Strategic Outsourcing Directions: Examples of Good Practice

Lyudmila Mihaylova () and Emil Papazov ()
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Lyudmila Mihaylova: "Angel Kanchev" University of Ruse
Emil Papazov: University of National and World Economy, Sofia

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2018, vol. 7, issue 3, 101-108

Abstract: One of the main goals of an outsourcing strategy is to transform business organizations into entities that are highly flexible and adaptive to the changing business environment. This can be achieved by concentrating on the core business, as well as by entrusting tasks, activities or even whole functions to other specialized external companies. The article aims at analyzing of good practices concerning the implementation of outsourcing as a strategic tool in industrial enterprises, bearing in mind its three main directions: the business process, the information technology, and the knowledge process outsourcing. Due to outsourcing activities, organizations can benefit from lower investment risk, improved revenue structure and lower fixed costs.

Keywords: industrial enterprises; outsourcing; strategic decisions; good practices (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2018
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