Outsourcing Strategies Can Offer Such Advantages as

question 107

Multiple Choice

Outsourcing strategies can offer such advantages as

• A)increasing a company's ability to strongly differentiate its product and be successful with either a broad differentiation strategy or a focused differentiation strategy.
• B)obtaining higher quality and/or cheaper components or services, improving a company's ability to innovate, and reducing its risk exposure.
• C)speeding a company's entry into foreign markets.
• D)permitting greater use of strategic alliances and collaborative partnerships.
• E)giving a firm more direct control over the costs of value chain activities.

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Definitions:

Feedback

Information or reactions about a process or activity that is used as a basis for improvement.

Revise Plans

The process of reviewing and updating strategic, operational, or project plans based on new information or changes in circumstances.

Lean Business Model

A strategic approach to running a company that emphasizes creating more value for customers with fewer resources.

Elimination Of Waste

The process of identifying and removing unnecessary processes, materials, and activities to improve efficiency.