Vaia and Tommasetti: connecting governance with trust and commitment Outsource Magazine March column by Kate Vitasek. I often talk about the need for insightful governance as an essential part of business frameworks. In fact, it’s what Vested’s Rule 5 is all about. So I was happy to learn about the work of two scholars from Italy’s University [...]
Boeing Needs a Vested Approach
February 13, 2013 By Leave a Comment
A report in a recent Sunday Seattle Times reported Boeing faces an indefinite grounding of the Dreamliner – its newest jet—because of a battery fire on a 787 in Boston and the smoldering of another battery on a flight in Japan a week later. The article quoted anonymous Boeing engineers who are blaming the company’s [...]
APQC SCM Community Call Webinar — October, 2012
October 2, 2012 By Leave a Comment
SCM Community Call September 2012: Vested – How P&G, McDonald’s and Microsoft are Redefining Winning in Business Relationships By Kate Vitasek October 1, 2012 In the presentation, Kate Vitasek shares the real stories of how organizations are using a Vested approach to achieve award winning results by redefining how they “win” in their business relationships. [...]
Outsource Magazine — August, 2012
August 3, 2012 By Leave a Comment
Elinor Ostrom: getting involved in your own governance This month’s column pays a tribute to Elinor Ostrom, who shared the Nobel Prize award in economic science in 2009 with Oliver Williamson. Ostrom, who died at age 78 on June 12, was cited by the Nobel Committee for “her analysis of economic governance, especially the commons,” [...]
Outsource Magazine – Honestly Dishonest – July, 2012
July 9, 2012 By Leave a Comment
This month’s Outsource Magazine column: Honestly dishonest… If you follow this column you know I am a fan of some of the behavioral and transaction cost economists, including John Nash and Oliver Williamson. This month I am adding Dan Ariely to my list of big thinkers…
Business Happens—Embrace It!
August 24, 2011 By Leave a Comment
Business happening is making headlines with HP. The computer and IT giant’s share price has plummeted after announcing it would exit the PC and tablet computer business. The company’s rationale: Ability to improve focus on higher-margin cloud and business software solutions “with an emphasis on enterprise, commercial and government markets.” Exiting the PC market is [...]
Beware the Scope Nazi!
August 19, 2011 By Leave a Comment
Flexibility and insight when it comes to statements of work and workscope changes—and the dreaded “scope-creep!”—is necessary when crafting a properly governed and collaborative Vested Outsourcing agreement. This was brought home to me recently by Jack Everett, president – CEO at Triad Logistics Partners, LLC, who related the story of how he became known as [...]
Outsourcing: Collaboration is More Than a State of Mind
June 8, 2011 By Leave a Comment
The true test of collaboration occurs when you really have to collaborate, say during a crisis or when the powers that be ask you to do more or to do something radically different. In short collaboration is a nice word but it’s only truly effective and real when what you’re collaborating on is difficult, uncomfortable [...]
Going Beyond the Handshake
March 10, 2011 By Leave a Comment
I’m sure you have heard of the handshake deal. Some are amazingly successful and long-lasting, but it’s rare that the initial handshake is not followed up with a contract that formalizes the initial meeting of the minds. In a way the handshake is (or should be) a very Vested act, because it implies – if [...]
Vested Outsourcing and Defining Governance
February 22, 2011 By Leave a Comment
Vested Outsourcing’s Rule No. 5 says the governance structure of a Vested agreement or partnership should provide continuing insight, not merely oversight. Obviously it’s really important to have the right governance framework in place to enable the needed insight and to implement the other four rules of Vested Outsourcing. It’s how to achieve an effective, [...]
