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M3 Part A Business Model Innovations (Offshoring & Outsourcing p.170…
M3 Part A Business Model Innovations
Offshoring & Outsourcing p.170
Outsourcing
Moving part of the value chain outside of the organisation
Insourcing
Bringing tasks back
Offshoring
Shifting work to a foreign country
Near shoring
Offshoring to a close country
Captive offshoring & In-house offshoring
send functions to their own offices overseas
Outsource offshoring
External 3rd party takes over task in foreign country
Reshoring
Bringing offshore work back
Drivers of Offshoring
Automation
Disaggregation
Consolidation
Commercialisation
Relocation
Implementation p.174
Product and Service Innovation p. 182
Free & Freemium
Subscription
Dynamic Pricing
Customer Experience Innovation p.184
On demand model
creates value by providing a prod/service as and when the customer wants it
Platform Economy
Transactions and interactions are facilitated on those online networks
Online marketplace
Connects sellers and buyers on common platform
Crowdsourcing p.177
harnessing contributions from participants on a digital platform
Cloud computing p. 179
Outsourced provision of computer applications and services by a centralised internet-based service provider
Infrastructure as a Service IaaS
allowing the user to develop their own application to run on the cloud platform
Platform as a Service PaaS
Provision of software and data storage
Software as a Service SaaS
Provision of virtual machines, storage, servers and networking components to use own software
Virtual Enterprise p.181
Bringing together the competencies of separate firms or individuals to provide a better service than one could have alone
Contractors, Freelancers and Gig Work p.181
Short-term, often low value work under a contract arrangement
Types of workers
primarily rely on gig economy
part time or occasional job
utilise it to supplement their earnings from other sources