How to Manage Vendors: Getting the Best Results

The video discusses effective vendor management, emphasizing the importance of building collaborative relationships rather than adversarial ones. It highlights a project management philosophy that focuses on addressing issues rather than assigning blame. The speaker suggests setting incentives for teamwork and collaboration to achieve better project outcomes.

What mindset should be avoided when managing vendors to prevent constant competition?

• Adversarial mindset

• Neutral mindset

• Flexible mindset

• Collaborative mindset

According to the speaker, what is more important than assigning blame in project management?

• Setting strict deadlines

• Documenting every detail

• Focusing on the issues

• Identifying the responsible party

What should team members be encouraged to do when a problem arises?

• Wait for instructions

• Ignore the issue

• Discuss and resolve it together

• Blame the responsible party

What is the best way to ensure success among contractors and team members?

• Set individual goals

• Encourage competition

• Set incentives for collaboration

• Focus on penalties

What does the quote from the film Papillon suggest about blame?

• Blame is a sign of weakness

• Blame is essential for accountability

• Blame is for God and small children

• Blame should be avoided at all costs