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You cannot eliminate the risk altogether, but you can reduce and/or manage it.Think about aspects like: Some organizations like to start the outsourcing process by discussing what will happen when the contracts terminate - reducing the risk in advance and eliminating unnecessary surprises.
Some managers optimistically believe that outsourcing will solve a number of their problems.
They dive into the relationship head-first and then start to drown.
The study targeted mainly locally owned oil and gas companies operating in Greater Accra regions of Ghana and including other areas is recommended in the future.
Also, the research sample size was 80 participants for this study, and a larger sample should be used in the future.
Companies often underestimate the complexity of outsourcing.
They rely on their internal management systems even though theses systems lacks the knowledge and experience necessary for successful outsourcing.
The need for businesses to gain profit through the provision of high-quality services has driven the organizations to outsource business activities and functions that are considered not integral to the core business.
The purpose of this paper is to identify key outsourced activities and to explore their influence on the organizational performance of the targeted locally owned oil and gas companies in Ghana.
You cannot rush through the stages and expect such a process to work out.
Creating requirements for your vendor, evaluating vendors, negotiating contracts all take time.