Insourcing: A Game-Changer in Combatting Negative Effects of Outsourcing.
The article discusses the negative effects of outsourcing and introduces the concept of insourcing as a solution. It explores the reasons behind decisions to outsource or insource based on efficiency theories. Transaction cost economics focuses on the costs and risks involved in outsourcing, while the resource-based theory highlights the importance of unique resources for competitive advantage. Overall, the research suggests that insourcing can be a beneficial alternative to outsourcing in certain situations.