Many large scale companies take advantage of the internet boom

They provide cable, satellite TV, wireless and broadband services. Instead, these networks use technology from existing LTE Advanced networks. The company successfully trialed 5G in 11 residential markets in and plans to commercially launch 5G in three to five markets in

Many large scale companies take advantage of the internet boom

Since the Industrial Revolution, companies have grappled with how they can exploit their competitive advantage to increase their markets and their profits. In the s and s, the rallying cry was diversification to broaden corporate bases and take advantage of economies of scale.

By diversifying, companies expected to protect profits, even though expansion required multiple layers of management. Subsequently, organizations attempting to compete globally in the s and s were handicapped by a lack of agility that resulted from bloated management structures.

To increase their flexibility and creativity, many large companies developed a new strategy of focusing on their core business, which required identifying critical processes and deciding which could be outsourced. Initial stages of evolution Outsourcing was not formally identified as a business strategy until Mullin, However, most organizations were not totally self-sufficient; they outsourced those functions for which they had no competency internally.

Publishers, for example, have often purchased composition, printing, and fulfillment services. The use of external suppliers for these essential but ancillary services might be termed the baseline stage in the evolution of outsourcing.

Outsourcing support services is the next stage. In the s, as organizations began to focus more on cost-saving measures, they started to outsource those functions necessary to run a company but not related specifically to the core business.

Outsourcing components to affect cost savings in key functions is yet another stage as managers seek to improve their finances. Strategic partnerships The current stage in the evolution of outsourcing is the development of strategic partnerships.

Until recently it had been axiomatic that no organization would outsource core competencies, those functions that give the company a strategic advantage or make it unique.

Often a core competency is also defined as any function that gets close to customers.

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In the s, outsourcing some core functions may be good strategy, not anathema. For example, some organizations outsource customer service, precisely because it is so important. They were quickly followed by dozens of major corporations whose managers had determined it was not necessary to own the technology to get access to information they needed.

The focus today is less on ownership and more on developing strategic partnerships to bring about enhanced results. Consequently, organizations are likely to select outsourcing more on the basis of who can deliver more effective results for a specific function than on whether the function is core or commodity.

Many large scale companies take advantage of the internet boom

Companies have always hired contractors for particular types of work, or to level-off peaks and troughs in their workload, and have formed long-term relationships with firms whose capabilities complement or supplement their own.

Why do companies outsource Here are some common reasons: Reduce and control operating costs Improve host company focus Gain access to world-class capabilities Free internal resources for other purposes A function is time-consuming to manage or is out of control Insufficient resources are available internally Share risks with a partner company In earlier periods, cost or headcount reduction were the most common reasons to outsource.

Main factors influencing successful outsourcing The critical areas for a successful outsourcing program as identified are:Obamacare – a road map to collapse the economy and control the population.

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