Vested Outsourcing

Amy Edmondson and Psychological Safety in Business

Posted: 07/20/2022 - 09:00
Giving people permission to be candid and respectful is a good way to spur innovation, because when people feel safe, good things happen.

People and businesses need to feel safe, both physically and psychologically. In this area, Amy C. Edmondson is doing important work in the realm of psychological safety.

Edmondson is the Novartis Professor of Leadership and Management at the Harvard Business School, a chair established to “support the study of human interactions that lead to the creation of successful enterprises that contribute to the betterment of society.”

Stewart Macaulay: pioneer for relational contracting

Posted: 07/14/2015 - 09:00

Stewart Macaulay – Professor of Law Emeritus, University of Wisconsin Law School – occupies a unique place in the evolution, awareness and acceptance of relational contracting. In fact one might safely argue that he helped set relational contract theory in motion in 1957, with the publication of his famous article, ‘Non-Contractual Relations in Business: A Preliminary Study.’ He was 26.

Deirdre McCloskey: Are Markets Moral?

Posted: 05/14/2015 - 05:19

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. And she contends that capitalism/innovation backed by liberal economic ideas “has made billions of poor people pretty well off, without hurting other people.” Did I mention she is also controversial?

Jean Tirole: The science of taming powerful firms

Posted: 12/22/2014 - 09:07

Jean Tirole, the French professor of economics who recently received the Nobel Prize, is one of the most influential modern economists for his extensive theories and rigorous mathematic analysis of strategic behaviour and information economics in what is known as “Industrial Organisation” (IO).

As part of his research, he studied firms and markets where a firm had “power” to dominate the market and perhaps abuse that power.

Stewart and Plotkin, the Prisoner’s Dilemma and Generous Strategies

Posted: 10/16/2013 - 08:01

I’ve been a game theory fan for many years, particularly as it relates to showing that cooperative behavior indeed creates true “win-win” situations. So I was excited to read a work of University of Pennsylvania professors Alexander J. Stewart and Joshua B. Plotkin, ‘From Extortion to Generosity, Evolution in the Iterated Prisoner’s Dilemma‘, published recently in the Proceedings of the National Academy of Science (PNAS).

Michael Porter: the shared value path

Posted: 04/18/2013 - 05:31

If you are familiar with the Vested approach and the books and articles I’ve written on collaboration and trust, you know about the importance I place on sharing value in business relationships.

You might say it’s the way that capitalism will take business and value creation to a new and more sustainable level in the twenty-first century. And it’s also why I’ve taken much too long to write about the seminal ideas of Michael Porter on this subject in this space.

Pages

Subscribe to RSS - Vested Outsourcing