Open AccessAlgorithm for making management decisions on the use of outsourcing by entrepreneurial structures
Author(s) -
Irina V. Truschenko
Publication year - 2021
Publication title -
russian journal of management
Language(s) - English
Resource type - Journals
eISSN - 2500-1469
pISSN - 2409-6024
DOI - 10.29039/2409-6024-2021-9-1-216-220
Subject(s) - outsourcing , business , profit (economics) , industrial organization , market structure , competition (biology) , process (computing) , marketing , economics , microeconomics , computer science , ecology , biology , operating system
Due to the economic downturn and high competition in the market, business structures are constantly looking for ways to optimize financial resources, as well as ways to increase their profits. Thus, a number of business structures use outsourcing as one of the effective tools for managing their resources. The transfer of individual business processes can allow the entrepreneurial structure to focus on strategically important areas of activity, due to which the profit of the entrepreneurial structure can be increased.
According to the author's observations, the functioning of any business structures in the conditions of the economic crisis and the situation that has developed in connection with the spread of the new coronavirus infection COVID-19, outsourcing is a very relevant tool to increase competitiveness in the market.
The article discusses the developed algorithm for making management decisions on the use of outsourcing by entrepreneurial structures. The process of making management decisions regarding the use of outsourcing is associated with a number of risks. The algorithm proposed by the author can help to minimize the risks arising when making a managerial decision on the use of outsourcing by entrepreneurial structures.