Prahalad and Hamel: Corporations and Core Competence Column by Kate Vitasek published 2 June 2018 in Outsource Magazine. Here’s the link: http://outsourcemag.com/prahalad-and-hamel-corporations-and-core-competence
Supplier Relationship Management (SRM) is all the rage and for a good reason. Far too many “strategic” contracts have been developed (especially outsourcing contracts) that do not include sound SRM practices.
Richard Thaler: Writing Contracts for Humans Article by Kate Vitasek published by Outsource Magazine on 15 March 2018. Nobel laureate Richard Thaler understands the “human” side of economics. He’s a founding member of behavioral economics and most recently won the 2017 Nobel Prize in Economics Sciences… Here’s the link: http://outsourcemag.com/richard-thaler-writing-contracts-for-humans
Herbert Simon explored the intersection of philosophy, science, politics, economics and a range of other fields and called into question the traditional idea that “economic man” acts rationally.
Paul J. Zak: doing the math on trust Article by Kate Vitasek published in Outsource Magazine on 27 March 2017 Paul J. Zak is answering age-old questions about the evolutionary and scientific – actually neuroscientific – basis for identifying and establishing trust. For example, why do people trust each other in the first place? Is […]
Robert Kurzban: why everyone else is a hypocrite… Article by Kate Vitasek published 7 February 2017 in Outsource Magazine. Robert Kurzban, Ph.D., an Associate Professor at the University of Pennsylvania in the Psychology Department, is a proponent of evolutionary psychology as a key to understanding human behaviour in all of its complexity… Here is the […]
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 […]
Horacio Falcao and the value of value negotiation Article by Kate Vitasek published In Outsource Magazine on 14 July 2016 Professor Horacio Falcão, a Senior Affiliate Professor of Decision Sciences at INSEAD, warns companies should not start – nor necessarily end – on “price” when it comes to negotiations… Here’s the link: http://outsourcemag.com/horacio-falcao-and-the-value-of-value-negotiation/#!
Europe is in turmoil after Great Britain’s vote to leave the European Union. Those who now claim to know what will happen now – in outsourcing or in other area – will make two big mistakes: First, they will show that they don’t understand what Brexit is. Brexit is, to use the words of author Nassim Nicholas Taleb, a “black swan”: an unexpected event with largely unforeseeable consequences, just like 9/11 or the Lehman Brothers bankruptcy filing. Second, they will simply be wrong.
I think three to five years from now you will see a boomerang effect from many of the companies that have shifted to multisourcing.