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Outsourcing – A Review for Research and Practical Applications

Received: 4 February 2018     Accepted: 16 February 2018     Published: 19 April 2018
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Abstract

There is an increasing need for firms to have a sustainable competitive advantage and outsourcing is one of the most important strategic tools for firms to gain a competitive edge. On studying the literature, it is identified that there are varied theoretical perspectives of outsourcing, with cost savings not being the sole reason for firms to outsource production. Based on the rich body of available literature, the types of outsourcing, factors influencing outsourcing decisions, the pros and cons of outsourcing and the strategic choices to outsourcing problems have been presented in this paper.

Published in International Journal of Business and Economics Research (Volume 7, Issue 1)
DOI 10.11648/j.ijber.20180701.13
Page(s) 20-24
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Outsourcing, Theoretical Views, Competitive Advantage

References
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Cite This Article
  • APA Style

    Sreedevi R., Tushar Tanwar. (2018). Outsourcing – A Review for Research and Practical Applications. International Journal of Business and Economics Research, 7(1), 20-24. https://doi.org/10.11648/j.ijber.20180701.13

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    ACS Style

    Sreedevi R.; Tushar Tanwar. Outsourcing – A Review for Research and Practical Applications. Int. J. Bus. Econ. Res. 2018, 7(1), 20-24. doi: 10.11648/j.ijber.20180701.13

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    AMA Style

    Sreedevi R., Tushar Tanwar. Outsourcing – A Review for Research and Practical Applications. Int J Bus Econ Res. 2018;7(1):20-24. doi: 10.11648/j.ijber.20180701.13

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  • @article{10.11648/j.ijber.20180701.13,
      author = {Sreedevi R. and Tushar Tanwar},
      title = {Outsourcing – A Review for Research and Practical Applications},
      journal = {International Journal of Business and Economics Research},
      volume = {7},
      number = {1},
      pages = {20-24},
      doi = {10.11648/j.ijber.20180701.13},
      url = {https://doi.org/10.11648/j.ijber.20180701.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20180701.13},
      abstract = {There is an increasing need for firms to have a sustainable competitive advantage and outsourcing is one of the most important strategic tools for firms to gain a competitive edge. On studying the literature, it is identified that there are varied theoretical perspectives of outsourcing, with cost savings not being the sole reason for firms to outsource production. Based on the rich body of available literature, the types of outsourcing, factors influencing outsourcing decisions, the pros and cons of outsourcing and the strategic choices to outsourcing problems have been presented in this paper.},
     year = {2018}
    }
    

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    JF  - International Journal of Business and Economics Research
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    AB  - There is an increasing need for firms to have a sustainable competitive advantage and outsourcing is one of the most important strategic tools for firms to gain a competitive edge. On studying the literature, it is identified that there are varied theoretical perspectives of outsourcing, with cost savings not being the sole reason for firms to outsource production. Based on the rich body of available literature, the types of outsourcing, factors influencing outsourcing decisions, the pros and cons of outsourcing and the strategic choices to outsourcing problems have been presented in this paper.
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Author Information
  • Department of Production and Operations Management, Indian Institute of Management Bangalore, Bengaluru, India

  • Department of Decision Sciences, Indian Institute of Management Bangalore, Bengaluru, India

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