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An Empirical Investigation of Outsourcing Decisions in Enterprises Operating in Greece

Author

Listed:
  • Nikolaos K. Liapopoulos

    (44, Argonauton St., Elliniko, GR 167 77, Greece)

  • Socrates J. Moschuris

    (University of Piraeus, Department of Industrial Management and Technology, 80, Karaoli & Dimitriou Street, 185 34 Piraeus, Greece.)

Abstract

This paper presents some preliminary results, regarding outsourcing decisions, based on a study, which was conducted using a sample of enterprises operating in Greece. Specifically, the motivations, the risks, and the impact, positive or negative, of outsourcing are described and analyzed. 56 companies, which operate in the trading and manufacturing sectors, participated in this research. Results indicate that cost reduction and acquisition of technology/skills are the most important motivations for outsourcing, whereas contracting-out core activities and loss of control are the most serious risks of outsourcing. Generally, the impact of outsourcing is positive, with cost reduction and increase in flexibility the mostly cited benefits.

Suggested Citation

  • Nikolaos K. Liapopoulos & Socrates J. Moschuris, 2013. "An Empirical Investigation of Outsourcing Decisions in Enterprises Operating in Greece," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 63(1-2), pages 31-46, June.
    • Handle: RePEc:spd:journl:v:63:y:2013:i:1-2:p:31-46
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    File URL: https://spoudai.unipi.gr/index.php/spoudai/article/download/51/101/51-266-1-PB.pdf
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    References listed on IDEAS

    as
    1. Quélin, Bertrand & Duhamel, François, 2003. "Bringing Together Strategic Outsourcing and Corporate Strategy:: Outsourcing Motives and Risks," European Management Journal, Elsevier, vol. 21(5), pages 647-661, October.
    2. McIvor,Ronan, 2005. "The Outsourcing Process," Cambridge Books, Cambridge University Press, number 9780521844116, October.
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    Cited by:

    1. daryaei , javad & Hosseini Golafshan , Ahmad & Modiri , Mahmood & Gelard , Parvaneh, 2018. "Developing a Decision-Making Framework for Activities Outsourcing in Iranian State Banks," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 13(4), pages 525-545, October.

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    More about this item

    Keywords

    Outsourcing; Motivations; Risks; Benefits; Strategic; Greece.;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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