Sourcing

(noun)

The supply of resources needed by a particular company or individual.

Related Terms

Examples of Sourcing in the following topics:

  • Sourcing Technology

    • Technology sourcing involves isolating and implementing new innovations within an existing business framework.
    • Technology sourcing, or the pursuit of implementing new technologies within a businesses strategic framework, involves isolating and applying new technologies to current models.
    • Therefore the strategies behind sourcing technology can be complex, varying by industry, company size, economic strength, and the availability of easily implemented technology.
    • One strong example of the drawbacks in technological transfer and sourcing can be illustrated by the image below.
    • Illustrate the varying cost structures, licensing, and scouting procedures involved with technology sourcing

  • Sources of Power

    • Power comes from several sources, each of which has different effects on the targets of that power.
    • All of these sources and uses of power can be combined to achieve a single aim, and individuals can often draw on more than one of them.
    • In fact, the more sources of power to which a person has access, the greater the individual's overall power and ability to get things done.
    • The ability to reward employees with cash and other incentives is a source of organizational power.
    • Identify the six different sources of power available to organizational leaders and how leaders can employ these sources of power and influence in a meaningful and ethical way

  • Employee Recruitment

    • The different stages of recruitment are: job analysis, sourcing, screening and selection, and onboarding.
    • Sourcing involves using several strategies to attract or identify candidates.
    • Sourcing can be done by internal or external advertisement.

  • Global Strategy

    • Starbucks sources coffee beans from all over the world, as climate dramatically affects the type and quality of the bean.
    • The globalization strategy of Starbucks—while it includes selling in many countries—is hugely depending on global sourcing, and strategic managers must carefully monitor this process for costs and benefits.

  • Delivering Constructive Feedback

    • In human resources, 360-degree feedback, also known as multi-rater feedback, multi-source feedback, or multi-source assessment, is feedback that comes from members of an employee's immediate work circle.
    • In some cases, it can also include feedback from external sources, such as customers and suppliers or other interested stakeholders.

  • The Importance of Motivation

    • There are four sources of motivation.
    • The fourth source consists of external motives.

  • Expectancy Theory

    • V(O): Valence is the value individuals place on outcomes (O) based on their needs, goals, values, and sources of motivation.
    • Factors associated with the individual's valence are values, needs, goals, preferences, sources of motivation, and the strength of an individual's preference for a particular outcome.

  • Noise as a Barrier to Communication

    • An information source (i.e., sender).
    • This produces a message; in an oral conversation, the information source is simply the speaker.

  • Common Causes of Team Conflict

    • Conflict between team members comes from several sources.

  • E-Leadership

    • Such teams are formed to benefit from different sources of knowledge, to lower costs, or to create flexibility and responsiveness in staffing.