Outsource vs. hire

Description
In this video, I talk about the trade off between outsourcing versus hiring. In the video, I draw on my vast knowledge of business school experience and my over 20 years of entrepreneurship experience. I talk about how I relied on outsourcing as much as possible in the start up that I grew. In particular, I spent seven years managing a factory in China and a sales force in China (both remotely from Canada). In this role, I was working for a start up in the automotive manufacturing industry selling components to Ford, Chrysler, GM, VW, and other OEMs. In this role, I outsourced the: manufacturing, logistics, purchasing, and warehousing. The only function that I retained in the company was quality control and sales. This approach to outsourcing enabled us to grow quickly while minimizing expenses.

From my academic experience, I’m an associate professor of entrepreneurship and strategy in the Faculty of Business and Information Technology at Ontario Tech University. Prior to joining Ontario Tech University, I was an assistant professor at Nipissing University, Ryerson University, and Leibniz Universität Hannover. I also taught at the St. Petersburg Polytechinical University in Russia and the University of Bradford School of Management in Britain.