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Insourcing Outsourcing Grows Up
Written by: Jim AdamsArticle Overview: 1. What is Insourcing 2. Why are companies doing this 3. How can I participate
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Free Download - Canada’s Global Face - New Market Opportunities at Home By Jim Adams |
Insourcing Outsourcing Grows Up
Insourcing Defined
Insourcing is when Company B entirely takes
over a complete process in Company A and
fully integrates its staff and processes into
that of Company A so that no one knows the
difference.
Why Insourcing
From the Insourcee’s perspective (service
recipient) it allows them to focus on doing
what they do best. Insourcing ensures that
qualified companies are keyed right into the
process in a way that keeps costs in line and
doesn’t slow down processing. Insurance companies
can focus on managing risk and increase
investment returns if they have CGI focus on
collecting and processing insurance claims and
new policy data.
From the Insourcer’s perspective (service provider
) it allows them to provide an addedvalue
service that they can charge more for.
UPS gets more money per transaction for computer
repairs than for delivering packages. As
well if you are providing a fully-integrated
service for a company, it is less likely to change service providers. Increase Revenue +
Consistent Revenue = Big Financial Advantage.
How can I participate
You have to do a serious analysis of your client
base.
1. Review the services you provide for them.
2. Understand what their real strengths are
and what can you do to help them focus on
those strengths.
3. What do you need to charge to make it
worth your while?
4. What is the client size that best suits your
company
You also have to look at your operations and
see if you can actually integrate your operations
into someone else’s. Remember that
your business has to look, think and operate
like their business. Then multiple that by 10
times and you’ll understand the investment
necessary to make this happen.
Global Partners
The Venture Catalysts have spent the
last six months developing an international
network of affiliates to assist our
clients in expanding overseas:
Oriel Partners—Brazil/Technology opportunities
in South America
Collabrant Asia—India/Retailing
Linkmen Corporate Strategies—Hong
Kong/Investment opportunities in China
Client News
Talk VoIP Canada provides Voice over Internet
Protocol phone services. The Venture Catalysts
is helping the company to establish its
sales agent program.
B Commerce is an innovative barter exchange
based in Toronto. The Venture Catalysts is
assisting their Canadian expansion through
strategic planning and the development of a
national franchise program.
Molyslip Canada helps Canadians save upwards
of 8-10% on their vehicle fuel bills with proven
fuel additives plus a wide range of friction reduction
products. The Venture Catalysts is developing
a marketing and sales strategy; to increase
their presence and sales across Canada.
TCS-NA provides engineers with high quality
thermocouple connectors. Based in Toronto it
is developing, with the help of the Venture
Catalysts, a strong marketing and sales
program in the Western Hemisphere.
Toronto Independent High School has developed
an innovative study program for non-
Ontario residents to earn their OAC. The Venture
Catalysts is working with the school to
develop an international sales force to introduce
the program to high school students
around the world.
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About the Author: Jim Adams RSS for Jim's articles - Visit Jim's website Mr. Adams provides a wealth of experience in marketing, journalism, finance, government and general business. This well-rounded experience provides the insight to develop clear and effective strategies. Click here to visit Jim's website Succeeding in a Flat World How to gain an advantage when the playing field is level Insourcing Outsourcing Grows Up RISK ASSESSMENT THE NEW REALITY SHOW Canadas Global Face New Market Opportunities at Home Emile Zolas 1883 Guide to Marketing |
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