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Shared services is different from the model of outsourcing, which is where an external third party is paid to provide a service that was previously internal to the buying organization, typically leading to redundancies and re-organization. There is an ongoing debate about the advantages of shared services over outsourcing.
A shared service is an accountable entity within a multi-unit organization tasked with supplying the business unit, respective divisions and departments with specialized services (finance, HR transactions, IT services, facilities, logistics, sales transactions) on the basis of a service level agreement (SLA) with a costs charge out on basis of some type and system of transfer price.
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services.
Service Integration and Management (SIAM) is an approach to managing multiple suppliers of services (business services as well as information technology services) and integrating them to provide a single business-facing IT organization. It aims at seamlessly integrating interdependent services from various internal and external service ...
There are seven sourcing business models that range from the transactional to investment-based. The seven models are: Basic Provider, Approved Provider, Preferred Provider, Performance-Based/Managed Services Model, Vested outsourcing Business Model, Shared Services Model, and Equity Partnership Model. Sourcing business models are targeted for ...
The FA pattern with its emphasis on autonomy by sharing of a model is forced to deliver a constitution, a federated architecture foundation (FAF), something like The Ten Commandments, common concepts, principles and even a common technical architecture: "a corpus juris". "In the absence of a global authority, the federated architecture has to ...
Image credits: therock #5 Drew Barrymore's Body Image Struggles After Giving Birth. Taking to her Instagram page in 2020, the 49-year-old actress shared before and after photos of herself ...
Creating shared value (CSV) is a business concept first ... often through shared access services, ... between pursuing core business model and the subsequent impact ...