Out with the Old (Thinking); In with the New (Thinking)

  Maybe businesses should consider adopting New Year’s Resolutions: “We will be smarter as we get leaner.” “We will consider profit levels of our customers as well as our own.”  “We will work toward Win-Win strategies with our partners.” Genuine objectives, made to improve relationships and build capacity. A little too much mushy thinking, you [...]

Performance-based Contracts Perform

My Contract Management magazine arrived recently with even more evidence that a vested, collaborative approach to managing difficult contracts – or solving difficult problems – results in success on a huge scale. Most of us grew up hearing about the controversies surrounding the Rocky Flats Plant near Denver, a U.S. nuclear weapons production facility that operated [...]

Even Some Big Guys Need a Lesson in Vesting

When a manufacturer suffers recurring production delays due to parts shortages along its supply chain it’s a big problem. When this happens to a company like Boeing, which is trying to launch a major new product – the 787 Dreamliner – it reveals a costly and endemic problem that can verge on disaster. Randy Tinseth, [...]