Procurement organizations often see challenges in the P2P (procure to pay) process that stem from unclear roles, an overly complex process, or uncertain service channels. But the good news is that the steps, strategies, and tools outlined by ScottMadden come directly from successful procurement transformations across a wide range of organizations and industries. Following these […]
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Show up to lead through Vested
As Seth Godin says in a recent blog, “the next big idea” does not have to be fully original or have no competition. Actually, ideas and innovation often build upon each other. As Godin notes, “Henry Ford didn’t invent the car, and there were plenty of social networks before the dominance of Facebook. Madam CJ […]
Culture of Innovation
It seems every company recognizes the importance of innovation. This is especially true for the IT industry, where often today’s latest software innovation is yesterday’s news. This is why it is intriguing to see InformationWeek taking a stab at pushing for a “culture of innovation.” A recent post outlined five techniques “to support and encourage entrepreneurship in your […]
A Vested View on Risk
I was at a conference focused on contracting and a law school professor asserted, “You have three ways to deal with risk. Transfer it. Accept it. Or Insure for it.” There is nothing much new with those options, shifting risk is a popular pastime. But I propose there is a fourth way that is even […]
Bid Low at Everyone’s Peril
The following is a Guest Post from Jeanette Nyden, author of Negotiation Rules! A Practical Approach to Big Deal Negotiations (on sale at Amazon). She is also a co-author of the next Vested Outsourcing book, scheduled for publication next September. While it’s true that scrambling to be the lowest bidder on a job is a […]
Vested Outsourcing
The challenges that some of the most progressive companies rightfully waged against conventional outsourcing strategies during recent years have led to the emergence of a new model: Vested Outsourcing. Steeped in research conducted jointly by the University of Tennessee and the United States Air Force, Vested Outsourcing identifies the 10 inherent ailments in today’s flawed […]
