Authors: Mohammad Ikbal Hossain, Tanzina Sultana, Waheda Zabeen, Alexander Fosu Sarpong

Published on: May 06, 2024

Impact Score: 7.8

Arxiv code: Arxiv:2405.01544

Summary

• What is new: The report introduces the concept of transformational outsourcing as a strategic approach beyond traditional cost-saving measures, aiming for innovation and organizational change.
• Why this is important: Organizations face challenges in achieving strategic growth, competitive advantage, and maintaining focus on core competencies while managing costs.
• What the research proposes: Transition to transformational outsourcing, where companies partner with service providers not only for routine tasks but also to drive innovation and substantial organizational change.
• Results: Adopting this approach can lead to enhanced efficiency, access to global talent, scalability advantages, while also presenting potential challenges related to quality control and data security.

Technical Details

Technological frameworks used: nan

Models used: nan

Data used: nan

Potential Impact

IT consulting and outsourcing markets, traditional IT service companies, and businesses looking for growth through innovation might be disrupted or benefit.

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