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Outsource with Open Minds, Business Models

Companies should employ an open business model to maximize success with regard to outsourcing, according to Marco Befan, lead analysis for Nerac. He spoke today at the conference session "Collaborative Outsourcing: Building and Maintaining Provider Partnerships that Work" at MD&M West.

An open business model is based on being more flexible with incorporating external ideas and technologies and making the company's own technologies available to other companies. If companies don't operate with an open business model, they run the risk of not utilizing all of their intellectual property assets. In addition, companies with a more closed model tend to resist external technologies that could complement their own products. Open business models, by contrast, allow companies to increase their revenues and reputation by licensing their technologies to other companies.

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