George Akerlof and the Lemon Problem

George Akerlof put math behind the concept of the  “lemon problem” in his classic 1970 article, “The Market for Lemons,” which used the example of a used car market to depict asymmetry of… Click To Tweet Akerlof (with Michael Spence and Joseph Stiglitz) received the 2001 Nobel Prize for their analyses of markets with asymmetric information. This YouTube video explains the lemon […]

A New Day, A New Way for Island Health and Hospitalists

Our latest case study relates the extraordinary and inspiring journey of the Victoria Island Health Authority and their Hospitalists as they used the Vested model to transform their troubled labor relationship into a highly collaborative one. Most on the team have called the shift to transformational. Some go so far to say it was more like […]

Forbes — 24 January 2019 — Employees, Suppliers

Don’t Treat Your Employees Like Suppliers Forbes Blog article by Kate Vitasek published 24 January 2019 The war for talent is 20 years strong and has changed the way companies recruit and retain talented employees. While great strides have been made in how companies treat employees, many are still in the dark ages when it […]

Forbes — 21 January 2019 — Brexit, Trade and Logistics

Get Set For A Bumpy Trade And Logistics Ride In 2019 Forbes post by Kate Vitasek on 21 January 2019 A significant reshuffling of the top logistics countries is likely this year, largely because of Brexit and the potential for a trade war between the U.S. and China… Here’s the link: https://www.forbes.com/sites/katevitasek/2019/01/21/get-set-for-a-bumpy-trade-and-logistics-ride-in-2019/#2400b94bb2c7

SupplyChainBrain — November 2018

Tariffs Present an Opportunity for Supply Chain Collaboration Supply Chain Brain Think Tank article by Kate Vitasek published on 28 November 2018 Here’s one way to think about trade fights between governments: Tariffs are really tit-for-tat exercises in non-collaboration that make world trade more complicated and expensive — especially for the consumer caught in the middle… […]

Public Spend Forum — 16 January 2019

Unlearning to Learn: A Vested Approach to Services Acquisition Episode 13 of the Public Procurement Leaders Podcast with Kate Vitasek on 16 January 2019. Here’s the link: https://www.publicspendforum.net/podcasts/vested-services-acquisition-kate-vitasek/

Inside Supply Management Weekly — 14 January 2019

Focusing on Shared Vision and Statement of Intent The first of a series of articles on the Vested Five Rules and the 10 Elements by Kate Vitasek published 14 January in Inside Supply Management Weekly. Here is the link: http://ismmagazine.org/focusing-on-shared-vision-and-statement-of-intent/

All I Want for Christmas and the New Year…

As I ponder the holiday season and the start of a New Year, I wonder – from a Vested perspective of course – what would happen if Christmas stockings and New Year resolutions contained: Collaboration instead of coal Win-win instead of whine-whine Trust instead of truculence Integrity instead of infamy Value instead of venom Decency […]

Telia-Veolia Case Study

We’ve published the latest example of Vested in practice, a case study describing how Telia – a Swedish telecom company – applied the Request for Partner process to get to a Vested agreement with Veolia, one of its long-time suppliers. Simply put, Vested helped them go from a supplier-buyer relationship to a true strategic partnership. […]

Most Negotiated vs. Most Important Contract Terms

It’s here! IACCM has released this year’s report on the most negotiated contract terms, which provides insight into the contracting practices of more than 2,100 organizations. One of the major insights of the survey identifies a disconnect between what is deemed most important in contract terms and the terms that are most… Click To Tweet […]