40-1

The wisdom of outsourcing and the virtual office in the new millennium

M. J. GILLES, The Growth Group, 33852 Del Obispo St., #137, Dana Point, CA 92629-2132

American business no longer can afford to employ critical personnel for each and every core competency that is periodically required. The new commercial reality is that the giant company needs assistance to react more quickly and the smaller, more nimble company needs the same resources at times as their Goliath competitor. The modern answer is outsourcing those core capabilities to a group that can perform the required functions within the required time frame and then be disbanded---efficiently, effectively and economically. The parallel to consider is the very high risk, high reward process of movie making. Obviously, leading men and women, commanding millions per film, cannot be maintained on anyone's payroll. Since time memorial, the movie industry has outsourced virtually everything. The studio supplies the capital and the direction and then hires everyone required to accomplish the single, although very complex and difficult, task of completing a movie. Then every one goes their own way until the next film and a different group is assembled to complete it. As a food manufacturer, engaged in equally high risk, high reward stakes, you can do the same thing. If there is a new technology you need to understand and apply, a new product to develop, an acquisition to make, a new market to enter or any of hundreds of needs, you can't afford to have someone skilled and experienced in each of those areas. The presentations in this session will provide you with examples and case histories of that capability and how it can be of benefit to your organization, regardless of size.

Session 40, The wisdom of outsourcing and the virtual office in the new millennium (Part 1)
9:00 AM - 12:00 PM, 2002-06-17 Room 210 D

2002 Annual Meeting and Food Expo - Anaheim, California