Should we make or buy? An update and review

Artikel

Whether firms should perform manufacturing activities on their own or buy them from an external provider is a strategic question that many managers from all firm areas have historically asked themselves. The present paper seeks to address this question by developing a theoretical framework which can help managers evaluate sourcing decisions. After discussing a make-or-buy literature review on 7 prestigious academic journals, the most relevant determinants and theories supported from the literature are identified and illustrated within this framework. The results are subsequently outlined, our research work concluding with a reflection on the extent to which this paper can improve the academic understanding of make-or-buy approaches. Our results suggest that practitioners should combine the resource-based view, strategic management and transaction cost economics theories in order to assess manufacturing location decisions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: European Research on Management and Business Economics (ERMBE) ; ISSN: 2444-8834 ; Volume: 24 ; Year: 2018 ; Issue: 3 ; Pages: 137-148 ; Amsterdam: Elsevier

Classification and Topics

• Classification: Management
• Subject: Make-or-buy ; Decision-making ; Outsourcing ; Plural/hybrid sourcing ; Literature review

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Serrano, Rubén Medina ; Ramírez, María Reyes González ; Gascó, José
• Event: Veröffentlichung
• (who): Elsevier
• (where): Amsterdam
• (when): 2018

Further information

• DOI: doi:10.1016/j.iedeen.2018.05.004
• Handle: http://hdl.handle.net/10419/205779
• Last update: 10.03.2025, 11:41 AM CET