Sharing Knowledge is Power Multiplied

Most everyone would agree with the adage that knowledge is power, but what about sharing that knowledge? Some might argue that in the context of a contract negotiation, for example, knowledge provides a competitive advantage—so why share it? I would argue just the opposite. In a strategic relationship, holding your cards close to the vest […]

…Then You Win

“First, they ignore you, then they laugh at you, then they fight you, then you win.” The quote is attributed to Mahatma Gandhi, and I wanted to share it because I believe it is relevant to the Vested business model, and the way negotiations should go in a non-violent/nonconfrontational environment. The “ignore” part is the […]

Outsource Magazine — June 2017

Haapio and Barton: Business-Friendly Contracting Column by Kate Vitasek published on 22 June 2017 in Outsource Magazine Professors Helena Haapio and Thomas D. Barton are on a mission to educate organizations on how to create “business friendly” contracts – without giving up safety or security… Here is the link: http://outsourcemag.com/haapio-and-barton-business-friendly-contracting/

Chess Masters and CDAs

If you are a self-proclaimed chess junkie you know there’s no such thing as a casual, friendly game of chess – for that try checkers! It can take years of practice and study to become even somewhat proficient at chess. Tournament players are exponentially better than chess players/fans, and Experts are beyond most tournament players. […]

IACCM Webinar — March 2017

Ask The Expert: The ABCs of RFXs: Knowing when to use which competitive bidding methods IACCM Webinar with Kate Vitasek on 16 March 2017 Confused by the alphabet soup of RFx? Not familiar with some of the newer, more collaborative methods used for selecting a supplier? Join Kate Vitasek – a University of Tennessee Graduate […]

BPI Network — February 2017

Collaborative Contracts and Competitive Bidding: Not Mutually Exclusive! Article by Kate Vitasek published on 13 Feb. 2017 by the BPI Network Views & Commentary site. Can collaboration and competition co-exist to create the best contract bidding relationships?… Here’s the link: http://bpinetwork.org/thought-leadership/views-commentary/434/collaborative_contracts_and_competitive_bidding_not_mutually_exclusive  

Into the Lists

This is the time of year when lists abound, usually featuring the numbers 7 or 10: The ten best articles of the previous year, the top seven trends that will shape the future of the coming year – it’s a time-honored tradition that has only become more prevalent in the internet age. Lists are also […]

Outsource Magazine — January 2017 — Hart, Holmstrom

Hart, Holmstrom: Contract theory and incomplete contracts Kate Vitasek’s column published online on 6 January 2017 Professors Bengt Holmström (MIT) and Oliver Hart (Harvard) received the 2016 Nobel Prize in economic science in October for their work in the realm of contract theory and, most intriguing, the nature of contracts as being essentially incomplete… Here’s […]

Forbes — November 2016 — Relational contracting

Relational Contracting On The Rise With The Success Of The Australian Navy Article by Kate Vitasek published by Forbes on 30 November 2016. Relational contracting is back in fashion, marked recently by the Australian Navy’s innovative approach for incorporating a relational contract that led to their winning the International Association of Contracting and Commercial Management […]

Relational Contracting: Overcoming the Paradox

It’s not too late to escape the contracting paradox! Click To Tweet Wait! What is that you ask? The latest white paper from the University of Tennessee, the International Association for Contract and Commercial Management (IACCM) and Lindahl Law Firm explains why relational contracting is necessary to get past this paradox. What exactly is the […]