Kate Vitasek on the Healthcare Supply Chain Best Practices Podcast Here is the URL: https://www.spreaker.com/user/10962649/podcast-51-vested-outsourcing-applied-to
Challenge the Status Quo
We should always challenge, or at least question, the status quo. The status quo is great only if you want the same thing you have always had. But today’s business world is dynamic and companies demand innovation and value creation. Lawyers should embrace change and more progressive thinking from academia that is proving to be […]
Missing a Train
Nassim Nicholas Taleb, author of The Black Swan: The Impact of the Highly Improbable, makes a trenchant point when he says that “missing a train is only painful if you run after it!” Generally speaking, there’s always another train or bus coming along later. And besides you would not run after a plane you missed, would you? […]
Every Vested Contract is Unique
We are often asked, and sometimes even begged, to draft and share a sample contract. People say, “If only I could have an example contract.” Let’s look at why this is a bad idea through the lens of an actual situation. Let’s take an example from ISS, a large facilities management service provider that has […]
“V for Vested!” — Oct. 2019 Public Sector Catering
Cover story titled, “What’s in it for we?” published in Public Sector Catering magazine. The article is based on a speech by Kate Vitasek. Here is the link: https://secure.viewer.zmags.com/publication/ccdad62b#/ccdad62b/18
The Power of Walking Away
Many organizations have a strong oversight mantra. But sadly, oversight can often lead to bad decisions – especially when it comes to large, complex and high-risk projects. Why? Psychological studies show that people fall victim to what is known as “status quo bias” and the sunk cost fallacy. Simply put, we tend to get sucked into […]
Forbes — 22 Sept. — Guiding Principles
Follow Guiding Principles To A Successful Contract Article by Kate Vitasek published 22 Sept. in Forbes. A National Bureau of Economic Research paper highlights new research on how to overcome contractual incompleteness. Traditional contracting approaches have inherent flaws and a “new approach” that embeds informal social norms formally into a contract can help parties mitigate opportunistic behaviors, […]
One Service – Three Visions
In our 3 Day Vested Outsourcing course we teach organizations how to do a Business Model Map in order to determine if Vested is the right Sourcing Business Model for their situation. One question that came up was, “Wouldn’t a buyer and a supplier have the same shared vision once they decided to create a […]
Forbes — 8 September — UK-Bates
UK Court Says Post Office Agreements Are Relational Contracts Article by Kate Vitasek published 8 September 2019 in Forbes. Here is the link.
HBR IdeaCast — 3 September
The Inherent Failures of Long-Term Contracts — and How to Fix Them HBR IdeaCast interview with Oliver Hart and Kate Vitasek on 3 Sept. 2019. Here is the link: https://hbr.org/ideacast/2019/09/the-inherent-failures-of-long-term-contracts-and-how-to-fix-them.html
