The Inherent Failures of Long-Term Contracts — and How to Fix Them
HBR IdeaCast3 Sep 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."

Avsnitt(649)

Understanding the Venture Capital Gender Gap

Understanding the Venture Capital Gender Gap

Jenny Lefcourt, partner at Freestyle VC and cofounder of All Raise, says that even as a serial entrepreneur herself, she long underestimated how little venture capital funding goes to female startup f...

18 Maj 202123min

CEO Series: Mastercard’s Ajay Banga on Promoting Financial Inclusion

CEO Series: Mastercard’s Ajay Banga on Promoting Financial Inclusion

Ajay Banga, the executive chairman and former CEO of Mastercard, has spearheaded a strategy focused on serving the previously unbanked via new technologies. During his 11-year tenure as president and ...

13 Maj 202128min

How To Talk Yourself Up (Without Turning People Off)

How To Talk Yourself Up (Without Turning People Off)

Leslie John, associate professor at Harvard Business School, has done some deep research into the ways that people self-promote in their professional lives and identified what works and what doesn't. ...

11 Maj 202125min

CEO Series: Mary Barra of General Motors on Committing to an Eco-Friendly Future

CEO Series: Mary Barra of General Motors on Committing to an Eco-Friendly Future

Mary Barra, chair and CEO of General Motors, says that electric vehicles are the future for the company and the automobile industry. GM has said it will phase out vehicles using internal combustion en...

6 Maj 202123min

How Tech Adoption Fuels China’s Innovation Boom

How Tech Adoption Fuels China’s Innovation Boom

Zak Dychtwald, founder of the advisory firm Young China Group, believes that the perception of China as a copycat and not an innovator is outdated. Instead, he argues the willingness of Chinese consum...

4 Maj 202125min

Quit Overthinking Things

Quit Overthinking Things

Ethan Kross, professor of psychology at the University of Michigan, has spent years studying how people talk to themselves and the effect that this "chatter" has on our performance. From professional ...

27 Apr 202125min

Streamlining Your Company’s Strategy

Streamlining Your Company’s Strategy

Felix Oberholzer-Gee, professor at Harvard Business School, says many organizations spend so much energy on strategy that it overwhelms with conflicting priorities. Instead, he argues companies should...

20 Apr 202126min

The Career Rules You Didn’t Learn at School

The Career Rules You Didn’t Learn at School

Gorick Ng, career advisor at Harvard, tried to learn about the world of work at an early age, helping his mother search job listings and send out resumes. To launch his own career, he studied hard in ...

13 Apr 202126min

Populärt inom Utbildning

historiepodden-se
rss-bara-en-till-om-missbruk-medberoende-2
det-skaver
alska-oss
nu-blir-det-historia
harrisons-dramatiska-historia
not-fanny-anymore
johannes-hansen-podcast
sektledare
rss-viktmedicinpodden
roda-vita-rosen
allt-du-velat-veta
rss-foraldramotet-bring-lagercrantz
sa-in-i-sjalen
rss-psykoterapipodden
i-vantan-pa-katastrofen
rss-max-tant-med-max-villman
rss-basta-livet
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-sjalsligt-avkladd