IT Performance Improvement
Networking and Telecommunications
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Traditional entrepreneurship is conditioned by three types of cultural and business environments according to Tugrul Atamer, dean of the faculty and deputy managing director at EMLYON Business School in France. These three environments are referred to as "ethos:"
- The free market system or ethos: The market creates and distributes wealth, known as the Anglo-Saxon model.
- The cooperative system or ethos: Though the market is the primary wealth creator, the state plays an important role in its redistribution. European countries including France are examples.
- The parallel system or ethos: Creation of wealth and social justice is done locally, and neither the state nor the market plays a significant role. Emerging countries, the famous BRIC (Brazil, Russia, India, and China) are examples of this ethos. Outsourcing industries prosper best in this environment. Big Indian outsourcing players like Infosys, HCL, Wipro, etc., are some examples, providing employment to millions.
Outsourcing by Definition: An organization (buyer) purchases goods or services from another organization (vendor or supplier), and the buyer "owns" and controls (not always) the process. In other words, the buyer tells the supplier exactly what it wants and how it wants the supplier to deliver the product or perform those services. The supplier cannot vary from the buyer's instructions in any way, and the buyer can replace the supplier with relative ease by terminating the contract. ... Click here to continue.
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