Student’s Last Name3
the organizational processes. To begin with, the first sourcing model is the Comprehensive
outsourcing (Oshri, Kotlarsky, and Willcocks, 2015 pp.20). The Bank may also consider others
which are the Joint venture, the Near Shoring, Shared Services, Multi-sourcing, Vertical,
Horizontal, and the build and operate outsourcing. The sourcing models are associated with
various benefits and risks which are outlined in a Bank’s perspective in this paper. The
Comprehensive outsourcing is also referred to as Total Outsourcing. This model engages the
service provider in the outsourcing process. It is beneficial since the performance is monitored
with no interference and also various operations which include the client, maintenance is carried
out. The risk involved with this model is that the service provider is provided control at a high
degree.
Joint Venture requires the Bank to engage with the service provider and issue all the
needed resources to start the business. This model is effective when applied to a new business.
This model is beneficial since the bank will incorporate the intellectual properties, capital as well
as personnel. Also, the profits and the losses are shared (Su, Levina and Ross, 2016 pp.81). The
risk associated with this model of outsourcing is that it cannot be effective in the ongoing
businesses; it is suitable for organizations which are not entering the market. Therefore, the Bank
cannot employ this model.
Near shoring involves outsourcing to the service providers who are within the country or
to the neighboring countries. It is beneficial since the Bank is offered with a great understanding
of the political state, economic, laws and culture which impacts organizations. It is associated
with risks of higher costs which are experienced.

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