Outsourcing Business Pattern
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An Outsourcing Business Pattern is an business pattern that relocates a business function to be performed by some unrelated organization.
- Example(s):
- Crowdsourcing (such as crowdworking).
- Offshoring.
- …
- Counter-Example(s):
- See: Production Costs, Pricing, Contract, Vertical Integration.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Outsourcing Retrieved:2014-6-5.
- In business, outsourcing is the contracting out of a business process to a third-party. The term "outsourcing" became popular in the United States near the turn of the 21st century. Outsourcing sometimes involves transferring employees and assets from one firm to another, but not always. Outsourcing is also used to describe the practice of handing over control of public services to for-profit corporations. [1] Outsourcing includes both foreign and domestic contracting,[2] and sometimes includes offshoring or relocating a business function to another country. [3] Financial savings from lower international labor rates is a big motivation for outsourcing/offshoring.
The opposite of outsourcing is called insourcing, which entails bringing processes handled by third-party firms in-house, and is sometimes accomplished via vertical integration. However, a business can provide a contract service to another business without necessarily insourcing that business process.
- In business, outsourcing is the contracting out of a business process to a third-party. The term "outsourcing" became popular in the United States near the turn of the 21st century. Outsourcing sometimes involves transferring employees and assets from one firm to another, but not always. Outsourcing is also used to describe the practice of handing over control of public services to for-profit corporations. [1] Outsourcing includes both foreign and domestic contracting,[2] and sometimes includes offshoring or relocating a business function to another country. [3] Financial savings from lower international labor rates is a big motivation for outsourcing/offshoring.
- ↑ Jamieson, Dave, "Public Interest Group Challenges Privatization Of Local, State Government Services", The Huffington Post, July 1, 2013. Retrieved 2013-07-01.
- ↑ Hira, Ron, and Anil Hira. Outsourcing America: What's behind Our National Crisis and How We Can Reclaim American Jobs? New York: AMACOM, 2008. Print # 67-96.
- ↑ Davies, Paul. What's This India Business?: Offshoring, Outsourcing, and the Global Services Revolution. London: Nicholas Brealey International, 2004. Print.
- (Waytz & Norton, 2014) ⇒ Adam Waytz, and Michael I Norton. (2014). “Botsourcing and Outsourcing: Robot, British, Chinese, and German Workers Are for Thinking - not Feeling - jobs..” In: Emotion, 14(2).