Stewardship: Extended enterprises
A new model for risk transformation
The document gives an overview of a new model, which describes that the role of the public sector organization has transformed from direct service provider to leader and manager utilizing outsourcing and other forms of agreements to extend capabilities.
Current environment: New model for delivering public services
In the wake of the deep austerity facing many public sector organizations around the world, leaders are challenged with increased scrutiny over the public money they collect and spend and expectations to “do more with less.” Public services have traditionally been delivered through hierarchical public sector organizations’ bureaucracies. But these days, that vertically integrated model is giving way to a horizontal approach involving a complex blend of federal, state, and local governments—along with increased outsourcing involving private businesses, third-party contractors, and non-profit institutions. In this new model, the role of the public sector organization has transformed from direct service provider to leader and manager utilizing outsourcing and other forms of agreements to extend capabilities.
Contract Risk & Compliance services
In today's business world, organizations rarely go it alone. They increasingly rely on outsourcing, licensing, alliances, and other business partnerships to meet their objectives. These complex relationships are governed by financial and legal agreements that are often poorly monitored.