Outsourcing Strategies of Established Firms and Sustainable Competitiveness: Medical Device Firms
| Autor: | Joon Young Park, Byung-Joo Paek, Heesang Lee, Joohyun Kim |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Process (engineering)
Geography Planning and Development TJ807-830 Management Monitoring Policy and Law medical device industry TD194-195 Renewable energy sources Outsourcing InformationSystems_GENERAL 0502 economics and business established firms GE1-350 Industrial organization Flexibility (engineering) ComputingMilieux_THECOMPUTINGPROFESSION Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry 05 social sciences outsourcing strategy Virtuous circle and vicious circle sustainable competitiveness Environmental sciences Conceptual framework Enabling Key (cryptography) 050211 marketing Business Dynamic capabilities dynamic capabilities 050203 business & management |
| Zdroj: | Sustainability, Vol 11, Iss 17, p 4550 (2019) Sustainability Volume 11 Issue 17 |
| ISSN: | 2071-1050 |
| Popis: | Successful outsourcing strategy is a key enabler of sustainable competitiveness of established firms engaged in technology-intensive business. This study proposes a research framework of a successful outsourcing process composed of resources, dynamic capabilities and created values, from a review of relevant literature and in-depth case study of four leading medical device firms. The research results specify four outsourcing types according to the characteristics of outsourced resources, and their alignment with resources owned by the outsourcer. Each type of outsourcing is positively affected by the outsourcer&rsquo s dynamic capabilities, namely sensing, integrating capability, absorptive capability and technology transfer capability. In addition, the significance of the outsourcee&rsquo s size according to each outsourcing type is also found. As a result of successful outsourcing experience, the outsourcer can reap the benefits of enhanced dynamic capabilities, i.e., market-oriented innovation, strategic flexibility, agility and increased efficiency, thereby creating a virtuous cycle of sustainable competitiveness in a volatile environment. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|