For the most part the economics of outsourcing series has examined the big thinkers in economics who have influenced the development of modern outsourcing. Today I’ll put the focus on Joseph E. Stiglitz, whose work has the power to influence how companies think about globalization. Joseph E. Stiglitz, a professor at Columbia University, received the […]
Globalization Today, Oct 2011
Vested Outsourcing and lead researcher Kate Vitasek were named to Globalization Today’s Powerhouse 25 list. The Powerhouse 25 list is a list of the 25 most influential players in the outsourcing industry. The readers of Globalization Today nominated and voted for those they believe are the movers and shakers in the industry. To read the […]
The Psychology of Outsourcing, Part 9: Daniel Gilbert, Perception and Bias
Business relationships obviously are based on economic assumptions and expectations, but they are also based on the human perceptions and biases we bring to the table. And that’s where we can go wrong. Daniel Gilbert, a Harvard professor of psychology, is a social psychologist who focuses on the nature of perception, belief, forecasting and cognitive biases […]
Supply Chain Quarterly, Oct 2011
The Vested Outsourcing Manual was recently reviewed by the staff at CSCMP’s Supply Chain Quarterly. Their review “Outsourcing for mutual success” can be read by clicking on the link.
Psychology of Outsourcing, Part 8: Thomas D. Gilovich, Decisions and Behavioral Economics
Many of the mistakes we make when outsourcing stem from a failure to recognize and account for the psychology that surrounds decision-making. Then businesses compound the problem by using poor judgment when reacting to the results of those decisions. Psychologist Thomas D. Gilovich (born 1954) is a professor of psychology at Cornell University who has researched […]
The Psychology of Outsourcing, Part 5: B.F. Skinner and Behavior, Incentives, Consequences
While B.F Skinner’s groundbreaking work on “radical behaviorism” is not quite the same as behavioral economics, they run in same crowd: mainly the conditioning, incentivizing and tracking of certain actions. Skinner, often a controversial and polarizing figure, developed a philosophy of science he called radical behaviorism, and founded his own school of experimental research psychology—the […]
Value Unchained, Oct 2011
Shared value relationships are gaining traction in the outsourcing community as companies and their suppliers increasingly realize they can prosper by working together to create a bigger piece of the pie. In her article titled “Share the Value, Share the Wealth” lead Vested researcher Kate Vitasek explains what it means to share value thinking.
The Psychology of Outsourcing, Part 4: Albert Mehrabian and Comminication
Sometimes I get the feeling that this series connecting the work of the giants in psychology with Vested Outsourcing is a little “out there.” But the more I dig into the thought leadership in this space, the more I am convinced there is a tremendous amount of insights that outsourcing professionals can apply to helping […]
Outsource Magazine, Sep 2011
In her recent Academics of Outsourcing column, lead Vested Outsourcing researcher Kate Vitasek discusses the impact that Steven D Levitt has had on economics with his two books, Freakonomics and SuperFreakonomics. One of Levitt’s most powerful points is what he calls the “law of unintended consequences.” While he tells lively stories of how unintended consequences […]
Keep the Core Competency at Home
Job No. 1 when it comes to outsourcing is never to outsource a core competency. I was reminded of this essential fact recently when I read a TechRepublic news story about GE’s huge investment to build a state of the art “green” data center on the same site in where the world’s first commercial computer […]
