As we leave what amounts to the second year of the Covid-19 pandemic, is it safe to even say “post-pandemic”? I suggest a better title would be “Living with a Pandemic Era New Normal”.
“Simply put, business happens. Things change, including the underlying deal covered by the contract.”
– Contracting in the New Economy, p. 46
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 […]
When a company seeks a strategic supplier, the crucial first step is to choose the right sourcing model, which will make or break the relationship.
The Brookings Institution, suggests ally-shoring as a solution. to the manufacturing/labor crisis.
No, not the delicious edible kind, but doughnut economics. The Doughnut, or Doughnut economics, is a visual framework to illustrate sustainable development. The doughnut shape combines the concept of planetary boundaries with the complementary concept of social boundaries. The name derives from the shape of a diagram, i.e., a disc with a hole in the middle. The center hole of the model […]
Kate Vitasek blog/article published on 28 July 2021 features getting back to work insights from Dan Ariely. Also getting back to efficient negotiations.
Article by Kate Vitasek published 14 July 2021. URL: https://futureofsourcing.com/julian-nyarko-stickiness-and-incomplete-contracts
Seth Godin’s recent blog, “Rigor vs Rigid” draws a distinction between two words that share the same Latin root. They began as Latin terms for stiff and unyielding, but Godin says they “sound the same but work in opposite directions.” In short, they’ve diverged: A rigid approach in life and work is easy to describe, […]
Art of Procurement podcast with Kate Vitasek was recorded on 28 June 2021. In this episode of the podcast, Kate joined host Philip Ideson to talk about: • What a formal relational contract looks like in practice and how the change management process should work • How to establish governance frameworks around contracts that are […]