There’s nothing positive about holding a grudge, especially in the business world because grudges produce negative feelings and results. Seth Godin, in a recent post, rightly put it this way: Whatever is causing the grudge, he continues, whether it is competition, technology or what someone said or did years ago, “none of it is going […]
Vested
In This Case the Mask is Way Better
Congratulations to the Chicago Blackhawks and their thrilling Stanley Cup victory last week, their third in six years. It made me think of a great story that Robert Martichenko, CEO of LeanCor, told me recently about hockey masks and the history and evolution of the goalie mask. Not so long ago it was considered a […]
ISS World Service Futures — June 2015
Why Vested Outsourcing is the next big thing Post on ISS World’s Service Futures site, published 10 June 2015. Here’s the link: http://bit.ly/1dwNDq4
Incentives: Use Outcomes to Determine the Framework
Ever wonder why parachutes never fail or why there aren’t any incompetent fugo (pufferfish) sushi chefs? Oliver Payne, writing in the UK’s The Hunting Dynasty, a behavioral insight and communication agency, has one word for this—incentives. Of course further explanation is necessary. On parachutes and a 100 percent success rate, Payne—the author of Inspiring Sustainable […]
The Changing Process of Invention
A recent Economist article explores how process of invention is changing. Think back in time. Invention used to be more singular and more “heroic.” Inventors such as Stephenson, Morse and Goodyear were the “shock troops” of the Industrial Revolution, helping to bring “humanity from agrarian poverty to manufactured plenty. These days, though, inventor-superstars, while not absent, are fewer […]
Thanks to John Nash and Playing Nice
I’ve written frequently over the years about the Nobel laureate and brilliant mathematician John Nash, who died with his wife Alicia when their taxi lost control Saturday on the New Jersey Turnpike. And rightly so, because his groundbreaking work in game theory and his Nash equilibrium (along with differential geometry, and partial differential equations) provides deep insight into the factors that govern […]
Forbes — May 2015
Driving Integrity: Relational Contracting On The Rise Article by Kate Vitasek published by Forbes on 20 May 2015. Here’s the link: http://www.forbes.com/sites/katevitasek/2015/05/20/driving-integrity-relational-contracting-on-the-rise/
Outsource Magazine — May 2015
Deirdre McCloskey: Are Markets Moral? Column by Kate Vitasek published by Outsource Magazine on 14 May 2015. Economist and philosopher Deirdre McCloskey has some thought-provoking and highly nuanced takes on innovation and ethics in the commercial arena. How about this for starters: capitalism is innovation, in her estimation… Here’s the link: http://outsourcemag.com/deirdre-mccloskey-are-markets-moral/
Coor Service Management — May 2015
“WHAT’S IN IT FOR WE” Article by David Frydlinger published by Coor Service Management on 14 May 2015. Future competitiveness is created through effective collaborations between customer and supplier. Strategic partnerships is gaining an increased significance and old business models will be replaced. The Vested-model is already used successfully in large outsourcing contracts… Here’s the […]
Golden Balls: Taking Advantage of Tit-for-Tat
A few years back I shared a clip from a popular British game show, Golden Balls, which illustrates in an entertaining way game theory and the prisoner’s dilemma. Today I want to share another clip from the same show to explore another aspect of game theory: tit-for-tat. Tit-for-tat is a common term used in game theory. The concept […]
