| Title |
Prioritization of Strategic Intangible Assets in Make/Buy Decisions |
| ID_Doc |
74416 |
| Authors |
Battagello, FM; Cricelli, L; Grimaldi, M |
| Title |
Prioritization of Strategic Intangible Assets in Make/Buy Decisions |
| Year |
2019 |
| Published |
Sustainability, 11, 5 |
| DOI |
10.3390/su11051267 |
| Abstract |
Every company, in a knowledge-based economy and, in a sustainability-aware era, is "doomed" to deal with a critical mass of strategic assets, in order to achieve a sustainable competitive advantage. Maintaining this system up-to-date requires financial/organizational efforts. Therefore, in order to optimize performance, it is necessary to detect which are the assets that can be outsourced/externalized without jeopardizing the business model architecture. Nevertheless, several studies confirm the inherent risks upcoming with any decision of outsourcing; pursuing a bearable long-term advantage over competitors mostly involves combinations of resources and capabilities, i.e., intangible assets. By the means of a multi-criteria indicator, the proposed framework builds a quantitative relational ranking of such resources, disclosing their critical weight (revealing which assets are actually strategic), hence the convenience for each of them to be outsourced or kept "in-house" to create sustainable value. This solution permits a strategy-level prioritization to take informed decisions on outsourcing candidates, also returning further analytics on the status of each investigated entity. Designed as a discriminating tool in make/buy resolutions to be used alongside traditional cost-based criteria, it represents a comprehensive approach capable of appreciating the complexity of the problem and the involved risks in order to keep a sustainable momentum. |
| Author Keywords |
intangible assets; strategic capital; sustainable competitive advantage; sustainable value; make/buy; outsourcing; strategic alignment; decision support; resource allocation |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000462661000051 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
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