Outsourcing and the Flexible Firm; The Financial Services Industry

Bagher, Mammed; MacKerron, Grant

Abstract

This chapter investigates, through a literature review, the increasing use of outsourcing by organisations and why this has become so prevalent in recent years. The use if an effective performance management system for outsourcing projects in the financial services organisation is considered as a means of ensuring success, and how outsourcing can be sustainable through the use of appropriate KPI’s. The research results give valuable information on the use of monitoring the performance of suppliers through the use of a clear framework for performance management, and how this will avail the organisation of the many potential pitfalls which may be encountered with outsourcing. Further work is recommended in the area of outsourcing relating to the use of effective performance management and key performance indicators, which are carefully chosen to reflect the markets the organisation operates in, to reduce the risk of failure.

Citation

Bagher, M., & MacKerron, G. (2018). Outsourcing and the Flexible Firm; The Financial Services Industry. In Positive and Negative Aspects of Outsourcing (55-68). Croatia: InTech. https://doi.org/10.5772/intechopen.72771

• Acceptance Date: Jan 5, 2018
• Online Publication Date: Dec 20, 2017
• Publication Date: 2018
• Deposit Date: Jan 9, 2020
• Publicly Available Date: Jan 9, 2020
• Publisher: InTech
• Pages: 55-68
• Edition: 1st
• Book Title: Positive and Negative Aspects of Outsourcing
• Chapter Number: 4
• ISBN: 9789535139331
• DOI: https://doi.org/10.5772/intechopen.72771
• Keywords: outsourcing, financial services, management
• Public URL: http://researchrepository.napier.ac.uk/Output/2459014
• Publisher URL: https://www.intechopen.com/books/positive-and-negative-aspects-of-outsourcing