Public-Private Stewardship: Achieving Value-for-Money in Public-Private Partnerships

Description

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). 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