Vested outsourcing

Vested (also referred to as "Vested outsourcing") is a hybrid business model in which both parties (the company and the service provider) in an outsourcing or business relationship focus on shared values and goals to create an arrangement that is mutually beneficial to each.wikipedia
15 Related Articles

Business model

business modelsmodeloperating model
Vested (also referred to as "Vested outsourcing") is a hybrid business model in which both parties (the company and the service provider) in an outsourcing or business relationship focus on shared values and goals to create an arrangement that is mutually beneficial to each.
Researchers codified their research into a sourcing business model known as Vested (also referred to as Vested Outsourcing).

Outsourcing

outsourcedoutsourcecontracting out
Vested (also referred to as "Vested outsourcing") is a hybrid business model in which both parties (the company and the service provider) in an outsourcing or business relationship focus on shared values and goals to create an arrangement that is mutually beneficial to each.
Several related terms have emerged to refer to various aspects of the complex relationship between economic organizations or networks, such as nearshoring, crowdsourcing, multisourcing, strategic alliances/strategic partnerships, strategic outsourcing., and vested outsourcing.

Revenue

turnoverrevenuesgross revenue
This outcome can include cost reductions, revenue increases, schedule improvements, increased market share and better levels of customer service.

Market share

sharemarket-sharemarket
This outcome can include cost reductions, revenue increases, schedule improvements, increased market share and better levels of customer service.

Customer service

customer careservicecustomer feedback
This outcome can include cost reductions, revenue increases, schedule improvements, increased market share and better levels of customer service.

Contract

contract lawcontractsagreement
More than simply focusing on the success of the contractual relationship, Vested commits both the company and the service provider to the success of each other's overall business.

Partnership

partnerpartnershipspartners
This strengthens the sense of partnership and encourages a more lasting relationship.

Innovation

pioneerinnovativeinnovator
By sharing their expertise and aligning their goals, both parties are able to drive innovation, adapt to changing needs and mitigate risk while working towards mutual success.

Mitigation (law)

mitigationmitigatemitigating
By sharing their expertise and aligning their goals, both parties are able to drive innovation, adapt to changing needs and mitigate risk while working towards mutual success.

Collaboration

collaborativecollaboratecollaborated
Vested relationships depend on collaboration, transparency, flexibility and trust.

Transparency (behavior)

transparencytransparentgovernment transparency
Vested relationships depend on collaboration, transparency, flexibility and trust.

Kate Vitasek

Her research focuses on the Vested outsourcing business model, sourcing business model theory, the relational contract, and collaborative business relationships.

Creating shared value

Shared ValueShared Value Initiativevalue
Relational contracting and collaborative business models, including Vested outsourcing, have incorporated Porter's and Kramer's shared value principles as the basis for implementing collaborative relationships that creates, shares and expands value for parties in a business or outsourcing relationship.

Strategic sourcing

sourcingeSourcingOutsourcing strategies
The seven models are: Basic Provider, Approved Provider, Preferred Provider, Performance-Based/Managed Services Model, Vested outsourcing Business Model, Shared Services Model, and Equity Partnership Model.