Startups and large corporations need to work together, but that is not easy. Some pointers today for that. And yes, as usual, I will be looking via the contract management view….
Are you currently navigating the tricky waters of managing the relationship between an innovative startup and a big corporation?
[Read more…] about 5 Tips For Managing A Relationship Between An Innovative Startup And A Corporation
Try managing 30-year contracts for physical asset creation and maintenance. Working with some amazing energy companies building and maintaining wind farms, I have seen firsthand the challenges that arise.
It’s a complex task that requires careful planning and management to ensure that the assets are created and maintained to the highest standards over the course of the contract. One key to success is establishing clear expectations and standards upfront, to avoid misunderstandings or disagreements later on. Also it is highly relevant to understand that the change control procedure is a vital part of these kind of agreements.
[Read more…] about The Long-Term Contract: Continious Collaboration And Communication
As a Contract Manager, your responsibilities include managing the company’s contracts with suppliers, vendors, clients, and stakeholders. During times of economic downturn or recession, it is essential to be prepared and take proactive steps to ensure the company’s financial stability. You will need to help the accountable executives to make the right calls in time in a proactive manner.
Here are five key things that every Contract Manager should do when a recession is on the horizon:
[Read more…] about Recession In The World Of Contract Management
Daily practice lead me to sharing my thoughts with you on the difference between a value chain and a supply chain. I noticed that these terms are used in all types of contextual discussions and I thought you might like my take on it.
A supply chain refers to the series of activities involved in bringing a product or service from its conception to delivery to the end customer. It typically involves the sourcing of raw materials, manufacturing, distribution, and logistics.
[Read more…] about Value Chain And Supply Chain, The Difference Explained
I use the word ecosystem a lot. This term from biology is not the same in business. In this post I eleborate on the difference between a business ecosystem and a biological ecosystem.
A biological ecosystem refers to the complex network of living organisms, including plants, animals, and microorganisms, that interact with one another and with their physical environment. In contrast, a business ecosystem refers to the network of organizations, individuals, and other stakeholders that interact with one another in an economic ecosystem.
[Read more…] about The Difference Between A Biological Ecosystem And A Business EcosystemThis website uses cookies to ensure you get the best experience on our website. More information
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