Beschreibung Make-or-Buy Decisions: A Transaction Cost Theoretical Approach to the Assessment of Outsourcing Activities. The increasing stress of competition forces companies to tap their full potential to achieve a very high degree of efficiency. In addition, the shortening of product lifecycles increases the pressure to launch new products very quickly and continuously. This leads to a higher degree of uncertainty with regard to the development of sales, and consequently high investment in R&D and production capacity is necessary. In order to counteract the emerging cost pressure, companies have begun to analyse their degree of vertical integration more than ever. This is because it influences the structure and amount of costs as well as the break-even point. Consequently, it can have an immense impact on the success of a business company. That is why those key terms like 'outsourcing' and 'make-or-buy' keep the economists as well as the managers of companies busy. As a result, the degree of vertical integration decreases in many industries. Nevertheless, an increasing tendency to insource production activities seems to go against the general trend to reduce the degree of vertical integration. Decisions concerning the company's degree of vertical integration have to be made carefully on a case by case basis, because as well as financial there are various strategic aspects to be taken into consideration. It is important for companies to find ways in which outsourcing activities can be assessed systematically and consistently in order to prevent costly mistakes. Therefore, the underlying premise of this publication is the question, how a company can ensure that make-or-buy decisions are made in a systematic, comprehensible and objective way that takes all criteria efficiently into account. Consequently, this work aims at presenting important aspects that have to be considered when deciding strategically whether to make or to buy certain goods or services.
(PDF) Strategic decision making model for make or buy ~ Purpose: The aim of this study is to analyse factors that are related to make or buy decisions. Within this research, a tool is created for make or buy decision-making which can be used as a help .
Make, Buy, or Ally: A Transaction Cost Theory Meta ~ Since the publication of Williamson's Markets and Hierarchies, many empirical articles have investigated the tenets of transaction cost theory. Using meta-analytic techniques, we quantitatively synthesized and evaluated transaction cost-based empirical research on organizational boundary (make, buy, or ally) decisions. We found strong support for the theory for both make versus buy and ally .
OUTSOURCING: TRANSACTION COST ECONOMICS AND SUPPLY CHAIN ~ INTRODUCTION. This paper examines interfirm contracting by applying the lens of contract/governance to the make‐or‐buy decision, which is the canonical transaction for transaction cost economics (TCE). 1 1 For recent earlier discussions, see Williamson (2002, 2003). The supply chain management (SCM) literature also focuses on procurement.
Strategic sourcing: Developing a progressive framework for ~ 2.2. Make-or-Buy: Theoretical Approaches As has been done in the past by other researchers like Dibbern, Goles, Hirschheim and Jayatilaka (2004) with their theoretical foundations or Cánez et al. (2000) with their make-or-buy framework, we have summarised the main theories which may influence make-or-buy decisions. In addition to the theories .
Transaction Cost Economics and After: Addressing The New ~ Transaction Cost Economics (TCE) has been the most frequently appropriated theoretical frameworks to study Information Technology Outsourcing (ITO) (Dibbern et al., 2004; Klein, 2002). TCE is a theory specifically addressing make-or-buy decisions and has therefore been viewed as a strong theoretical base for analysing ITO decisions. TCE has enjoyed an abundance of empirical and theoretical .
Transaction Cost Economics / SpringerLink ~ There then follows a discussion, from a transaction cost viewpoint, of the theoretical questions concerning four strategic decisions: (1) make-or-buy decisions; (2) the decisions of internal organizational structures; (3) partnership decisions; and (4) diversification decisions. Finally, there is an exploration of recent theoretical attempts to integrate TCE and capabilities-based theories .
Should we make or buy? An update and review - ScienceDirect ~ The make-or-buy assessment framework presented intends to deal with the trends identified in the literature by capturing relevant approaches considered in make-or-buy decisions. It has as its aim to provide a graphical representation of relevant dimensions which need to be studied when examining make-or-buy decisions. One of the main contributions made by the article consists in the .
Effect of outsourcing strategies on the performance of ~ Outsourcing here is looked at as a “make or buy” decision where the decision maker looks at the cost of carrying out an activity and outsourcing it and goes for the more efficient one. This leads to achievement of customers’ needs thereby attaining customer satisfaction at a lesser cost.
Digital servitization business models in ecosystems: A ~ Since its infancy, the transaction cost approach has been used to develop a theory on make-or-buy decisions and the conditions that determine the emergence of transaction costs (Coase, 1937; Williamson, 1985). While the theory acknowledges opportunism and bounded rationality as important preliminary assumptions, it defines environmental uncertainty, relationship-specific investments, and .
An assessment of the use of Transaction Cost Theory in ~ These characteristics impact the total transaction and production costs attributable to an activity (transaction) and these costs, in turn, determine the governance structure (e.g. outsourcing or internal organization) that is the most efficient for the activity. If the right decision is made based on the transaction characteristics, then the transaction is likely to be conducted in a cost .
Make-Or-Buy Decision Definition - investopedia ~ A make-or-buy decision, much like with outsourcing, means a company must consider whether to buy a product from an outside firm or make it in-house.
The Make-or-Buy Decisions: Lessons from Empirical Studies ~ Journal of Institutional and Theoretical Economics 153: 641-656. Google Scholar. Bindseil, Ulrich and Christian Pfeil. 1999. “Specialization as a Specific Investment into the Market: A Transaction Cost Approach to the Rise of Markets and Towns in Medieval Germany, 800-1200”. Journal of Institutional and Theoretical Economics 155: 738-754. Google Scholar. Boger, Silke, Jill E. Hobbs, and .
Evaluation Models, Approaches, and Designs ~ This approach to evaluation focuses on theoretical rather than methodological issues. The basic idea is to use the “program’s rationale or theory as the basis of an evaluation to understand the program’s development and impact” (Smith, 1994, p. 83). By developing a plausible model of how the program is supposed to work, the evaluator can consider social science theories related to the .
The Outsourcing Handbook A guide to outsourcing ~ approaches to Outsourcing Advisory Services (OAS). 1 Phase 1 – Assess 10 The first phase of the process where requirements are defined and which vendors to engage with are reviewed. 2 Phase 2 – Prepare 16 The second phase of the process where initial vendor selection is undertaken and an RFP produced. 3 Phase 3 – Evaluate 22 The third phase of the process where vendor proposals are .
Mapping the IT Outsourcing Landscape: Review and Future ~ Poppo, L. and Zenger, T. (1998), ‘Testing Alternative Theories of the Firm: Transaction Cost, Knowledge-Based, and Measurement Explanations for Make-or-Buy Decisions in Information Services’, Strategic Management Journal, 19, pp. 853–77. CrossRef Google Scholar
Outsourcing the procurement function: Do actions and ~ Transaction cost economics and the resource-based view in the outsourcing decision TCE is primarily concerned with firm boundaries, defined as whether a particular transaction or activity is conducted within the hierarchy of firm governance, or is outsourced to the market ( Coase, 1937 , Williamson, 1975 , Williamson, 1985 , Brewer et al., 2013 ).
The Outsourcing Decision Matrix: Analyzing the Make-or-Buy ~ The Outsourcing Decision Matrix helps organizations to identify which activities are safe to outsource, and which should stay in-house.
Information systems outsourcing: a survey and analysis of ~ Indeed the field of outsourcing research has grown so fast that there has been scant opportunity for the research community to take a collective breath, and complete a global assessment of research activities to date. This paper seeks to address this need by exploring and synthesizing the academic literature on IS outsourcing. It offers a roadmap of the IS outsourcing literature, highlighting .
Make or Buy - Academic dictionaries and encyclopedias ~ Jäger, C.; Wolke, C., Make-or-Buy Decisions - A Transaction Cost Theoretical Approach to the Assessment of Outsourcing Activities, September 2008, ISBN 3-8370-6459-X; Wikimedia Foundation. Make love – not war ; Makeba; Schlagen Sie auch in anderen Wörterbüchern nach: make-or-buy — ˌmake or ˈbuy adjective MANUFACTURING COMMERCE a make or buy decision involves deciding whether to make a .
Bridging organization theory and supply chain management ~ Transaction cost economics (TCE) offers a natural fit with supply chain management research because it centers on the “make or buy” decision—whether a firm should make a product within the confines of its organizational boundaries or purchase it from an outside provider (Williamson, 1975). The overarching goal is to maximize performance by minimizing transaction costs within and between .
Advantages and Disadvantages of Outsourcing / Smart Church ~ Outsourcing is a business strategy that moves some of an organization’s functions, processes, activities and decision responsibility from within an organization to outside providers. Let’s explore some of the advantages and disadvantages of outsourcing. is done through negotiating contract agreements with a vendor who takes on the responsibility for the production process, people .
Activity-Based Costing (ABC) Definition ~ Activity Dictionary: A list of particular activities that are utilized in activity-based costing (ABC) analysis. The list consists of descriptions of a variety of activities, including a .
Eigenfertigung oder Fremdbezug – Wikipedia ~ A. Brem: Make-or-Buy-Entscheidungen im strategischen Technologiemanagement – Kriterien, Modelle und Entscheidungsfindung. Saarbrücken 2007, ISBN 978-3-8364-1827-0. C. Jäger, C. Wolke: Make-or-Buy Decisions - A Transaction Cost Theoretical Approach to the Assessment of Outsourcing Activities. September 2008, ISBN 978-3-8370-6459-9.
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Transnationale Akteure und Normbildungsnetzwerke - Volume ~ In unserer unfriedlichen, von militärischen Konflikten, ökonomischer Krise, ökologischen Gefährdungen, Arbeitsplatzbedrohung, persönlicher Aggres.