If you’ve been following the previous posts in my economics of outsourcing series, I hope you see that thanks to Coase, Solow and their colleagues, outsourcing is now a major part of the business and economic landscape. However, it has been popularized, debated and indeed lionized in the mainstream press by Thomas Friedman.
His major bestseller, [...]
Next in my mini-series on the seminal economic thinkers who prepared the way for outsourcing I’d like to look at the more current and less theoretical side of the economics of outsourcing and there’s no better place to start than with Freakonomics and the followup mega-bestseller, SuperFreakonomics.
Steven D. Levitt and his sidekick and co-writer Stephen [...]
The Rise of Vested Outsourcing chronicles the evolution of Vested Outsourcing as a premier “next generation” outsourcing model. Learn why Vested Outsourcing is a fundamental paradigm shift in how the outsourcing company and the service providers do business together.
Next in my mini-series about the great economic thought leaders who were seminal in the development and success of modern outsourcing is one of my favorites, the mathematician John F. Nash, who took economists a step or two beyond Adam Smith with his ideas on Game Theory and Behavioral Economics.
His conclusions are right in the [...]
Lately I’ve been thinking and writing about the economic theorists and thought leaders who set the stage for modern outsourcing to really take off. For me, the obvious choice to begin this mini-series of posts is with Ronald Coase, who was a pioneer in the area of transaction costs and the nature of the firm.
Coase’s groundbreaking [...]
It’s unfortunate that mistaken perceptions are often perceived as reality; in a diabolical way the mistake then becomes reality.
When people ask what I do and I explain that I teach people how to do their outsourcing better and smarter, invariably they jump into the conversation with their experience about how their company “outsourced” their work [...]
I’m always on the lookout for academically rigorous studies that support the concepts of Vested Outsourcing.
Now there’s a new and very important one to add to the Vested Outsourcing backpack: It’s the work of the 2009 Nobel Laureate Oliver E. Williamson. Dr. Williamson, professor emeritus of business, economics and law at the University of California, [...]
Or was he?
It depends on which of the many quotes about winning, losing and life from the legendary Green Bay Packers football coach, who died in 1970, you pick.
For instance Lombardi famously said, “Winning isn’t everything, it’s the only thing.”
I recently had dinner with Mr. Sylvan Schefler, a very wise and seasoned Wall Street senior [...]
Any Vested Outsourcing relationship flourishes best in a culture in which participants work together to ensure their mutual success.
While many organizations boast that they have solid partnerships in place, the University of Tennessee’s experience and research has found that most organizations really want to enhance and push their own self-interest. This is often known as [...]
Any Vested Outsourcing relationship flourishes best in a culture in which participants work together to ensure their mutual success. In essence, Vested Outsourcing buys desired outcomes, not individual transactions. The service provider is paid based on its ability to achieve the mutually agreed desired outcomes. Success in Vested Outsourcing requires engagement of five rules. Here [...]
