How extended payment terms hurt innovation
An interesting piece of research on how extended payment terms affect suppliers. The authors find that small firms forced to accept extended payment terms … Read more
An interesting piece of research on how extended payment terms affect suppliers. The authors find that small firms forced to accept extended payment terms … Read more
Fortunately, truly difficult and opportunistic vendors are rare. But we have all had the experience of the vendor who knows you depend on them … Read more
Jumping to conclusions is efficient if the conclusions are likely to to be correct and the costs of an occasional mistake acceptable, and if … Read more
Poorly-designed incentives may encourage a contractor to behave in unexpected and unpleasant ways. And construction management is a form of contract that is especially … Read more
You know what it’s like to have a hungry stray cat begging at the back door. You try to ignore it. You hope it will … Read more
With careful planning and management, you can not only find and grow capable small and medium-sized enterprises (SMEs), but also give them real opportunities … Read more