This book offers a defense acquisition perspective that provides action orientations and decision making to increase the value-for-money (VFM) of public-private partnerships (PPPs) through public-private stewardship (PPS). The differing motives of the public and the private sector are not conducive to partnership that leads to optimal outcomes. PPS is offered to practitioners and academics as a solution to failures of PPPs by following the public stewardship tenets of fiduciary responsibility and advancing the public interest while factoring in the additional elements of the private sector. The public values of transparency, accountability, responsibility, responsiveness, efficiency, effectiveness, equity, diversity, inclusion, fairness, and security, among others, can be shared in success between the public and private partners. By establishing shared values aligning with each stakeholder’s measures for success, it is possible to devise value propositions for stakeholder decision making that supports inter-organizational strategy, operations, tactics, goals, and objectives. PPS practices can further ensue as the public-private steward utilizes tools of expertise and organizational capacity. The book provides seven portraits of practitioners in the practice of PPS to assist PPP stakeholders achieve VFM. PPS is illustrated using examples in the Department of Navy (DON) and Department of Defense (DOD).
Author(s): Joshua M. Steinfeld
Publisher: Palgrave Pivot
Year: 2023
Language: English
Pages: 178
City: Cham
Contents
1 Introduction
Connecting Public–Private Stewardship to Value-For-Money
Seven Portraits of Stewardship to Achieve Value-For-Money
Department of Defense (DOD) Procurement and Contracting as Exemplars
Overview of Chapters
References
2 Leadership as Stewardship
Expertise and Curiosity
Expertise and Curiosity as a Conduit
Leadership in Contracting and Partnering to Stewardship
From Expertise and Curiosity to Leadership and Stewardship
Linking Expertise to Leadership
Gathering and Understanding a Model of Leadership for Stewardship
Institutionalizing and Practicing Leadership as Stewardship
References
3 Political Actor for Political Settlement
Establishing Business Norms
Addressing the High Costs of Acquisition
Improving Performance and Return on Investment in Cybersecurity
Engineering for Values Using the Procurement Function
Politicizing Procurement for Value Sharing
From Shared Values to PPS Practice
Gathering Stakeholder Buy-In
References
4 The Catalyst of the Public Interest
Key Stakeholders and Standardization as a Tool
Facilitating the Public Interest Among Actors
Complex Requirements in Public–Private Stewardship
Consolidation and Competition
The Publicness of the Catalyst
Setting the Scenario for the Catalyst to Act
Combining Expertise, Management, and Leadership to Practice Stewardship
References
5 Implementation through Communication
Bridging the Public Policy Structure and Implementation
Communication Channels and Means of Authority
Communication Channels and Feedback Within the Organization
Generating Value from Acquisition Planning
Communication Routes for Public–Private Stewardship Practices
Public Stewardship of the Private Partner as Public–Private Stewardship
Basic Contracting Tools for Public–Private Stewardship Practices: Contract Pricing Types
Basic Contracting Tools for PPS Practices: Solicitation Type and Source Selection Type
References
6 Transparent Engagement across Organization
Transparency and Contract Management Decision Making
Transparency Through Market Research
Transparency to Improve Partnering for the Achievement of Value-For-Money
Transparency and Public Values Decision Making
Overcoming Trade-Offs and Obstacles
References
7 Progress from Learning and Adaptation
The Practitioner-Researcher as a Form of Learning and Adaptation
Linking Training and Adaptation
Lessons Learned in Contract Auditing and Contract Closeout
References
8 Stewardship Theory over Agency Theory
Agency Theory and Stewardship Theory in Contracting-Out
Decision Making in Stewardship Theory and Agency Theory
VFM in Stewardship Theory and Agency Theory
Linking New Public Management to Public–Private Stewardship
Deriving Public–Private Stewardship from New Public Service
References
9 Applying and Implementing Public–Private Stewardship
Describing How Each Factor Can Drive Value
Driving Value for a Project
Driving Value for a Department or Organization Considering Mission and Goals
Trade-Offs Between the Chosen Factors
Identify Contract Management Tactics Using Tools and Techniques
Identify the Positive and Negative Effects on Stakeholders
Management Strategy at the Senior Executive-Level
Reconceptualizing Values and New Value Drivers
Contribution and Detraction from Strategic Alignment and Tactical Alignment
References
10 Conclusion
Professionalism and PPS
Professional Commitment and Self-Reflection
Areas for Future Research
References
Bibliography
Index
