Competuition: Teach Competition to Your Procurement Process
- Topics:
- Competitive Strategy
- Tags:
- Business Ethics,
- Business Operations,
- Leadership,
- Management,
- Procurement,
- Purchasing & Procurement,
- Technology Evaluation Centers
- Source:
- Technology Evaluation Centers
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Overview: Ethics dictates that business be conducted with integrity, fairness, and openness, which require open communication within and among both buying and supplying organizations, and thereby give any organization a chance to compete for contracts and win. It seems like a week does not go by without one hearing a story demonstrating lapses in business ethics stories, where lucky contract winners share close friends in strategic places, as was the case of Halliburton, which was awarded billions in federal no-bid contracts during the years when Dick Cheney was its Chief Executive Officer (CEO). Recognizing this longstanding problem, the US government launched the Federal Acquisition Regulation (FAR) more than twenty years ago, to help federal agencies manage procurement more efficiently.
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Format: HTML | Date: Jun 2006
