VESTEDUK is changing the way relationships between businesses and their service providers look and feel.
Nigel Forbes, managing partner at The Litmus Partnership, said: “I went to the US to study the Vested Outsourcing and Collaborative Contracting concepts at The Haslam College of Business, University of Tennessee, where Vested Founder Kate Vitasek is based, and was completely inspired by the approach.
“Traditional business relationships are focused on win-lose arrangements where one-party benefits at the others expense. In contrast, Vested creates a win-win relationship in which the parties are equally invested in each other’s success. I’m thrilled to be able to be at the forefront of helping UK organisations harness this approach and change the way they do business with their service providers.”
Instead of traditional agreements that focus on the success of the contractual relationship, Vested focuses on well-constructed agreements between two parties that result in positive collaborations and better outcomes for everyone involved.
Julian Fris, founder & principal consultant at Neller Davies, added: “For me Vested is the future for outsourcing as it recognises that service failure is not an option. Adversarial relationships built on carrot & stick performance-based contracts often result in higher costs and losses, poorer performance and productivity and ultimately the loss of customers and revenue. This is not what good business is about.”
To find out more about the VestedUK movement visit: https://www.vestedway.com/uk/.