OUTSOURCING STRATEGY: A RECENT LITERATURE REVIEW AND MODEL UPDATE
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Title: OUTSOURCING STRATEGY: A RECENT LITERATURE REVIEW AND MODEL UPDATE

Essay Details:

Subject: Business
Author: Katy R
Date: May 20, 2012
Level: University
Grade: A
Length: 17 / 4807

Essay text:

A recent study shows that 80% of companies that outsource their customer based functions are failing to meet their cost savings targets. Usually companies fail to budget hidden outsourcing costs such as customer dissatisfaction that can eventually jeopardize the future of the firm. In this paper I reviewed the most current literature on outsourcing and built a model that includes the principal four factors influencing the success of outsourcing strategies: the firm's Comparative Advantage, Employees, Suppliers and Customers. Outsourcing Strategy: A Recent Literature Review and Model Update Introduction Every year in the United States, companies pay about $68 billion to other companies for key services or products that help them focus on their core business and delegate other functions (Thurm, 2007)...

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