Knowledge process outsourcing: Difference between revisions

Revision as of 15:33, 28 January 2021

Revision as of 19:26, 11 May 2021

Line 5:

== Types ==

KPO services include all kinds of research and information gathering ,e.g., [[intellectual property]] research for patent applications; [[equity research]], business and [[market research]], legal and medical services; training, consultancy, and [[research and development]] in fields such as [[pharmaceutical]]s and [[biotechnology]]; and animation and design, etc.{{sfn|Sornarajah|Wang|2010|p=280}}

==Importance==

The developing rivalry has brought about shorter time to market cycles, and clients are getting to be more demanding regarding quality. This has constrained the firms to give operational proficiency and increase the value of their products and services. The customer can launch an item quicker and get to the market immediately. A company can lessen the complexities included in overseeing and constantly constructing information in an extensive pool of [[human resources]].{{sfn|Vijay Kumar Kaul|2011|p=150}}

Businesses are constantly in search of reliable KPO service providers who have the ability to drive the best business strategy by analysinganalyzing the available data and information in a specific case.

== Risks and benefits ==

'''Benefits'''<ref name="Prasad Kakumanu and Anthony Partanova ">{{ cite web|titlelast=Overby|first=Stephanie|date=November Outsourcing Its Benefits6, Drawbacks and Other Related Issues2017| publishertitle=PrasadWhat Kakumanuis andoutsourcing? Anthony PartanovaDefinitions, Journalbest ofpractices, Americanchallenges Academyand of Business, Cambridgeadvice| url=httphttps://docwww.mbalibcio.com/viewarticle/21ad1bc5b227f95dd5e778a416b1c04f2439495/outsourcing-outsourcing-definition-and-solutions.html|url-status=live|website=CIO|publisher=CIO}}</ref>

* Cost reduction

* Shortage of skilled employees