Selective sourcing

Many companies are outsourcing their IT departments to have more focus on their core competency. However, having a small IT dept. is not so expensive but they prefer to omit the risk of an additional department in their business by outsourcing that to an expert company. This kind of outsourcing has been named selective sourcing and many companies are implementing such outsourcing strategies for different departments of their firm.

Selective sourcing provide a dynamic business atmosphere, where the most updated infrastructures and software are available for the firm for the tasks which are not their core competency.

outsourcing and expectation management

Business success relies on decision making process, and one of the most important decision making processes is choosing an outsourcing partner. Outsourcing is happening in almost all companies such as manufacturing companies, financial and fiduciary companies. During an outsourcing contract there are too many unknowns which we cannot control all of them, and, as we discussed in panels, one of the keys to have a right decision is expectation management. However, expectation management brings reality into the contact but we should not lower our expectation too much that affect the business process.
Then there should be a balance between expectation and reality in an outsourcing contract.

Crowdsourcing

The great source of unemployed educated people, who are looking forward to making money is becoming a hot trend in e-business field. Many companies are trying to coordinate their high volume transaction processes through this new kind of outsourcing. For example, there are many people in internet who know two languages and many companies can translate their documents by using this great source of translators. Appearance of Facebook, Twitter, and Google search make this task much easier and people and companies can find each other much easier. Sharing a request for an specific application by a company and getting the best result with minimum payment in the minimum time, is one of the biggest advantage of this new trend.

Thanks for hearing,