The Global Outsourcing Medley of the 21st Century
SMC Working Paper Series No. 11/2007
11 Pages Posted: 16 Nov 2008
Date Written: November 1, 2007
Outsourcing is now increasingly used as a competitive weapon in the global economy of the 21st century. We know from the past that globalization, is nothing new. It continues to affect people and businesses in every country of the world, spurred on by the trend in global outsourcing, in which companies are recognizing that expertise can be cost-effectively sourced from clusters around the globe.
With the emergence of innovation at the top of the corporate agenda, we see how the boundaries of outsourcing move closer towards the heart of the company's intrinsic value and closer to its business strategy; raising questions about what makes up the very essence of an enterprise and the potential to gain competitive advantage or the risks of losing it, under the pressure to reduce costs through outsourcing.
Keywords: outsourcing, business value, innovation
JEL Classification: M14, M10, M00
Suggested Citation: Suggested Citation