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Publisher ‏ : ‎ Authorhouse (April 3, 2008)
Language ‏ : ‎ English
Paperback ‏ : ‎ 136 pages
ISBN-10 ‏ : ‎ 1434323781
ISBN-13 ‏ : ‎ 978-1434323781
Item Weight ‏ : ‎ 11.5 ounces
Dimensions ‏ : ‎ 8.25 x 0.29 x 11 inches

The Relationship between Transaction Costs and Savings in Offshoring Information Technology by Large U.S. Companies: A Doctoral Research on IT Outsourcing

As technology continues to advance and globalization becomes more prevalent, many large U.S. companies are turning to offshoring their information technology (IT) services to cut costs and remain competitive in the market. However, the decision to outsource IT services comes with its own set of challenges, particularly in terms of transaction costs and potential savings.

In a recent doctoral research study, the relationship between transaction costs and savings in offshoring IT by large U.S. companies was examined. Transaction costs refer to the costs associated with completing a transaction, such as negotiating contracts, monitoring performance, and resolving disputes. These costs can significantly impact the overall savings that a company can achieve through offshoring IT services.

The study found that transaction costs play a crucial role in determining the level of savings that companies can realize through offshoring IT. Higher transaction costs can erode potential savings, making it essential for companies to carefully manage and minimize these costs through effective contract management, communication, and dispute resolution processes.

Additionally, the research highlighted the importance of considering various factors, such as cultural differences, legal frameworks, and vendor capabilities, when making decisions about offshoring IT services. By taking these factors into account and actively managing transaction costs, companies can maximize their savings potential and achieve long-term success in their IT outsourcing initiatives.

Overall, the relationship between transaction costs and savings in offshoring IT by large U.S. companies is a complex and multifaceted issue that requires careful consideration and strategic planning. By conducting thorough research and implementing effective management strategies, companies can navigate the challenges of offshoring IT services and reap the benefits of cost savings and enhanced competitiveness in the global marketplace.
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