Vested is all about avoiding the toxic conditions created by the 800-pound gorilla. A Vested approach thinks beyond the short-term bottom line, beyond immediate gratification at the expense of those you’re working with.
Penny Wise and Pound Foolish
John Ruskin and Penny Wise and Pound Foolish
My friend and colleague Andrew Downard sent along a quote from the 19th century English artist, critic, socialist, and philanthropist John Ruskin in The Common Law of Business Balance that resonates incredibly well with Ailment #1 and the danger of being Penny Wise and Pound Foolish and focusing only on price. The quote attributed to […]
Longitudes (UPS) — November 2014
The Pit Bull of Procurement Is the quest to obtain perfect optimization causing your business harm? Vested blog post by Kate Vitasek republished 15 November. Here’s the link: http://longitudes.ups.com/2014/11/14/pit-bull-of-procurement/
Do You Know a Pit-bull of Procurement?
You probably have come across someone that I call the “pit-bull of procurement” – basically, that’s the person with a severe case of the Penny Wise and Pound Foolish ailment, making decisions based only on costs, the quick fix and the short term bottom line. The pit-bull is a major contributor to an organization’s optimization […]
Ailment #1 – Penny Wise and Pound Foolish
As we noted in the introductory blog to this series, our research and experience exposed the 10 most common problems in business relationships. These are “ailments” that can plague and potentially destroy an outsourcing relationship. Let’s start with the first and the easiest ailment to identify. The one that materializes when, for example, a company […]
