Strategic Outsourcing (FM0022)

Winning in business is about making smart decisions. When do you invest in building an internal organization and when do you strategically outsource? When do you allocate resources for operations and when do you choose to buy services from someone else? Correctly answering these questions has a dramatic impact on short and long-term profitability. Discover when to leverage your core competencies that provide unique value to your customers versus when to strategically outsource an activity which has neither a critical strategic need nor special capability for your organization. Perhaps the greatest leverage of all is the full utilization of external suppliers' investments, innovations, and specialized professional capabilities that would be prohibitively expensive or even impossible to duplicate internally.

Valuable Takeaways You Can Apply Immediately...

You will:

• Examine the advantages and disadvantages of outsourcing in today's business world
• Determine their organization's "core competencies" and consider which ones should be excluded from outsourcing
• Evaluate each function within their organization to decide which functions could be outsourced or kept "in-house"
• Assess different outsourcing models and select the model that is best applies to their organization
• Successfully handle the challenges inherent in strategic outsourcing
• Explore offshore outsourcing and determine how to project return-on-investment from an outsourcing system
• Weigh the ethical concerns involved with outsourcing to make informed outsourcing decision