Foundations of Contracts and Outsourcing

This course is appropriate for both newbies to the field and experienced professionals who need to improve key abilities in contract management, outsourcing, and vendor relationships. It teaches students the fundamentals of economic and psychological theories that explain how buyers and sellers manage relationships to produce scale economies and expedite company operations.

The advantages of outsourcing are explained in the course as a combination of decision-making, heuristics, imperfect contracts, relationships, and trust. You'll put yourself in the BPO vendor's shoes to learn about their business goals and risk-mitigation strategies used in various sorts of contracts. Behavioral Economics would be used to describe the human side of service delivery, which is an elegant blend of psychological, cognitive, emotional, and cultural factors.

This course will give you a tale of corporate requirements, relational norms, and mutual dependency in the current world of opportunism and irrationality using Rational Choice Theory, Bounded Rationality, Transactional Cost Theory, Agency Theory, and Incomplete Contracts.

This course offers:

• Flexible deadlines: Reset deadlines in accordance to your schedule.
• Certificate: Earn a Certificate upon completion
• 100% online
• Beginner Level
• Approx. 24 hours to complete
• Subtitles: English
  
  

Udemy Rating: 4.6/5

Enroll here: https://www.udemy.com/course/an-introduction-to-behavioral-economics-and-contracts/