IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-14410-3_5.html
   My bibliography  Save this book chapter

Innovative Approach to Starting of Outsourcing Company

In: Challenges and Solutions in the Digital Economy and Finance

Author

Listed:
  • Vladimir Aleksandrovich Kunin

    (St. Petersburg University of Management Technologies and Economics)

  • Nelly Lugert

    (St. Petersburg University of Management Technologies and Economics)

Abstract

Decentralization of management by contracting fractal business processes to outsourcing companies is an important factor in increasing competitiveness and sustainability of a company amidst economic instability and serves as a typical feature of the current stage of innovative economy. The reason behind incorporation of outsourcing companies in charge of fractal business process is a motivational expansion of business, which contributes to innovative corporate development and increases innovative potential, strategic positioning and operational efficiency. This paper describes how to initiate outsourcing by delegating a fractal business process to a spin-off company and by preliminary testing of the business process on a digital twin created for this purpose. The authors also propose to optimize business relations of a parent company with a fractal business process and an outsourcing company using the above-mentioned digital twin. The article shows financial recourses for small businesses to create a digital twin and proves economic efficiency of its use when spinning off subsidiary outsourcing companies. The paper formalizes a condition for financial efficiency from transformation of a fractal process into an outsourcing company. An innovative approach to spinning-off an outsourcing company based on creation and use of a digital twin improves quality control of services/products and ensures financial sustainability of a business in a highly volatile market and increased external risks. Business gets more sustainable because unforeseen costs are decreased thanks to the measures mastered on the digital twin in order to reduce negative impact of risks and accumulate work experience in economically instable environment.

Suggested Citation

  • Vladimir Aleksandrovich Kunin & Nelly Lugert, 2022. "Innovative Approach to Starting of Outsourcing Company," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Vladimir Plotnikov & Alexey Minin & Hod Anyigba (ed.), Challenges and Solutions in the Digital Economy and Finance, pages 37-45, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-14410-3_5
    DOI: 10.1007/978-3-031-14410-3_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-14410-3_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.