Significance of Strategic Outsourcing in IT Project Management

Outsourcing refers to the concept of delegating certain tasks to an external team. It can be a differentiating factor that can aid an organization gain a competitive advantage. Consultants can bring valuable experience on domain knowledge, interdisciplinary applications, and benefits from economies of scale. From ensuring effective use of resources to venturing into uncharted sectors, outsourcing can have a myriad of benefits for a project team. Similar to most business processes, there is an inherent trade-off that needs to be made when outsourcing. Risk management protocols are required when outsourcing, to balance execution control and collaborate effectively. Within the scope of IT projects, this research aims to survey the various methods of strategic outsourcing and the contexts in which they operate. Further sections attempt to analyze case studies based on the aforementioned aspects. Based on the available literature, the research consolidates best practices in outsourcing and presents recommendations on aligning them with project goals. Finally, the potential concerns that need to be addressed when trying to outsource activities are presented. Therefore, the research to be done within this analysis will look to dissect existing literature to assess current outsourcing practices. Additionally, the research will look for reasons why outsourcing was/is not as successful as it could be, as well as evaluate how outsourcing in IT has changed with the occurrence of the COVID-19 pandemic.

Significance of Strategic Outsourcing in IT Project Management

Outsourcing refers to the concept of delegating certain tasks to an external team. It can be a differentiating factor that can aid an organization gain a competitive advantage. Consultants can bring valuable experience on domain knowledge, interdisciplinary applications, and benefits from economies of scale. From ensuring effective use of resources to venturing into uncharted sectors, outsourcing can have a myriad of benefits for a project team. Similar to most business processes, there is an inherent trade-off that needs to be made when outsourcing. Risk management protocols are required when outsourcing, to balance execution control and collaborate effectively. Within the scope of IT projects, this research aims to survey the various methods of strategic outsourcing and the contexts in which they operate. Further sections attempt to analyze case studies based on the aforementioned aspects. Based on the available literature, the research consolidates best practices in outsourcing and presents recommendations on aligning them with project goals. Finally, the potential concerns that need to be addressed when trying to outsource activities are presented. Therefore, the research to be done within this analysis will look to dissect existing literature to assess current outsourcing practices. Additionally, the research will look for reasons why outsourcing was/is not as successful as it could be, as well as evaluate how outsourcing in IT has changed with the occurrence of the COVID-19 pandemic.

Strategic Outsourcing and Corporate Performance in Nigerian Banking Industry

This study examined strategic outsourcing and corporate performance of commercial banks in Nigeria. The decision to outsource is driven by the perception of management on how organization can achieve corporate effectiveness and efficiency with outsourcing strategy. This study specifically focused on two objectives; to investigate the relationship between strategic outsourcing and corporate performance and to ascertain the correlation between recruitment outsourcing and corporate performance. The study used a total number of twenty two (22) commercial banks listed in the Nigerian Stock Exchange (NSE) as at 31st January 2021 in its study. Primary data were collected from the population of the study with the aid of structured questionnaire and data were analyzed through descriptive statistics and the two hypotheses formulated were tested by Pearson Product Moment Correlation (PPMC) with the use of Statistical Package for Social Science (SPSS). The results of the study revealed a significant positive relationship between strategic outsourcing and corporate performance and a significant positive relationship between recruitment outsourcing and corporate performance. The study concluded that strategic outsourcing and recruitment outsourcing have positive relationship with corporate performance. The study, therefore, recommends that corporate organizations that want to achieve significant performance in their operations should outsource some of their activities that are outside its core competence.

Strategic Outsourcing under Economies of Scale

Strategic Outsourcing under Economies of Scale

The Ludo Mix and the Loss of In-Game Narrative: A Case Study of the Final Fantasy XV Universe

Employing the Final Fantasy XV Universe as a case study, this article examines how the changing climate of game development, in tandem with established media mix strategies, contributes to the emergence of the ludo mix as media ecology. Through a comparative analysis of the climate of modern game development and the adoption of media mix strategies, the case is made that these two distinct phenomena intersect to create novel challenges and incentives for a particular kind of game development. This has resulted in the strategic outsourcing of Final Fantasy XV’s in-game narrative to outside the ludic sphere, and negatively affected the game’s critical reception. These findings posit challenges and opportunities for the future of the ludo mix, noting that the evolving technological, aesthetic, and economic climate of game development continues further down the same path, while simultaneously advocating for the ludo mix as a framework for better understanding the disproportionate load imposed on media via transmedia collaborations.

Effect of Strategic Outsourcing Approaches on The Performance of Manufacturing Companies Listed at The Nairobi Security Exchange, Kenya

Purpose: This study sought to establish the effect of strategic outsourcing approaches on the performance of manufacturing.Methodology: A descriptive survey design was adopted, informed by the relatively small population of the listed manufacturing and allied companies, which doubled as the target population of the study. A structured and closed- ended questionnaire was used to collect primary data, administered by drop and pick a method. Total of (72) strategic managers drawn from the nine manufacturing firms were involved in the study. Data collected was quantitatively scrutinized based on research objectives and presented in form of tables and charts for interpretation. The data was then be analyzed through descriptive and inferential statistics supported by the statistical package for social sciences (SPSS), version 22. Regression analysis was done to ascertain the effect of strategic outsourcing approaches on performance. The response rate of the study was 92%.Results and conclusion: The findings of the study showed that strategic professional outsourcing, strategic manufacturing outsourcing, strategic business process outsourcing and strategic project outsourcing have a positive relationship with performance of performance of the manufacturing companies listed at the Nairobi Security Exchange. The results of the regression analysis revealed there is a significant positive relationship between the dependent variable and the independent variable. The independent variables reported R-value of .805 indicating that there is a perfect relationship between a dependent variable and independent variables. R square value of 0.647 means that 64.7% of the corresponding variation in performance of manufacturing companies listed at the Nairobi Security Exchange can be explained or predicted by (strategic professional outsourcing, strategic manufacturing outsourcing, strategic business process outsourcing and strategic project outsourcing) which indicated that the model fitted the study data. The results of the regression analysis revealed that there was a significant positive relationship between the dependent variable and independent variable at (β = 0.647), p=0.000 <0.05).Unique contribution to theory, practice and policy: Finally, the study commends that manufacturing companies listed at the Nairobi Security Exchange embrace the various strategic outsourcing approaches as a way to improve their performance. Equally, the study recommends similar studies be carried out in other industries across the country and in abroad to ascertain if the same results can be obtained and generalized.

study of the Impact оf strategic Outsourcing оn the Interacting Market in Entrepreneurial Training and Human Capital Development

Due to the rapid development of digital technology, the structure of future jobs is becoming increasingly complex, and university graduates need to acquire the right combination of skills to succeed in a rapidly changing world. The need for continuous replenishment and updating of professional knowledge is determined by the pace of scientific and technological progress, the transition to the information stage of the development of society, and the widespread use of innovative technologies. There are prerequisites for the formation and development of the category of “strategic outsourcing”. Unlike the services of the service, which have a one-time, episodic nature, strategic outsourcing is usually transferred to the functions of professional support for the uninterrupted operation of individual systems and infrastructure based on a long-term contract. Strategic outsourcing allows not only to restructure business processes radically but also significantly improve opportunities and prospects. The purpose of this study is to study the concept of outsourcing in entrepreneurial training and the development of human capital.