Loading...
 
IACCM - International Association for Contract & Commercial Management Contracting Excellence Magazine
 

Contracting Excellence Magazine - Apr 2012

 
 

 

Getting The Organization To Care About Contracts

 
Most of us are faced at some point with a high degree of cynicism about the value of contracts and - by association - of contract and commercial managers. Changing hearts and minds is no easy task, but it is important that we make a start. Tim Cummins, CEO, IACCM
 
 

Last week, I wrote a blog on the topic 'If contracts are so important, why do so few people care?'

Although my focus in that article was on outsourcing deals, the question could equally well apply to contracts as a whole. Essentially, my point was that although there is wide acceptance within organizations that a contract is necessary, there is limited consensus over its exact purpose and few considerations over its broader business impact.  This general lack of interest is reflected in IACCM's 2011 research finding that only 8% of organizations see themselves as having a strategy for contracting.

In my previous article, I observed that one of the consequences of this situation is that contracts (and those who are charged with their creation and management) are viewed by many in a relatively negative light.  They are seen primarily as instruments for risk allocation, often indulging in lengthy and apparently obtuse points of law and the apportionment of pain when things go wrong. This attitude tends to have rather self-fulfilling consequences; in particular, contracts and legal personnel are often not involved sufficiently early in the process and the resultant contracts may be poorly structured, hastily negotiated or incomplete.

As a brief case-study, I was recently asked for advice on how the parties in a $4 billion contract might best establish a governance and management framework that will generate more collaborative behaviors. The project owner told me that one challenge – perhaps the biggest – would be to overcome the opposition of many stakeholders, who believe that the contract and its management should be all about 'wielding a stick'. He went on to explain that his reason for asking IACCM to help is because he believes we are the only people with the 'compelling research and examples' and 'perceived objectivity' that can help him overcome these attitudes.

The point behind this story is that it is not of course the contract that is causing contention. It is the people within the organization who see suppliers (and often customers) as 'the enemy' and then seek to use the contract and the contracting process as a weapon. Their dismissal of the idea that collaboration is necessary and their refusal to consider contract terms and structures that focus on value delivery and positive incentives ultimately condemns many deals and projects to either fail or yield disappointing results.

Of course, the nice thing with that disappointment is that it confirms the cynicism that was actually its cause and adds to the resistance to change.

So what should be done? In my opinion, senior management from around the business must start to revisit the question 'what is the purpose of contracts?' and from there, they need to consider a strategy for contracting that aligns with their wider business goals. Without this, contracts will continue to undermine business opportunities and deliver less than optimal results. But who is going to plant the seed with executive management that they should even be asking that question – will it be you?

 
 

_____________________________________________________________________________________

 

When The Writing's On The Wall Everyone Can See It

 
How many of us look at the latest tablet device or smartphone, the latest social network, or the latest loyalty programme and think, 'if only I/my organisation had had that idea'? Adrian Furner,Founding Partner, Kommercialize COMMERCIAL INNOVATION by design
 
 

If you step back a moment and create an “if only …” list for you or your organisation and then look at its contents then it is likely that you'll see an interesting trend and one which is important for our profession.  You will likely see that your list is made up of offerings that when you dig beneath the surface are based on not just product innovation but a blend of product innovation and “commercial innovation” such as a novel business model, a new channel, brand enhancement or extension, leverage of core processes or standards.

Example – Publishing / Book Retailing

An example of this is the approach that a new player in the book retail sector took to adapting the relationship they had with the publishers.  They moved from the sector norm of buying on a 'sale or return' basis a 'firm-sale' basis, in effect removing the ability to return the books if they didn't sell.  In return for this change to the relationship and in effect the T&Cs of trading they were able to get access to books at a lower price than their competition.  This coupled with access and control of a direct distribution model allowed them to create a business that with other commercial innovations along the way is today one of the largest sellers of books in the UK.

Whilst there have been good examples of the use of commercial innovation over the years, with recent market and technology innovations organisations are increasingly looking to a greater use of commercial innovation to drive competitive advantage.

Traditionally, innovation has been seen as a product centric set of activities revolving around the process of identifying new or novel technologies, developing them, and then bringing them to market either as a new product or as an improvement to an existing product, usually through existing channels.

Increasingly to be successful and create differentiation organisations are having to challenge themselves to look wider than this and to bring together and align a mix of innovations.

The Innovation Process – a move to five phases from three

If we look at the traditional product centric innovation lifecycle then simplistically there are three main phases: invention; product development; and commercialization.

The invention phase would likely have been the preserve of business development, technologists and scientists who would bring market needs together with the potential for science/technology to deliver a solution.  In broad terms the product would then have been developed, often bringing in various engineering skills to the blend.  It is likely that only in the later stages of the prototyping and testing would there be an increased involvement by contracting, procurement, supply chain and legal functions in order to package it for the market.

With an increasing move towards a more holistic view of innovation blending product and commercial innovations together there is a need to review the traditional model.  Whereas in the traditional model there were three broad phases, in order to bring focus on to the wider range of innovation types there is a need to break down the development and commercialization phases in order to create an innovation lifecycle that has five phases: invention; conceptualization; productisation; commercialization; and monetization.

By doing this it allows organisations to consciously bring in relevant expertise at an early enough stage in the process to create and develop the various strands innovation in an aligned manner.

In addition with the traditional lifecycle it was often seen as a convergent process with a wide number of initial ideas consistently reducing to a smaller number of products.  With the holistic process and the complexity introduced by multiple types of innovation there is a need to accept that the process is more iterative with each phase possibly introducing new invention and therefore being diamond shaped diverging with new invention before converging to a smaller number of outcomes.

Transformational Change – at the enterprise and team/individual levels

Such a step change in approach to innovation is likely to be a considerable challenge for most organisations and require adaption at both the enterprise level and the team/individual level.

At the enterprise level it is key for an organisation to ensure that it creates adequate absorptive capacity to pull through the innovation at all points in the process from invention to monetization.

To do this organisations need to consider whether they foster an innovation friendly environment, whether their enterprise processes, including the innovation processes, are aligned and synchronized with the business and corporate strategy, and whether they have a metrication framework that incentivizes the desired outcomes.

At the team/personal level, for everyone, including functional professionals to play their part in the innovative culture then they need to ensure that they have a mindsets, skillsets and toolsets that are consistent and supportive of the new ways of thinking and working that are key for innovation to flow through the organisation as the way that it does business.

So, what does this mean for us as forward looking professionals?

As senior leaders we have to set an environment of culture, processes and metrics that align, we have to analyse and link resources in a way that drives innovative business solutions, and we have to lead on a wider basis than just our functional focus.

As team leaders we have to be receptive to new ideas, give people space to make new linkages and encourage innovation as a part of the 'day job'.

And as individuals we have to ensure that we are receptive and drive change as the norm, we have to ensure that we equip ourselves with a new blend of skills that are likely to be different from those that we have felt comfortable with in the past, and we have to embrace new toolsets that help us understand the impact of the changes that we propose.

Above all we as professionals need to be bold and step up to the plate in the area of innovation to demonstrate the value that we can add to our businesses through the development of new business models, new relationships, new contracting models, new contract delivery mechanisms, and that we can deliver them as parts of holistic solutions to customer needs.

If we are successful at the above then we will have helped ensure that our organisations are adding to the 'writing on the wall' and not just reading it.

This article is part of the IACCM series on the 'Future of Contracting' which is, through a variety of interviews, survey, articles and other interactions aims to help us set a vision for the future of our profession.  Key to this is engendering a debate around the issues raised and therefore your thoughts and views are key.

Innovation and transformation is but one of the challenges we face so join the debate on the IACCM discussion forum https://www.iaccm.com/members/network/forum/

Adrian Furner is the founding partner at Kommercialize, which provides support and advice to organisations in the area of business model architecting, functional innovation competence development and functional-led transformational programme delivery.

 
 

Contract & Commercial Management: Operational Guide

The Definitive Guide to Commercial Contracting

We are excited to announce that IACCM's groundbreaking commercial contracting guide - the first global work of its kind - is now available.

Secure your copy of Contract & Commercial Management: The Operational Guide today - and find out why this highly recommended title is being called 'a great catch all book that can be referred to by both sell and buy side for worldwide contracts', that will 'serve as a reference handbook throughout a career'. The definitive work on contracting and commercial best practice provides a comprehensive overview of the entire contract life-cycle over more than 500 pages of detailed insight.

The Operational Guide is a unique work, addressing contract and commercial principles on a worldwide basis, for both buy-side and sell-side practitioners. Invaluable for training, as a reference work, or simply to update your understanding of current practices, this is a volume that you really must own!

For more details and to order online, please go to:
http://www.iaccm.com/store/?vp=10

______________________________________________________________________________________

 

Commercial Expertise In Today's Global Economy

 
Two recent stories in the Financial Times illustrate the pace of change and the need for contracts and commercial experts to explore and understand market trends and developments. They reflect how 'global complexity is caused by growing interconnections and interdependencies'. The calculations in these two stories are all commercial in nature - and therefore areas in which the contracts and commercial expert should have knowledge and understanding, the ability to alert senior management to the threats and the opportunities that drive better business decisions.
 
 

Two articles in the Financial Times point to the challenges of maintaining competitive advantage in today's global economy.

The first relates to a decision by Microsoft to relocate its European logistics center from Germany to the Netherlands. This has been prompted by a lawsuit filed by Motorola Mobility alleging patent infringement by several Microsoft products. A judgment is due later this month and, fearing a possibly adverse decision, Microsoft has decided to move its operations to a new jurisdiction.

I find this story interesting from several perspectives. First, the fact that two US-based corporations are engaged in litigation in an overseas country. This is driven, apparently, by the patent-friendly laws in Germany and represents a spill-over from the patent battles that have been the norm in the US over recent years. Second, the fact that Microsoft has decided to move its operations to another country, to avoid the possibility that its products could be seized if the German courts grant an injunction.  The ease with which this can be done is itself interesting and illustrates the extent to which jurisdictional borders are becoming significant in corporate decision-making. Third is the extent to which this reflects the complexities of international competitiveness and the role of regulation in determining investment and location decisions. While the number of jobs involved in this case is relatively small, the wider impact on investment in Germany could be considerably greater as other companies weigh up the risks of locating operations in that country.

The other article highlighted a decision by GE to 'reshore' manufacturing of domestic appliance manufacturing to the US, from outsourced operations in China and Mexico. The decision has several elements. One is the fall in relative cost advantage as wage rates in many off-shore locations escalate. Another is the steady increase in logistics costs, in particular the price of oil, that undermines the cost advantages of offshoring. Third, there are US Government incentives, plus more flexible attitudes by the trade unions with regard to worker wage rates. And fourth – perhaps most interesting – is the belief that 'lean production' can deliver greater long-term benefits than a cost-reduction strategy based on labor arbitrage.

This final point is of particular importance because it challenges many of the purchasing theories of the last decade. Essentially, lean production depends on co-location of core functions so that they can work as teams in driving continuous improvement and innovation. This concept is based on a belief that process improvement and the ability to respond fast to market changes depend on levels of collaboration and integration that cannot be achieved through outsourcing to low-wage economies. Arguably, the same can be said of many other aspects of price-driven procurement decisions, which have themselves forced many suppliers to outsource or offshore their production activities.

Together, these stories illustrate the pace of change in thinking, the importance of continually challenging our assumptions, and the need to explore and understand market trends and developments, especially in an international context. They are excellent examples of the primary issue highlighted by CEOs in the 2010 IBM study – 'global complexity caused by growing interconnections and interdependencies'.  The calculations in these two stories are all commercial in nature – and therefore areas in which the contracts and commercial expert should have knowledge and understanding, the ability to alert senior management to the threats and the opportunities that drive better business decisions.

 
 

____________________________________________________________________________________

 

Protecting Intellectual Property

 
As one of the 'most negotiated terms', there are few contract and negotiation professionals who are not conscious of the complexities and importance of intellectual property rights. Yet for all our efforts to make sense of this issue in contracts, the problems with it do not go away. This article highlights the continuing challenges that many face in their trade with China.
 
 

IACCM member Gregg Barrett forwarded an article that features a story of corporate espionage and a commentary on the scale of intellectual property theft by Chinese firms.

There can be few who are unaware of the threats to IP that arise when doing business with China. The aspect that makes it especially worrying is the feeling that, far from condemning such espionage or IP theft, the state authorities actively condone it. In the case featured within the article, the CEO of the US victim had taken steps to look beyond the contract and, in his opinion, developed a strong and trusting relationship with his Chinese counterparts. We must wait to see whether the Chinese courts take meaningful action in what appears to be a clear-cut case of theft.

However, before leaping to judgment, I believe we must also place IP protection into an historical context. First, it is important to remember that the entire concept is relatively recent – less than 300 years. Second, we must acknowledge that emerging countries have rarely paid great respect to the concept of intellectual property rights. As nations seek to improve their economic wealth, there is always a delicate balance between collaboration and aggressive competition in their international dealings. While on the one hand there is recognition of the benefits of trade, on the other there is a hunger to equal or better the position of rival nations. Even in established economies, this friction remains – for example, the debates over free trade or protectionism.

If we go back to the 1800′s, there are certainly many examples of US entrepreneurs 'borrowing' ideas from elsewhere. In those days, it could take years before the original owner was even aware that their IP had been stolen and the chances of them launching a successful prosecution were few. The acceptance of IP principles tends to come only when a country has passed a point of equilibrium – when it has more to lose than it has to gain. This comes about in two ways. One is through the development of its own inventions and the other is through its hunger to export and trade in foreign markets. In the first case, having its own inventions creates a desire for protection (both domestic and foreign) and therefore a more effective legal system. In the second case, the wish to export creates an exposure to action in foreign courts which may not share the benign view of their Chinese counterparts.

Since the chances of concerted world action against China seem remote, it appears that companies must in large part rely on themselves for handling the threat of IP loss. They must carefully consider the extent and nature of their trade with China. They must think of ways to limit access to the full specification of their products. They must increase vigilance over employee hiring and loyalty. And they must continue to invest in security products that prevent access and create alerts against attempted IP theft. Perhaps most of all they must hope that China soon reaches that point of equilibrium where it starts to share the view that IP should be respected.

 
 

'See the final brochure for the IACCM EMEA conference - April 24th - April 26th' click here

____________________________________________________________________________________

 

IACCM Launch Accredited Qualification in Supplier Relationship Management (SRM)

 
Pioneering program will equip SRM practitioners with the core skills and knowledge they need to develop successful, collaborative customer-supplier relations We are delighted to announce the launch of the IACCM SRM program. The first learning group will start at the end of January 2012, and we are taking pre-registrations (contact pmallory@iaccm.com for further details and to reserve your place).
 
 

Be one of the first to achieve the world's only internationally recognised and accredited qualification in supplier relationship management (SRM).

The pioneering program is designed to equip practitioners with the skills and knowledge they need to implement SRM practices effectively within their organisations. Completion of the program will lead to individual certification and a 'licence to practise SRM'.

SRM is emerging as both an important business activity and a professional discipline within major organisations around the world. Research evidence suggests that SRM can deliver significant tangible benefits in addition to those achieved through world-class strategic sourcing, negotiation, and contract and performance management.

You will join a group of practitioners as they work through the learning program, in a virtual environment of e-learning modules enhanced by message board interactions across the group and webcasts to enhance the learning materials and provide a forum for interactive discussion of best practices. The skills assessment tool will enable you to do a gap analysis on your current level of skill and capability, enabling focus on personal learning goals for greatest development impact.

This comprehensive training program recognises that relationship management requires a blend of technical capabilities - for example, in process and organisational design, and structuring of appropriate contracts and future-facing measurement systems - and key behavioural competencies such as communication, influencing and trust building.

Participants on this e-learning programme, will learn how to:

  • Prepare convincing SRM business cases
  • Design an effective governance structure
  • Create and implement a communications plan
  • Engage key stakeholders and supplier executives
  • Develop metrics that drive successful behaviours
  • Encourage positive approaches to change
  • Collaborate with strategic partners
  • Devise appropriate contractual arrangements
  • Track and report SRM benefits
  • Resolve conflicts and issues collaboratively

The SRM Program has the following priced elements, all prices are quoted in US dollars:

Skills Assessment: $150 per person

e-learning program: $750 per person

Certification assessment:

(note that skills assessment is a requirement of certification)

Practitioner - Member Level (intermediate): $150 per person

Expert - Certified Member Level (advanced): $250 person

IACCM membership is an additional $150 per annum per person

Please note that we are able to run the SRM program as an in-house corporate program for your company, with a minimum of 6 participants.

The corporate program is facilitated by means of a bespoke learning portal created for your company. An additional $1500 set up charge applies.

The above per person charges may vary for a corporate program, to enable us to meet your needs for webcast interactions, on site interventions, message board participation. Further details of corporate programs are available on request: pmallory@iaccm.com

______________________________________________________________________________________

 
 

Learning in Companies

 
Why people need to believe you when you say learning really matters.
 
 
<div> <p> Jobs for life no longer exist; learning a living is the "new" future. </p> <p>     Learning a living requires shared interests and trust between individuals and managers. It recognises that support for learning is both valuable and needed. </p> <p>     There are so many, irrefutable reasons to support and encourage individuals learning at work. </p> <p>     Learning requires individuals to be active (this is "real world" practice), yet, the company reality is very often one of mere vague wish lists (the theoretical "policy"). </p> <p>     Learning in companies presents many challenges, key ones being having managers who will actually model, support and encourage learning. </p> <p>     The only competitive advantage a company ever has; is how good its people are at learning. </p> <p>     A company only ever develops and learns and changes through its people, there is no other way. </p> <p>     The overall message is that learning works, but that it has to be practiced better. </p> <p>     Stuart Emmett, Learn & Change Limited </p> <p> <strong>A changed world of "learning a living"</strong> </p> <p> It is no longer valid to speak of "a job for life. <br /> " We now need to change "earning a living" to "learning a living". <br /> The traditional view of earning a living is one of payments and rewards being the prime reason for coming to work. Certainly this is important and provides an encouragement to work for many. <br /> But, it is becoming increasingly important for leaders and managers to ensure their people learn and develop in a partnership approach between the company, managers, and individuals. This then reflects shared interests and trust between people. <br /> This can, represent more a "learning a living" approach. <br /> This can take place within the "traditional" work environment and accepts that support from managers and others is valuable and is needed. <br /> The company, whilst not "guaranteeing" continual employment, now assists with giving "employability" skills. </p> <p> There can be many other reasons why companies might want to support and encourage learning; some of the reasons are: </p> <ul> <li>To stay in business</li> <li>To remain competitive</li> <li>To be a leader in the specific business area</li> <li>To better serve the needs of its customers</li> <li>To increase profitability</li> <li>To be a role model for its suppliers</li> <li>To prevent mistakes</li> <li>To avoid repeating mistakes</li> <li>To benefit from all the knowledge the employees have to contribute</li> <li>To raise the companies collective I.Q.</li> <li>To create a motivating work environment</li> <li>To attract and retain outstanding employees</li> <li>To build on the companies strengths</li> <li>To support the growth and development of its employees</li> <li>To become better at what they do</li> <li>To help its employees learn how to work together more effectively</li> <li>To change the culture of the company</li> </ul> <p> <strong>Company sponsored learning: the reality?</strong> </p> <p> Many companies will have mission or vision statements that say something like the following: </p> <p> <em>"We believe our people are our most important resource".</em> </p> <p> However, the gap between such a mission styles belief and the “on the ground” practice of developing people is so often, a very wide one. This is nothing new; for example, comments at the 1999 Chartered Institute of Personnel and Development (CIPD) Conference noted: "senior managers promoted learning, but, engaged in no personal development themselves". (Source: David Lee, Director of the Professional Development Foundation), </p> <p> Company statements that people are our most important resource and we develop them are just too often a vague wish list and therefore, over time, have no impact whatsoever. <br /> Learning is an active and a varied process; therefore such passive wish- list statements from companies are just meaningless theory. <br /> The gaps between people development theory and the actual practices remain large ones. For many companies, the theory and practice are at odds with each other. </p> <p> The message then to any level of influencing management has to be: </p> <ul> <li> to model learning by being open to learn</li> <li> by demonstrating actual learning</li> </ul> <p> The work environment and the company view of training/ development/learning are therefore critical. They show how a company allows and supports its people to move forward. </p> <p> <strong>Learning within companies</strong> </p> <p> Learning will pay back to companies, far beyond the short-term profit/loss statements. Financials only thinking fails to look beneath the results. But, perhaps this is no surprise if the C.E.O. is from a finance background as the pre-conditioned thinking style is one of, profit; cash, balance sheet, and shareholder return type variables. </p> <p> This type of one sided only thinking misses seeing behind all the people related variables that have the real impact on the "numbers" that goes beyond just the short term. For example, a graduate trainee applies a few focused years of learning over a long period, and the pay back from this learning is over a much longer time scale. </p> <p>   </p> <p> The following "challenges" need to be faced by companies: </p> <ul> <li>Why, do some companies expect only the quick fix from learning?</li> <li>Why, do some companies set a bad example from senior managers who have learnt nothing new for many years?</li> <li>Is it not true that the company that learns and adapts faster, will, ultimately achieve a better and more satisfying business success?</li> <li>Is not true that the only competitive advantage a company ever has; is how good its people are at learning?</li> <li>Do senior business managers want such a competitive advantage?</li> </ul> <p> <strong>Individuals do the learning in Companies</strong> </p> <p> In companies, the managerial elements of planning, organising, directing, and controlling are all overseen and managed by people; therefore it is clear that it is the people that need to learn. It is important to not forget that it is the individual who has to do the learning. <br /> A Company only ever develops and learns and changes through its people. </p> <p> Many people will prefer to work for a company that supports and encourages their learning. This is shown where, <em>"companies developing a strong coaching culture, demonstrate a strong commitment. These companies are rewarded with greater loyalty, involvement and commitment, with in increased motivation, effectiveness and professionalism of both individuals and groups"</em> </p> <p> (Anna Britnor Guest, 1999, in Success Now July-Sept 1999) </p> <p> <strong>Becoming a Learning Company</strong> </p> <p> The following two exercises will help you to take a view of your company policy on learning and developing (and therefore to changing and improving "the way we do things around here"). </p> <p> <strong>(1) Which are true for your Company?</strong> </p> <ul> <li>Learning is integrated into everything people do in this company, as people are encouraged to learn at all times. Learning and development is built into jobs.</li> <li>Learning for learning's sake is encouraged and effort in learning is rewarded.</li> <li>Employees are trusted to choose the learning courses that they need and personal learning plans are reviewed and discussed regularly.</li> <li>People with different job titles from different departments learn together and managers share their own learning experiences openly.</li> <li>We promote mentoring relationships to enhance learning, as we believe that our peoples learning will determine the company future.</li> <li>Learning is integrated into all meetings; all work groups and work processes, when people are encouraged to pass on information and openly give their views.</li> <li>All individuals in the company, regardless of position, have equal access to learning opportunities.</li> <li>We treat mistakes as learning opportunities.</li> <li>We have initiated cross-functional training with rewards for those employees who learn a wider range of job skills.</li> </ul> <p> Were you able to say yes to each of these? </p> <p> If so, were you able to provide real examples? </p> <p> If not, then you have just discovered your company has areas that need developing. </p> <p> <strong>(2) True/false quiz</strong> </p> <p> The following true/false quiz will give you an understanding of how your company responds to the learning needs of employees. </p> <p> Answer the following statements as being True (we do) or False (we do not) for your company </p> <ul> <li>We do/do not work to remove barriers to learning.</li> <li>We do/do not cultivate a "learner friendly" environment.</li> <li>We do/do not understand how adults learn.</li> <li>We do/do not use various tools to assess employees' learning progress.</li> <li>We do/do not plan in specific learning opportunities for our people. We do/do not acknowledge that people learn from experience.</li> <li>We do/do not recognise what type of learning is most appropriate for each situation.</li> <li>We do/do not encourage each employee to become a lifelong learner.</li> <li>We do/do not encourage employees to keep an open mind to learning.</li> <li>We do/do not understand the factors that inhibit learning.</li> <li>We do/do not know how to motivate people to learn.</li> <li>We do/do not spend a minimum of two hours a month on one to one people coaching/mentoring?</li> </ul> <p> Were you able to say, "We do" to all of these? </p> <p> Any "do not" statement represents an area that needs to be developed. </p> <p> <br /> <strong>Learning and therefore Improving Companies</strong> </p> <p> Companies supporting learning will move towards fostering a learning culture. Accepting the need to foster a learning culture means: </p> <ul> <li>understanding and accepting the importance of change</li> <li>being open to learning</li> <li>recognising the importance of continuous improvements</li> </ul> <p> If this is to be achieved, managers must learn to encourage people to challenge the normal and traditional ways of thinking and doing things. A learning company can only ever be one, if it is comprised of individuals who are learning. This includes individuals at all levels throughout the company, from the C.E.O. down. </p> <p> <em>"Businesses must encourage and support all their employees continually to develop their skills and qualifications"</em> </p> <p> (Department of Trade & Industry) </p> <p> <em>"We are in a new age; the age of information and global competition. We have no choice but to prepare for this new age in which the key to success will be the continuous education and development of the human mind and imagination"</em> </p> <p> (Department for Education & Employment) </p> <p> Companies really have no choice but to foster a learning culture. This will mean the company allowing itself to become open to learn. Learning within companies must be encouraged and supported. Learning must not be discouraged and expected to happen "naturally". </p> <p> <strong>This report is based on:</strong> </p> <p> "Improving Learning & for Individuals & Companies," 2002, ISBN 1-90429-831-1 </p> <p> "How to Mentor and Support Learning," 2003, ISBN 1-90429-865-6 </p> <p> “The Learning Toolkit” 2008, ISBN 978-1-852525-620 </p> <p> “The Developing People Toolkit”, 2008, ISBN 978-1-852525-651 </p> <p> All written by Stuart Emmett </p> </div> <p> <br clear="all" /> Stuart Emmett is a freelance independent trainer and consultant who trades under the name of Learn and Change – Stuart believes that in times of change, it is only those who consciously learn, that will inherit, a successful future Stuart has operational and strategic experience in varied commercial service industries - gained in the UK and Nigeria – and is particularly interested in the “people issues” of management processes, as well as logistics and supply-chain management. He has worked on 6 continents, in over 30 countries and delivered to over 50 nationalities. </p>
 
 

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 
 
 

Disclaimer

This newsletter is intended to keep readers abreast of current developments in the field of contract and commercial management. It is not, however, to be used or relied on as a substitute for professional advice. Before acting on any matter in the areas, readers should discuss matters with their own professional advisers.

This site is provided by IACCM on an 'as is' basis. IACCM provides this web site as a service to those people seeking contracting and commercial news and information. IACCM assumes no responsibility for consequences resulting from the use of information on the site or information obtained through links. IACCM will not be liable for any damages of any kind arising out of use, reference to, or reliance on any information contained in the site. IACCM is not responsible for the accuracy or content information contained in the site or in the links provided on its site. Links to and from IACCM do not constitute an endorsement by IACCM of the parties or their products and services.

Copyright

The content in this publication is copyright. Excepted as permitted, no part of this publication may be reproduced by any process, electronic or otherwise, without the specific written permission of the copyright owner.

All content included on this site, such as text, graphics, logos, button icons, images, audio clips and software, is the property of IACCM, or its content suppliers or an identified third party and is protected by international copyright laws. The collection, arrangement and assembly of all content on this site are the exclusive property of IACCM and are also protected by international copyright laws. Any reproduction, modification, distribution, transmission, republication, display or performance, of the content on this site is strictly prohibited.

Use of this site

This site or any portion of this site may not be reproduced, duplicated, copied, sold, resold or otherwise exploited for any commercial purpose that is not expressly permitted by IACCM. Unauthorized attempts to upload information or change information are strictly prohibited and may be punishable under the Computer Fraud and Abuse Act of 1986.

Published by IACCM, 90 Grove Street, Ridgefield, CT 06877, USA www.iaccm.com