Business, Management and Accounting
5 years ago

Unlocking Success: How to Make Outsourcing Decisions with Confidence

Advances in finance, accounting, and economics book series
Transaction Cost Approach to the Outsourcing Decision Problem
Dilek Erdoğan

Paper Summary

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Outsourcing is a popular tool for managers, but deciding whether to outsource can be tricky. This study looks at the outsourcing decision through the lens of transaction cost economics. It explains what outsourcing is, how transaction characteristics and behavioral assumptions affect costs, and discusses key issues like safeguarding against supplier misconduct and evaluating performance.