George Akerlof put math behind the concept of the “lemon problem” in his classic 1970 article, Akerlof (with Michael Spence and Joseph Stiglitz) received the 2001 Nobel Prize for their analyses of markets with asymmetric information. This YouTube video explains the lemon problem in an easy to understand two-minute clip. In a nutshell, there are honest sellers and dishonest sellers (e.g. those selling […]
Kate Vitasek
A New Day, A New Way for Island Health and Hospitalists
Our latest case study relates the extraordinary and inspiring journey of the Victoria Island Health Authority and their Hospitalists as they used the Vested model to transform their troubled labor relationship into a highly collaborative one. Most on the team have called the shift to transformational. Some go so far to say it was more like […]
Reverse Logistics Magazine — January 2019, Edition 98
Five Rules to Strategic Outsourcing Cover story by Kate Vitasek in Reverse Logistics Magazine, Edition 98 All too often companies that outsource experience what University of Tennessee researchers call the Watermelon scorecard: SLAs (service level agreements) are green on the surface, but often neither the buying company nor the service provider are happy with the […]
Forbes — 24 January 2019 — Employees, Suppliers
Don’t Treat Your Employees Like Suppliers Forbes Blog article by Kate Vitasek published 24 January 2019 The war for talent is 20 years strong and has changed the way companies recruit and retain talented employees. While great strides have been made in how companies treat employees, many are still in the dark ages when it […]
Forbes — 21 January 2019 — Brexit, Trade and Logistics
Get Set For A Bumpy Trade And Logistics Ride In 2019 Forbes post by Kate Vitasek on 21 January 2019 A significant reshuffling of the top logistics countries is likely this year, largely because of Brexit and the potential for a trade war between the U.S. and China… Here’s the link: https://www.forbes.com/sites/katevitasek/2019/01/21/get-set-for-a-bumpy-trade-and-logistics-ride-in-2019/#2400b94bb2c7
SupplyChainBrain — November 2018
Tariffs Present an Opportunity for Supply Chain Collaboration Supply Chain Brain Think Tank article by Kate Vitasek published on 28 November 2018 Here’s one way to think about trade fights between governments: Tariffs are really tit-for-tat exercises in non-collaboration that make world trade more complicated and expensive — especially for the consumer caught in the middle… […]
Public Spend Forum — 16 January 2019
Unlearning to Learn: A Vested Approach to Services Acquisition Episode 13 of the Public Procurement Leaders Podcast with Kate Vitasek on 16 January 2019. Here’s the link: https://www.publicspendforum.net/podcasts/vested-services-acquisition-kate-vitasek/
Inside Supply Management Weekly — 14 January 2019
Focusing on Shared Vision and Statement of Intent The first of a series of articles on the Vested Five Rules and the 10 Elements by Kate Vitasek published 14 January in Inside Supply Management Weekly. Here is the link: http://ismmagazine.org/focusing-on-shared-vision-and-statement-of-intent/
All I Want for Christmas and the New Year…
As I ponder the holiday season and the start of a New Year, I wonder – from a Vested perspective of course – what would happen if Christmas stockings and New Year resolutions contained: Collaboration instead of coal Win-win instead of whine-whine Trust instead of truculence Integrity instead of infamy Value instead of venom Decency […]
ISM Weekly — 26 November 2018
Implementing a Successful Supplier Sourcing Contract Article by Kate Vitasek published by Inside Supply Management Weekly on 26 November 2018. Some sourcing business deals are simple to negotiate, especially when they are basic transactional deals, such as for office supplies. Other more strategic sourcing contracts might go through difficult and lengthy RFP processes… Here is […]
