The Inherent Failures of Long-Term Contracts — and How to Fix Them
HBR IdeaCast3 Syys 2019

The Inherent Failures of Long-Term Contracts — and How to Fix Them

Oliver Hart, Nobel-winning Harvard economist, and Kate Vitasek, faculty at the University of Tennessee, argue that many business contracts are imperfect, no matter how bulletproof you try to make them. Especially in complicated relationships such as outsourcing, one side ends up feeling like they're getting a bad deal, and it can spiral into a tit for tat battle. Hart and Vitasek argue that companies should instead adopt so-called relational contracts. Their research shows that creating a general playbook built around principles like fairness and reciprocity offers greater benefits to both businesses. Hart and Vitasek, with the Swedish attorney David Frydlinger, cowrote the HBR article "A New Approach to Contracts."

Jaksot(649)

Let’s Protect Our Frontline Workers from Rude Customers

Let’s Protect Our Frontline Workers from Rude Customers

From videos of drunk and disorderly airline passengers to stories of hospital visitors angrily refusing to wear masks, customer-facing work seems to have gotten a lot more difficult – even dangerous -...

22 Marras 202225min

What We Still Misunderstand About Mentorship and Sponsorship

What We Still Misunderstand About Mentorship and Sponsorship

Companies offer sponsorship programs to help a more diverse group of high performers and future leaders advance. But the efforts can often misfire. Herminia Ibarra, professor at London Business School...

15 Marras 202227min

Grit Is Good. But Quitting Can Be, Too.

Grit Is Good. But Quitting Can Be, Too.

From politics to sports to business, we tend to glorify those who persevere, show grit, never give up. But former professional poker player and consultant Annie Duke argues that there is also great va...

8 Marras 202228min

How Women (and Everyone) Can Form Deeper Bonds to Fight Bias at Work

How Women (and Everyone) Can Form Deeper Bonds to Fight Bias at Work

The number of women—especially women of color—in leadership ranks at the world’s largest companies remains desperately small. Tina Opie, associate professor of management at Babson College, offers a n...

1 Marras 202228min

4 Business Ideas That Changed the World: Emotional Intelligence

4 Business Ideas That Changed the World: Emotional Intelligence

In the early 1990s, publishers told science journalist Daniel Goleman not to use the word “emotion” in a business book. The popular conception was that emotions had little role in the workplace. When ...

27 Loka 202245min

What Leaders Need to Know About a Looming Recession – and Other Global Threats

What Leaders Need to Know About a Looming Recession – and Other Global Threats

Nouriel Roubini, professor emeritus at NYU’s Stern School of Business, says that a confluence of trends – from skyrocketing public and private debt and bad monetary policies to demographic shifts and ...

25 Loka 202229min

4 Business Ideas That Changed the World: Shareholder Value

4 Business Ideas That Changed the World: Shareholder Value

The idea that maximizing shareholder value takes legal and practical precedence above all else first came to prominence in the 1970s. The person who arguably did the most to advance the idea was the b...

20 Loka 202243min

NASA’s Science Head on Leading Space Missions with Risk of Spectacular Failure

NASA’s Science Head on Leading Space Missions with Risk of Spectacular Failure

In 2021, the U.S. space agency NASA launched a spacecraft toward a pair of asteroids more than 11 million kilometers away. The target? The smaller of the two asteroids, just 170 meters wide. The succe...

18 Loka 202229min

Suosittua kategoriassa Koulutus

rss-murhan-anatomia
voi-hyvin-meditaatiot-2
psykopodiaa-podcast
rss-narsisti
adhd-podi
aamukahvilla
rss-rahamania
rss-vapaudu-voimaasi
rahapuhetta
rss-eron-alkemiaa
rss-koira-haudattuna
rss-liian-kuuma-peruna
rss-tietoinen-yhteys-podcast-2
kesken
mielipaivakirja
psykologia
rss-uskonto-on-tylsaa
rss-duodecim-lehti
rss-turun-yliopisto
rss-the-leafy-lounge