The Make-or-Buy Decision: Lessons from Empirical Studies

Klein, Peter G.

doi:10.2139/ssrn.529962

Cited by 63 publications

(55 citation statements)

References 117 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Few companies took a strategic view of their make or buy decisions, with many companies deciding to buy rather than make based on a short-term reasons of cost reduction and capacity (Humphreys et al, 2000;Canez et al, 2000). Traditionally, economists viewed vertical integration or vertical control as an attempt to earn monopoly charges by gaining control of input markets or distribution channels (Klein, 2004). McCarthy and Anagnostou (2004) summarise the reasons for outsourcing, which are:…”

Section: Literature Reviewmentioning

confidence: 99%

Make or buy analysis for rapid manufacturing

Ruffo

Tuck²,

Hague³

2007

Rapid Prototyping Journal

View full text Add to dashboard Cite

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to outline how rapid manufacturing (RM) could influence the decision-making process for managers involved in make or buy decisions. Design/methodology/approach -A literature review on make or buy issues has been carried out and the results of which have been distilled into a number of qualitative considerations. These considerations have been formed into three possible make or buy scenarios: the firm has no experience of rapid prototyping (RP) or RM; the firm already has an RP department; and the firm already has an RM function. In order to analyse the decision further a quantitative approach has been taken, mainly adapted to the last scenario but applicable also to the second scenario. Here, manufacturing cost data has been directly compared with price information from two current RP bureaus. The differences between RM cost and RP price have been studied. Findings -Strategically, the points analysed were in favour of the make option. Economically, the lack of dedicated RM bureaus and the consequent use of RP costing has further pushed the make or buy decision in favour of make. Originality/value -There is a lack of work on the implementation of RM as a mainstream manufacturing process. Existing knowledge has begun to look at the use and costs of RM, however, this paper highlights the lack of dedicated RM providers.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Make or buy analysis for rapid manufacturing

Ruffo

Tuck²,

Hague³

2007

Rapid Prototyping Journal

View full text Add to dashboard Cite

show abstract

“…While Allen and Lueck study land‐use arrangements, similar arguments apply to procurement more generally. As the empirical TCE literature emphasizes (Klein, 2005), uncertainty per se is not relevant for vertical coordination in the absence of asset specificity; in other words, producers may use marketing contracts (and other futures contracts) to mitigate price risk, but this should not drive the move toward production contracts or vertical integration.…”

mentioning

confidence: 99%

The adoption, diffusion, and evolution of organizational form: insights from the agrifood sector

James¹,

Klein²,

Sykuta³

2011

Manage. Decis. Econ.

Self Cite

View full text Add to dashboard Cite

The adoption and diffusion of contract farming and vertical integration in modern agriculture has varied widely across regions, commodities, or farm types. This paper lays out a framework for understanding the evolution of organizational practices in U.S. agriculture by drawing on theories of the diffusion of technology and organizational complementarities. Using recent trends as stylized facts, with case studies from various agricultural industries, we argue that research identifying complementarities within specific sectors of the agrifood system will greatly improve our understanding of the organizational structure of agricultural production, and we identify several specific lines of inquiry. Copyright (C) 2011 John Wiley & Sons, Ltd.

show abstract

“…A key determinant that has received increased scholarly attention is the legal and regulatory environment of firms and research institutions (Klein, ). Differences in regulatory structures and in interpretations of contractual clauses may greatly influence licensing strategies, thus exposing the crucial role of innovation policy in fostering economic growth and technological progress.…”

Section: Review Findingsmentioning

confidence: 99%

Determinants, causal connections and outcomes of corporate technology licensing: a systematic review and research agenda

Symeonidou

Bruneel

2017

R & D Management

View full text Add to dashboard Cite

Exchanges in markets for technology (MfT) have grown rapidly in recent years. MfT involve transactions for the use, diffusion and creation of technology. In this article, we conduct a systematic review of the emerging market for technology literature and examine one of its most important aspects, corporate technology licensing. Using thematic analysis, we systematically review 78 papers published in 29 journals over 30 years covering the academic disciplines of technology/knowledge management, strategic management, entrepreneurship, innovation management and industrial economics. Based on this analysis, we present an organizing framework for the most prominent determinants, causal connections and outcomes of technology licensing research to date and identify a research agenda highlighting important avenues for future research in this domain.

show abstract

The Make-or-Buy Decision: Lessons from Empirical Studies

Cited by 63 publications

References 117 publications

Make or buy analysis for rapid manufacturing

Make or buy analysis for rapid manufacturing

The adoption, diffusion, and evolution of organizational form: insights from the agrifood sector

Determinants, causal connections and outcomes of corporate technology licensing: a systematic review and research agenda

Contact Info

Product

Resources

About