce Ltd, for regular deliveries of fresh fruits and vegetables. However, the supplier's recent deliveries have had quality issues, affecting Foodie Delights' products. In this case, an intervention could involve the Contract Manager from Foodie Delights stepping in to address these issues with Fresh Produce Ltd. This could involve renegotiating the quality standards, setting up inspections, or potentially seeking a new supplier if the quality issues persist.