Control

Change, Control, Doingclient, cognitive bias, complexity, contractor, fundamental problems, perceived causes, quality, symptomatic solutions, unexpected side effects

Down the rabbit hole – How cognitive bias leads to failure

The resources industry is going through hard times. Wouldn’t it be wonderful if we all pulled together? Sadly, many operators and clients still prefer to blame the contractor for their troubles. But clients…

Control, Selectioncredit, payment, payment terms, terms, trade, trade credit

Extended payment terms: who really pays the price?

In tough economic times, businesses large and small look for ways to manage their cash flow more effectively. When money is tight it’s common for firms to seek to widen…

Control, Doingbehaviour, contracting, contractors, difficult, financial distress, fragility, insolvency, markets, resilience, resilient, risk, volatility, weak signals

The art of bouncing back – resilient contracting in difficult markets

Volatility increases during times of economic decline. Not every business providing contracting services will survive it, and some will fail catastrophically. But some, paradoxically, will thrive. What makes some contractors resilient and…

Change, Control, Doingfirms, innovation, payment, payment terms, power, reduce, terms, trade credit

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 reduce their capex and are less…