Please note that the details of this Challenge are no longer open. This challenge is awarded and is no longer accepting new submissions. You can:
Challenge Effective Positioning of Collaborative Outsourcing to Complement Existing Competencies
Effective Positioning of Collaborative Outsourcing to Complement Existing Competencies
STATUS: Awarded
Active Solvers: 356
Posted: Dec 16 2013
Challenge ID: 9933497
 
Team Project Rooms are available on this Challenge Team Share Challenge Share
Abstract

Outsourcing is a traditional approach aimed at allocating a specific business process to an external specialist provider. Some of the most commonly targeted business areas include information technology (IT), web design & maintenance, recruiting, and customer support. In most situations, an organization chooses to outsource when they cannot handle all aspects of the business process, however, there are times when outsourcing may be used to supplement in-house capabilities. Collaborative outsourcing is a new business model that offers additional benefits over typical outsourcing models that replace organizational resources or adding competencies to smaller organizations that do not have them in-house. The Seeker provides services to clients and wishes to reposition its capabilities to offer services that complement existing client competencies within large organizations. More details are available in the detailed challenge description. 

This is an Ideation Challenge with a guaranteed award for at least one submitted solution. 

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on February 6, 2014. 

Late submissions will not be considered.

 

Overview

Some of the many advantages to outsourcing include cost savings, staffing flexibility, and reduction of risk. However, critical business objectives and strategic goals may be compromised in the primary endeavor to save money. Companies are beginning to take a smarter and more strategic approach to outsourcing. Collaborative outsourcing is additive – businesses gain knowledge and garner talent to strengthen their existing team while solidifying their position in the market. By configuring the best combination of services from a service provider, collaborative outsourcing allows easy access to resources and technologies to keep a business on the right track. Collaborative outsourcing can increase productivity in combination with sustainability. The Seeker wishes to expand its business beyond adding competencies to smaller companies that do not have them and provide collaborative services to larger institutions. The Seeker requires a strategy to deliver their unique sales proposition to new larger clients. 

This is an Ideation Challenge, which has the following unique features:

  • There is a guaranteed award.  The awards will be paid to the best submission(s) as solely determined by the Seeker. The total payout will be $10,000, with at least one award being no smaller than $5,000 and no award being smaller than $2,000. 
  • The Solvers are not required to transfer exclusive intellectual property rights to the Seeker.  Rather, by submitting a proposal, the Solvers grants to the Seeker a royalty-free, perpetual, and non-exclusive license to use any information included in this proposal, including for promotional purposes.

After the Challenge deadline, the Seeker will complete the review process and make a decision with regards to the Winning Solution(s). All Solvers that submit a proposal will be notified on the status of their submissions; however, no detailed evaluation of individual submissions will be provided.

 

What is InnoCentive?
InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is an InnoCentive Ideation™ Challenge?

An InnoCentive Ideation™ Challenge is a broad question formulated to obtain access to new ideas, similar to a global brainstorm for producing a breakthrough idea or market survey which may include ideas for a new product line, a new commercial application for a current product, or even a viral marketing idea to recruit new customers. Ideation™ Challenge submissions are typically about two written pages, and Seekers receive a non-exclusive, perpetual license to use all submissions.

In an Ideation™ Challenge, Solvers may:

  • Submit ideas of their own
  • Submit third party information that they have the right to use and further the authority to convey that right and the right to use and develop derivative works to Seekers
  • Submit information considered in the public domain without any limitations on use

Solvers should not reveal any confidential information in their submissions. Often the Ideation™ Challenge will be followed by one or more of the other three Challenge types to further develop the ideas and gain Intellectual Property protection when the concept has been well-defined.

Share This Challenge
InnoCentive Trust Partners