Risk management – let’s share the risk, not dump it! Article by Kate Vitasek in IACCM’s Contracting Excellence Magazine, published 24 July 2014 Risk management by definition is ambiguous and unpredictable, but it doesn’t have to be. Picture a highly collaborative approach. It shares the risk instead of pushing it to the other guy and […]
Harvard Business Review
Coase: Are Economists Becoming Irrelevant?
Followers of this blog and the “economics of outsourcing” series know how much I admire Ronald Coase and the contributions he has made to economic thought regarding transaction costs, total costs, getting the math right and the emergence of modern outsource contracting. His groundbreaking work, stretching back to the 1930s, shed light on a new […]
Shared Value: The Path to Success
The concept of shared value is difficult to understand and implement in a society, economy and business climate where sharing is not necessarily a prime motivation or even much in evidence. In the Vested Outsourcing approach to doing business shared value is an important step on the way to true collaboration and getting to the […]
Flight of Fancy? Synchronicity and Outsourcing
Watching the Blue Angels do their amazing and death-defying feats in the cloudy skies above Seattle last week, I was awestruck, marveling at the fearless synchronization on display. Which lead me of course to muse about what could happen if that kind of synchronization was the rule rather than the exception in outsourcing. The Blue […]