Popular in Course
verified elite notetaker
Popular in Business
This 1 page Document was uploaded by an elite notetaker on Monday December 21, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 6 views.
Reviews for Read-some-information-about-college-online-payment-pdf
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 12/21/15
Read some information about college online payment Contracting is one of the oldest and most common practices of work. Even in ancient times, trade existed between countries, providing access to goods and services not available in the home countries. In the early years, when the word outsourcing actually came about, people would vend things to a third party. This is contracting in its basic form. Thus there would be value addition, with the consumers getting products and services they needed, and the suppliers getting money or some acceptable mode of exchange in return. As a concept it is prevalent in all aspects of our lives domestic and professional. Some visible examples are "security services," "housekeeping," "pantry," "laundry service of online payment for college and "car driver." In domestic lives, household chores are done by "domestic aids." Thus persons or institutions, not household members, execute activities requested by the household for a fee. Some may not be so visible, but are nonetheless important. In the business context, outsourcing is all-pervasive. In the outsourcing world people learn about products differently (e.g., a virtual marketplace through electronic publishing and various other customer interface channels), buy them differently using electronic cash and secure payments systems, and have them delivered differently. There may also be a difference in how they allocate their loyalty. In this business jungle, the outsourcing organization has to adapt rapidly to a world where the traditional concepts no longer hold, where "quality" has a new meaning, where "content" is not equated to product, and where "distribution" does not necessarily mean physical transportation. Brand equity can rapidly evaporate in this new environment, forcing firms to develop new ways of doing business and leveraging from the same. Suitable business strategy and design drivers evolve through the ability to make quick changes based on the nature and magnitude of the outsourcing business. The ability and flexibility to quickly change and reposition is needed to survive in the world of outsourcing. Supporting automation, infrastructure, resources, etc., are basic logistics needed for this. Competition is no longer between outsourcing companies but between ideas, concepts, products, services, speed and ease of transaction initiation, execution, delivery, and closure. Outsourcing organizations and vendors in order to remain business leaders will not just add value; they will invent and furthermore create value. The world as it exists today is replete with many examples of organizations, ideas, and products which have successfully created need and value through innovation. In the world of business of college online payment outsourcing versus other traditional business industries, business setup is much quicker. An advisable strategy is quick setup and execution, evaluating results, and rapidly making suitable changes (big or small) or exiting altogether. The cycle is quickly repeated for other ideas and products till desirable results are achieved. Thus not too much time and effort should be invested in very long-term strategy planning. Should the outsourcing organization maintain strategic status quo and seek manageable challenges by tweaking the existing product set, or radically change the strategy to possibly induce a state of chaos, risk, and uncertainty? While such models may not be needed in a stable environment, they are relevant in the current age of volatility, especially in the very fast-changing world of the Web.
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'