University-Based Knowledge Product Outsourcing Model

Abstract

Outsourcing is not new in this ever changing world. It refers to the process of subcontracting a process, such as product design or manufacturing, to a third-party company. Today, the IT outsourcing industry has matured. This paper highlights about outsourcing with emphasis on its scope of operation, importance and impact in the business process and industry in general. This paper describes the unique approach in a university-based knowledge product outsourcing. It presents a discussion on the different resources in the operation and management of the university-based knowledge enterprise. The inception stage in the development of the outsourcing model is also described in this paper. The outsourcing process model presented in this paper highlights the following: faculty and staff as the knowledge provider, infrastructure as the outsourcing facility, business sector as the knowledge seeker, University-based as the business process, and product cost and income as the sharing of limited practice of profession. This paper further describes the features in the development of an online knowledge product outsourcing as a platform for an innovative knowledge enterprise.