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Outsourcing vs. Incorporating vs. Managed Operations

OUTSOURCING VS. 12" INCORPORATING VS. MANAGED OPERATIONS: MONDAY WHAT'S THE DIFFERENCE? Managed Operations Outsourcing Incorporating Business Setup Hybrid outsourcing model where full control is retained over offshore operations in the Philip- pines while leveraging a provider's infrastructure, support services, and local expertise. Business process ser- vices are outsourced or Foreign companies can incorporate a subsidiary in the Philippines. delegated to third party service providers. Launch will be quick as the provider will already have the resources in Incorporation and the establishment of a solid Preparations and devel- opment for the launch is quick. place to get operations started. governance and manage- ment organization will take time. Costs Long-term operational costs due to higher margins for the provider. High startup costs and moderate long-term Low startup costs and low long-term maintenance costs. costs. Operational Control and Flexibility You have full control. Operational decisions are delegated. Operations are co-man- aged together with your provider, but you retain full operational control. High operational flexibility but low operational Low operational flexibili- ty but high operational control. High operational flexibility and high operational control. control. Client and Employee Resistance High client and employee resistance. Moderate client and Moderate client and employee resistance. employee resistance. Talent Acquisition and Hiring Talent is acquired by the third-party provider and retained within their company. Hiring and firing decisions are made by the provider. Talents acquisition and hiring is the sole respon- sibility of your company. The provider recruits and assists in performance management but hiring and performance man- agement decisions are made by your company. Tools and Assets Complete tools, assets, and workflow systems are readily available but typically dictated by your provider. Full control over which Full control over which tools, assets, and sys- tools, assets, and sys- tems to obtain and use. tems to obtain and use. MicroSOURCING https://www.microsourcing.com/blog Sources: thebalance.com/top-outsourcing-advantages-2533765 aseanbriefing.com/news/2017/04/17/business-process-outsourcing-philippines.html cmo.com.au/brand-post/content/583019/offshore-evolved-five-reasons-managed-operations-are-the-new-outsourcing/ hbr.org/1995/05/it-outsourcing-maximize-flexibility-and-control microsourcing.com/services/ownership-options.asp microsourcing.com.au/benefits-business.asp microsourcing.com/services/how-it-works.asp

Outsourcing vs. Incorporating vs. Managed Operations

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Companies looking to grow their business can outsource a function of their company, build their corporation, or partner with a BPO company for hybrid outsourcing services. This infographic explains th...

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