It Is Not Reasonable to Expect an Outsourcing Service Provider

question 14

True/False

It is not reasonable to expect an outsourcing service provider to understand and satisfy all the needs of the organization without active management.

Acknowledge the client’s role and the importance of their project management understanding.

Realize the importance of problem-solving in the early stages of a project.

Appreciate the value of celebrating achievements and its impact on stakeholders.

Understand the ethical considerations in the client-project manager relationship.

---

Definitions:

Bertrand Model

An economic model of competition among firms, where firms choose prices rather than quantities to compete.

Collude

The act of cooperating or conspiring, especially between competitors, to achieve a mutual benefit such as setting prices.

Bertrand Duopoly

An economic model describing interactions between two companies that compete by setting prices rather than the quantity of output.

Joint Profit

The combined profit earned by two or more firms when they cooperate or work together in a venture.