Entrepreneurship education is becoming increasingly important in engineering schools. This is a trend that started several years ago in the U.S. and is also spreading internationally. This trend appears to be due to the fact that engineers are responsible for providing solutions to enhance the quality of life for people worldwide and for facing the challenges related to that responsibility. As society develops we face new challenges, which call for varied and innovative approaches to solve these problems. This is further confirmed by the National Academy of Engineers' book titled "The Engineer of 2020", which the clearly discusses the changing role of the engineer in 2020 7
Purpose -The purpose of this research is so that project managers can use a systemic approach to prioritizing the risks of outsourcing including an understanding of the external factors that could affect the prioritization. Design/methodology/approach -A survey was designed by the authors and distributed to 2,500 outsourcing professionals from different organizations and the hypotheses were tested using the data from these surveys. The logic for forming the hypothesis is discussed for each hypothesis and so are the demographics of the respondents Findings -External factors such as the type of technology involved, type of market targeted, location of outsourcing and the amount of experience the outsourcing professional had, did affect the prioritization of the outsourcing risks. Furthermore, trends were identified among the ranking of the outsourcing risks. Research limitations/implications -One of the constraining factors of this research, as in the majority of empirical research initiatives, was the limited sample size, which could potentially affect the rating. An increased sample size could have also provided the researchers with a more detailed insight into the interrelationships between the various outsourcing risks. Originality/value -For the first time, the outsourcing risks have been prioritized using a systemic approach. The systemic approach has been used in the financial industry while analyzing risk but the authors have applied it to prioritization of outsourcing risks. This includes understanding the interrelationships between the risks and also the effect that external factors can have on the prioritization of those risks.
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