As the company develops, its leaders sooner or later face the question of whether it is necessary to do everything by internal resources or is it better to turn to third-party organizations that specialize in certain operations. I.e to outsource some functions.
For example, if you need to produce a product, is it better to do it yourself or order production from an independent company? How to determine the most profitable business option?
The answer to this question is provided by the transaction cost theory. Transaction cost theory explains why companies expand their internal operations and structures, or outsource some of their functions by hiring third parties to perform them. In this section, you will get acquainted with its main points. You will also clarify the benefits of mentors and consultants for your project.
Expected outcomes:
- You will determine which functions in your project are worth outsourcing to the third party contractors, and which are more appropriate to perform with your own resources.
- You will learn which cloud services can help you organize some business functions efficiently.
- You will learn how to work with consultants, and when you need advisory advice and what is its benefit.
- You will understand why you need a mentor and how a mentor differs from a consultant.
To watch lectures and get access to the practical part, you need to purchase the course
Course Features
- Lectures 4
- Quizzes 1
- Duration 5 days
- Level all levels
- Language Russian, English
- Students 39
- Assessments Yes
