Understanding Outsourcing: A Theoretical Analysis of its Benefits and Risks to Businesses
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Resources have long been the major concern of modern companies as they can underpin corporate strategic capability as well as create competences to ensure companies' survival and out-performance among their competitors (Johnson and Scholes, 1999). Due to increasingly fierce competition, allocation and utilization of corporate resources have not only been restricted in-house, but also gone beyond the individual company, which is known as outsourcing (Quinn and Hilmer, 1994; Lonsdale and Cox, 2000).
As a new corporate strategy emerging in the 1970s,…
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Understanding Outsourcing: A Theoretical Analysis of
its Benefits and Risks to Businesses
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