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Best Practice
by Gary Zeiss, Esq. on January 19, 2009
In a recent article published in InformationWeek, Bob Evans offers 10 tips on outsourcing.
None of these are new - in fact, they represent perennial advice that is given by lawyers and consultants to those companies seeking to outsource. What has changed is the baseline of credibility in the outsourcing industry.
As such, and as one would expect, a higher level of due diligence is being stressed. However, financial risk management should not automatically push outsourcing customers to larger vendors... remember, Satyam was one of the largest.
Instead, it is important to recognize the risks involved in outsourcing a particular process, the economic and innovation benefits of conducting the outsourcing, and the ability of the customer to mitigate risks that are beyond the appropriate risk tolerance level for the particular process.
Again, this is not new advice, but in this post-Satyam crisis world, it rings even more true.
None of these are new - in fact, they represent perennial advice that is given by lawyers and consultants to those companies seeking to outsource. What has changed is the baseline of credibility in the outsourcing industry.
As such, and as one would expect, a higher level of due diligence is being stressed. However, financial risk management should not automatically push outsourcing customers to larger vendors... remember, Satyam was one of the largest.
Instead, it is important to recognize the risks involved in outsourcing a particular process, the economic and innovation benefits of conducting the outsourcing, and the ability of the customer to mitigate risks that are beyond the appropriate risk tolerance level for the particular process.
Again, this is not new advice, but in this post-Satyam crisis world, it rings even more true.
Permalink: Due Diligence in the post-Satyam World
Tags:
satyam
due
diligence
examination
outsourcing
medical+tourism
method+medical
outsourcing+method
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/141533
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Response from:
Steve
(01/19/09 11:43am)
Response from:
Jo Trizila
(01/29/09 2:07pm)
I thought you might find these of interest. Alsbridge, Inc. CEO Ben Trowbridge is quoted throughout about the Satyam crisis.
The Dallas Morning News: Scandal in India Creates Opportunity For Dallas Firms: 1/28/09: http://www.alsbridge.com/news-events/archives/53/Scandal-in-India-crea
tes-opportunity-for-Dallas-firms.html.
Information Week: Satyam Crisis Puts Indian IT Industry -- And Customers -- On Edge: 1/17/09: http://www.alsbridge.com/news-events/archives/51/Satyam-Crisis-Puts-In
dian-IT-Industry-And-Customers-On-Edge.html.
Last week, Ben hosted a webinar (Satyam - What Should You Do?) about the Satyam crisis that you might also find of interest. You can get more information here: http://www.outsourcingleadership.com/.
For more information on outsourcing advisory services, contact Alsbridge at 214-696-6410 or visit www.Alsbridge.com. For more original research and insight on outsourcing topics, visit www.OutsourcingLeadership.com.
Jo Trizila
Trizila Communications, Inc.
jotrizila@trizilacommunications.com
www.trizilacommunications.com
office: 972-247-1369
cell: 214-232-0078
The Dallas Morning News: Scandal in India Creates Opportunity For Dallas Firms: 1/28/09: http://www.alsbridge.com/news-events/archives/53/Scandal-in-India-crea
tes-opportunity-for-Dallas-firms.html.
Information Week: Satyam Crisis Puts Indian IT Industry -- And Customers -- On Edge: 1/17/09: http://www.alsbridge.com/news-events/archives/51/Satyam-Crisis-Puts-In
dian-IT-Industry-And-Customers-On-Edge.html.
Last week, Ben hosted a webinar (Satyam - What Should You Do?) about the Satyam crisis that you might also find of interest. You can get more information here: http://www.outsourcingleadership.com/.
For more information on outsourcing advisory services, contact Alsbridge at 214-696-6410 or visit www.Alsbridge.com. For more original research and insight on outsourcing topics, visit www.OutsourcingLeadership.com.
Jo Trizila
Trizila Communications, Inc.
jotrizila@trizilacommunications.com
www.trizilacommunications.com
office: 972-247-1369
cell: 214-232-0078
Response from:
yuming
(02/17/09 3:07am)
RBI is a leading China based private investment firm offers you the most discreet,authentic, results-oriented professional Due Diligence and business intelligence service in China
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