I’ve talked about the need for establishing guiding principles—or social norms—for negotiating and operating strategic contract relationships but Social norms are applicable and important for company team dynamics Click To Tweet . It’s important that the norms embodied in the “what’s in it for we?” contract negotiation process be firmly embedded throughout the organization, or […]
Teams and Social Norms
Filed Under: From the Blog Tagged With: collaboration, Getting to We, guiding principles, Kate Vitasek, social norms, Susan M. Heathfield, trust, WIIFWe
Douglass North – A Lasting Legacy of New Institutional Economics

Douglass C. North, a Nobel laureate famed for his groundbreaking work on “new institutional economics,” died on November 23. He was 95. North – a professor, economist, philosopher, and economic historian – was the co-recipient (with Robert Fogel) of the 1993 Nobel Prize in Economic Sciences “for having renewed research in economic history by applying […]
Filed Under: From the Blog Tagged With: collaboration, Douglass North, Kate Vitasek, New Institutional Economics, social norms, trust, Vested