Strategic Outsourcing Decision Governance

Bharat Vagadia ()

Chapter 8 in Strategic Outsourcing, 2012, pp 101-115 from Springer

Abstract: Abstract The decision making process for outsourcing is not an easy one. The process must not only consider what functions or processes should be outsourced, but also the relationship that must be established to deliver those rewards, whilst containing the risks. Traditionally, organisations sought to move straight to the vendor selection process, rather than systematically considering the most appropriate sourcing and engagement model. One of the fundamental flaws of decision making is that the decision is guided by the heart rather than the head. This chapter examines the decision making process and details the seven deadly sins of strategic decision making.

Keywords: Loss Aversion; Psychological Contract; Business Leader; Strategic Importance; Hindsight Bias (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-642-22209-2_8

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DOI: 10.1007/978-3-642-22209-2_8

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