Capacity Management and Make-vs.-Buy Decisions

The oil and gas industry is characterized by unpredictable boom and busts cycles. Companies must manage capacity to be able to quickly meet increasing demand during boom cycles and survive when oil prices go down. During this time, companies resort to in-house sourcing (“Make”) or buying externally (“Buy”) from suppliers, whichever is rational. Since 2014, the oil field services industry has been in a period of recession, and oil prices have dropped significantly. The company’s sourcing team asked us to analyze the Make-vs.-Buy scenarios. Our research has two primary objectives. First, to provide a methodical understanding of key Make-vs.-Buy decision factors for optimized capacity management during an upturn. Second, to develop a 2x2 assessment model that can assist in making the Make-vs.-Buy decision once the recession is over and prices have returned to a normal index. We interviewed research company personnel to get a better sense of their hypotheses: first, quantities ordered vary with boom/bust cycles; second, external pricing rises during boom cycles and falls during bust cycles; third, internal sourcing has a unified price that does not change with the boom/bust cycle. We tested the company’s hypotheses with a limited set of product data but could not verify them. To better assess the situation, we researched the factors considered by theorists when making a Make-vs.-Buy decision. Based on this research, we identified four assessment criteria -- strategic, technological, market and economic factors -- that are intrinsic as well as extrinsic to the company throughout the entire decision making process. Furthermore, we created a model to test boom and bust circumstances and provide a better testing mechanism for boom and bust cycles.

What is a Make-or-Buy Decision? A Business Strategy Guide

make or buy thesis

In the world of business, getting the right stuff at the right time is crucial. That's where procurement software steps in. It's like a turbo boost for your purchasing game, helping you buy smarter, save cash, and keep your operation running smoothly.

The make-or-buy decision remains a cornerstone of strategic planning. This critical decision involves choosing between manufacturing a product or component in-house or purchasing it from an external supplier. It's a complex consideration, intertwined with the core of business strategy and decision-making, requiring a deep dive into costs, quality control, compliance, and much more.

Understanding the Core Factors Influencing Make-or-Buy Decisions

Understanding the core factors that influence make-or-buy decisions is crucial for companies striving to maintain a competitive advantage and manage costs effectively. These decisions between in-house production and engaging external suppliers touch on various cost considerations, including direct, indirect, hidden, and purchasing costs , and also affect the company’s ability to control quality, comply with regulations, and respond to market demands with agility

Cost Analysis in Make-Or-Buy Decisions

The foundation of any make-or-buy analysis involves a deep dive into the costs associated. This includes not just the direct costs such as labor costs and cost of materials involved in the manufacturing process but also indirect costs like transportation costs and the cost of ownership. 

Hidden costs, which may arise from delays, quality issues, or additional capital requirements, also play a significant role. A comprehensive cost analysis helps decision makers understand the full financial implications, guiding them toward more cost-effective and strategic management decisions.

Quality Control in House Production and Outsourcing

Ensuring product quality is a critical concern whether opting for internal production or outsourcing services. Quality control measures must be stringent, as product quality directly affects customer satisfaction and the company's reputation. 

Companies must balance cost savings with maintaining high quality standards, often necessitating a close examination of potential suppliers' competence and quality assurance practices. Outsourcing decisions, therefore, must factor in the ability of external sources to meet product requirements consistently while also offering cost advantages.

Compliance and Regulatory Standards

Compliance with regulatory requirements and industry standards is another essential consideration. Outsourcing, especially to suppliers in different countries, introduces complexity due to varying regulations. Companies must ensure that external suppliers adhere to relevant legal standards to avoid compliance risks, which could result in significant indirect costs and impact the make-or-buy decision.

Capacity and Scalability Considerations

Evaluating the company’s current production capacity and its scalability potential is vital. In-house production may provide more control over quality and production processes, but outsourcing can be a more flexible option for scaling operations to meet market demand. This assessment helps companies align their manufacturing strategy with their corporate strategy, focusing on core competencies and leveraging external expertise when necessary.

Time to Market: Weighing Speed Against Quality

The trade-off between speed to market and maintaining high product quality is a significant factor in outsourcing decisions. While outsourcing services might offer quicker turnaround times and cost reductions, it’s essential to consider the potential impact on product quality and the overall cost structure. Decision makers must weigh these factors carefully, considering both the quantitative analysis of relevant costs and the qualitative implications for brand reputation and customer service.

Make-or-buy decisions require a thorough analysis of various factors, including cost concerns such as direct and indirect expenses, production costs, and the potential for cost savings through outsourcing. Additionally, quality control, compliance with regulations, and the ability to meet product requirements while protecting intellectual property are crucial. 

These decisions should reflect a company's strategic priorities, focusing on maintaining a competitive advantage through effective cost control, quality assurance, and leveraging both internal expertise and external capabilities. Decision makers must make informed decisions based on a comprehensive understanding of both the quantitative and qualitative aspects of these strategic choices.

Comparing In-House Production vs. Outsourcing: A Strategic Analysis

In operations management, the choice between internal manufacture and outsourcing is pivotal, directly impacting a company's flexibility, strategic alignment, and ultimately, its financial health. This complex decision-making process necessitates a comprehensive analysis, weighing financial criteria against nonfinancial criteria, and considering the influence of external environments on current operations.

Strategic Alignment and Flexibility

The decision between keeping operations in-house or outsourcing requires careful consideration of how each option aligns with the company's overarching strategic goals. This decision is not just about cost competitiveness; it's about ensuring the chosen path allows for adaptability in response to market changes and external pressures, including government regulations and the dynamics of supply chain management. Strategic alliances or joint ventures may offer alternative routes to achieving these goals, providing the needed flexibility without fully committing to outsourcing or internal manufacture.

Supplier Selection in Outsourcing

Choosing suppliers is a critical aspect of outsourcing. This goes beyond mere cost considerations to include a thorough empirical analysis of supplier reliability, quality control mechanisms, and their capacity to align with the focal firm's values and strategic objectives. Strategic alliances with suppliers, fostered through a social exchange that considers both parties as valuable exchange partners, can mitigate exchange hazards and enhance firm performance.

Comprehensive Cost Evaluation

The make-or-buy decision process involves a detailed evaluation of all relevant costs – from direct materials and energy costs to incremental purchasing costs and follow-on costs. This evaluation must account for unavoidable costs, extra costs associated with switching production modes, and the impact of these decisions on the company's break-even point. 

The financial analysis should include a cost-benefit analysis that considers both immediate and long-term financial health, incorporating direct control over costs and the implications of capacity utilization on overall cost competitiveness.

Expertise and Capabilities Analysis

A critical examination of internal expertise versus the capabilities offered by external sources is essential. This analysis, often conducted by a multi-disciplinary team or project team within the company, helps identify gaps in house skills, potential areas for cost reductions through domestic outsourcing, or opportunities for enhancing product quality and customer service by leveraging external expertise. 

This phase of the make-or-buy decision analysis should also consider the potential for innovation and how it could influence firm performance and competitive advantage.

Impact on Customer Service

The effects of these decisions extend to customer service, with direct implications for customer satisfaction. Whether the company opts for internal manufacture or outsourcing, the choice must support or enhance the quality of service delivered to customers. This requires a deep understanding of nonfinancial criteria, such as control over quality, the exchange process with suppliers, and the capacity to meet or exceed quality standards consistently.

Advanced Techniques for Optimizing Make-or-Buy Decisions

This optimization hinges on a comprehensive integration of various techniques ranging from data analysis to building supplier relationships and understanding legal implications. Each of these elements plays a vital role in refining the strategic planning process, ensuring that decisions regarding in-house production or outsourcing align closely with overall business strategy, cost savings goals, and customer service enhancement.

Integrating Data Analysis for Strategic Decision-Making

Leveraging data analytics and integrating business insights into the make-or-buy decision-making process allow companies to perform a more sophisticated cost analysis and quantitative analysis. This integrated analysis provides a clearer picture of the financial and operational implications of either in-house production or outsourcing. By utilizing purchase management software that incorporates data analytics, businesses can achieve deeper insights into cost savings, quality control, compliance, scalability, and time to market, facilitating more informed and strategic decisions.

Developing Supplier Partnerships for Outsourcing Success

The success of outsourcing significantly depends on the strategic selection and management of suppliers. Developing strong, long-term partnerships with suppliers can lead to substantial cost savings, improved quality control, and better scalability. 

Strategic analysis focused on supplier selection ensures that the chosen suppliers are not only reliable but also align with the company’s environmental impact goals and innovation integration strategies. This collaborative approach to outsourcing fosters a synergy that enhances product design, compliance adherence, and customer service.

Navigating Legal Considerations

The make-or-buy decision is fraught with legal implications that can affect business strategy and operational flexibility. A thorough understanding of contracts, intellectual property rights, and compliance with regulatory requirements is essential. Integrating legal considerations into the decision-making process ensures that the chosen path, whether it’s in-house production or outsourcing, minimizes legal risks while maximizing strategic advantages. 

Compliance and legal considerations should be factored into the comprehensive decision-making process to safeguard the company’s interests and facilitate smooth execution of the chosen strategy.

Executing Comprehensive Decision-Making

Transitioning from strategy to execution in make-or-buy decisions requires a holistic approach that encompasses all relevant aspects, including cost analysis, quality control, legal implications, scalability, and the environmental impact of the options under consideration. Integrated analysis that combines quantitative data with strategic insights allows for a more nuanced understanding of the trade-offs between in-house production and outsourcing. This approach ensures that the decision not only aligns with the company’s core business strategy but also positions it for future growth, innovation integration, and sustainability.

make or buy decisions in procurement flowchart

Addressing Complex Challenges in Make-or-Buy Scenarios

In addressing the multifaceted challenges inherent in make-or-buy scenarios, businesses must navigate a landscape marked by the need for innovation, efficiency, sustainability, and strategic partnerships. The make-or-buy decision, a critical aspect of a company's manufacturing strategy and corporate strategy, requires a comprehensive analysis of both internal production capabilities and the potential benefits of outsourcing to external suppliers. 

This decision-making process impacts not only cost structures and quality control but also a company’s ability to innovate and meet product requirements while maintaining its competitive advantage.

Influence on Product Design and Innovation

The decision between in-house production and utilizing external suppliers plays a significant role in a company's product design and innovation capacity. In-house production allows for direct control over the manufacturing process, ensuring that quality standards are met and that any innovation integration is closely aligned with the company's core competencies. However, outsourcing decisions can open doors to external expertise and technologies, potentially offering new avenues for innovation beyond the current operations pattern or house skills. 

This complex process involves weighing the cost savings and cost reductions against the need for direct control over quality and the potential for hidden costs in outsourcing services.

Role of Purchase Management Software

Integrating technology, specifically purchase management software, into the make-or-buy decision process can significantly enhance managerial decisions by providing empirical analysis and insights into cost considerations, including direct costs, indirect costs, and transaction costs. This software aids in identifying cost advantages, streamlining supply chain management, and ensuring cost control. 

Additionally, it offers a platform for a more informed decision-making process by tracking cost savings, production costs, and the overall financial health of outsourcing versus in-house production scenarios.

Sustainability and Environmental Impact

The environmental impact and sustainability considerations have become central to the make-or-buy analysis, pushing decision-makers to consider not only the cost-effective and cost-competitive aspects but also the long-term implications for ecological responsibility. Companies are increasingly assessing the environmental impact of both in-house production and outsourcing, evaluating energy costs, the sustainability of materials, and the environmental practices of potential suppliers. 

This assessment aligns with broader corporate strategy goals, incorporating sustainability into core business practices and leveraging external sources that share these values.

Leveraging External Expertise for Innovation

Outsourcing presents an opportunity to tap into the innovative capabilities of external sources. By establishing strategic alliances or joint ventures with competent suppliers, companies can gain access to new technologies and expertise that may be lacking in-house, driving product quality and innovation. 

This approach requires a strategic management journal-level analysis to ensure alignment with the company’s core competencies and innovation goals. The selection of current suppliers or potential new partners must be based on a rigorous make-or-buy decision analysis that considers the quality standards, intellectual property rights, and the potential for collaborative innovation.

make or buy thesis

Financial Analysis: Costing and Budgeting for Make-or-Buy Decisions

In financial analysis, particularly when assessing the complexities of make-or-buy decisions, understanding and implementing various costing and budgeting techniques are essential for any business strategy. These analyses, including marginal cost analysis, the evaluation of opportunity costs, and break-even analysis, are foundational tools that aid in the strategic decision-making process, directly impacting a company's cost savings, scalability, and time to market.

Marginal Cost Analysis for Strategic Insight

Marginal cost analysis is a critical component in the make-or-buy decision process, offering detailed insights into the variable costs associated with producing additional units in-house versus the costs of outsourcing. 

This quantitative analysis helps businesses determine the cost-effectiveness of each option, considering both direct costs such as labor and materials and indirect costs like overhead. By understanding these costs, companies can make informed decisions that align with their overall business strategy and objectives for cost control and quality control.

Opportunity Cost in Strategic Business Decisions

The concept of opportunity cost plays a pivotal role in the make-or-buy analysis, compelling companies to consider the benefits they must forgo when choosing between in-house production and outsourcing. 

This strategic analysis extends beyond simple cost savings to encompass factors such as product design flexibility, innovation integration, and compliance with legal and environmental standards. Assessing opportunity costs ensures that decision-makers are aware of the full spectrum of implications each choice has on scalability, customer service, and the company’s competitive advantage in the market.

Break-even Analysis for Decision Making

Conducting a break-even analysis provides businesses with a clear point of comparison between the costs associated with in-house production and those tied to outsourcing. This analysis is instrumental in understanding at what production level in-house efforts become more cost-effective or when outsourcing offers a financial advantage. Integrated analysis tools, such as purchase management software, can automate and streamline this process, offering real-time data that supports more accurate and efficient decision-making. 

The break-even point is crucial for assessing how each option fits into the company’s larger cost structure and financial health, considering all relevant costs, including transaction costs, production costs, and any potential cost reductions.

Integrating Analysis into Business Strategy

The integration of marginal cost analysis, opportunity cost evaluation, and break-even analysis into the company’s strategic planning process is essential for navigating the complexities of make-or-buy decisions. T

hese financial analyses provide a foundation for a comprehensive cost analysis, which, when coupled with considerations for quality control, compliance, environmental impact, and innovation integration, helps define the most cost-effective, scalable, and strategic path forward. 

Utilizing advanced tools like purchase management software enables businesses to conduct these analyses with greater accuracy and efficiency, ensuring that decisions are informed by a holistic view of both financial criteria and strategic business objectives.

Beyond Numbers: Evaluating Qualitative Factors in Make-or-Buy Decisions

In the intricate process of make-or-buy decisions, the assessment transcends quantitative measures, incorporating several qualitative factors crucial for comprehensive decision-making. This evaluation covers areas such as supplier reliability, understanding and aligning with customer preferences, the potential impact on brand reputation, operational flexibility, fostering innovation, adhering to ethical considerations, ensuring effective communication, and maintaining delivery timeliness. These elements are vital for businesses aiming to uphold high standards of quality and service, ultimately influencing the company’s standing in a competitive market.

Evaluating Qualitative Factors

  • Supplier Reliability: Establishing trust with suppliers ensures consistency in quality and supply chain efficiency. The reliability of suppliers becomes a cornerstone for companies, especially when outsourcing parts of their production process.
  • Customer Preferences: Understanding and aligning with customer expectations is paramount. Decisions that fail to consider customer needs can adversely affect market share and profitability.
  • Brand Reputation: Brand perception in the market can be significantly influenced by make-or-buy decisions. Opting for cost-cutting measures that compromise quality can tarnish a brand’s reputation.
  • Flexibility: The ability to respond to market changes rapidly is a critical aspect. Flexibility in operations, whether through in-house production or outsourcing, allows businesses to adapt to consumer demands and technological advancements.
  • Innovation: Sourcing externally can introduce new ideas and technologies into the product development process, enhancing the company's innovative capacity.
  • Ethical Considerations: Ethical sourcing and production practices are increasingly influencing consumer choices. Companies must ensure their decisions reflect a commitment to ethical standards.
  • Communication: Effective communication with suppliers and within the organization is essential for smooth operation and problem resolution.
  • Delivery Timeliness: Maintaining a reputation for reliability through timely deliveries is crucial, especially in industries where time is of the essence.

Achieving Excellence in Make-or-Buy Decisions

To excel in making these complex decisions, businesses must integrate a holistic approach that considers both financial and qualitative factors. Leveraging technological advancements, such as purchase management software, plays a pivotal role in enhancing strategic decision-making capabilities. These technologies offer comprehensive insights, improve efficiency, and ensure that companies are better equipped to make informed decisions that align with their strategic goals and market demands.

Utilizing advanced analytical tools can help businesses effectively weigh all aspects of the make-or-buy decision, from cost implications to the qualitative factors that influence brand integrity and customer satisfaction. By doing so, companies can achieve a balanced approach that not only focuses on immediate cost benefits but also on long-term strategic advantages, ensuring that they remain competitive and responsive in a rapidly evolving global market.

Frequently Asked Questions (FAQs) About Make-or-Buy Decisions

Welcome to our FAQ section, where we address common inquiries regarding make-or-buy decisions. If you're a high-level executive in a hardware-centered, procurement-heavy company, these answers will provide valuable insights to guide your strategic choices.

What is a make-or-buy decision, and why is it significant?

A make-or-buy decision is a pivotal choice faced by businesses when deciding whether to produce goods or services internally (make) or outsource them from external suppliers (buy). This decision holds strategic significance, impacting factors like cost, quality, innovation, resource allocation, and competitive positioning.

How can I determine if making in-house or buying from suppliers is the right choice?

The decision should be based on a comprehensive analysis of core competencies, cost structures, production volume, long-term sustainability, intellectual property concerns, and market demands. It's essential to weigh the benefits and drawbacks of each option against your company's unique strengths and goals.

What role do cost considerations play in make-or-buy decisions?

Cost is a crucial factor, but it's not the sole determinant. Beyond direct costs, include indirect costs, opportunity costs, and potential risks. A thorough cost analysis should consider factors like production volume, economies of scale, variable versus fixed costs, and possible future cost fluctuations.

How can I ensure a smooth transition when outsourcing production?

Nurturing strong supplier relationships is key. Open communication, alignment of expectations, and clearly defined roles and responsibilities are essential. Employ modern tools, like digital platforms, to streamline communication and collaboration for optimal results.

What is the role of sustainability in make-or-buy decisions?

Sustainability considerations are increasingly vital. Companies are expected to make environmentally conscious choices. Evaluate the ecological impact of both options and align your decisions with sustainability goals. Outlining a green procurement strategy can enhance reputation and stakeholder engagement.

How can I integrate innovation into make-or-buy decisions?

Embrace collaborative innovation. Engage external partners with specialized expertise to infuse fresh ideas into your products or processes. This can lead to breakthroughs, enhanced product offerings, and competitive advantage.

How do I manage legal and contractual complexities when outsourcing?

Legal and contractual aspects require meticulous attention. Work with legal experts to draft contracts that outline terms, intellectual property rights, confidentiality, dispute resolution mechanisms, and clear exit strategies to safeguard your interests.

What technology solutions can aid in make-or-buy decisions?

Procurement automation software like purchase management software, procurement software , and data analytics tools can streamline decision-making. These technologies enhance efficiency, accuracy, and strategic insight by providing real-time data, automating processes, and facilitating informed choices.

Can I change my decision later if circumstances evolve?

Flexibility is key. Circumstances change, and your strategy should be adaptable. While switching from make to buy or vice versa can involve challenges, it's essential to periodically reassess your choices based on market shifts, technological advancements, and internal capabilities.

How do make-or-buy decisions align with long-term business success?

Make-or-buy choices are fundamental to your business's success. When approached strategically, they shape your company's trajectory, influence market positioning, foster innovation, optimize resource allocation, and contribute to sustained growth and profitability.

These FAQs provide a foundation for navigating the intricate world of make-or-buy decisions. Remember, each choice is an opportunity to steer your business toward excellence, adaptability, and innovation in an ever-evolving business landscape.

make or buy thesis

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Hasan, Junaidah. "MAKE OR BUY DECISION AND TECHNOLOGY CHOICE." OpenSIUC, 2018. https://opensiuc.lib.siu.edu/dissertations/1615.

Palmgren, Daniella, and Bränneby Linn. "Outsourcing versus in-house production : Development of a make-or-buy decision model at Atlas Copco Rock Drills AB." Thesis, Linköpings universitet, Industriell ekonomi, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-119496.

Lammers, Markus. "Sourcing decision making in the banking industry." Berlin Pro Business, 2005. http://deposit.ddb.de/cgi-bin/dokserv?id=2675692&prov=M&dok_var=1&dok_ext=htm.

Matthee, Thomas Francois. "Make, buy or rent decision for information systems in the heavy engineering industry / Matthee, T.F." Thesis, North-West University, 2011. http://hdl.handle.net/10394/7032.

Hancock, Rian. "The make-or-and-buy decision for in-house legal department : a concurrent sourcing approach." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/59836.

Mobus, Sandra. "Verticalização e terceirização das atividades logísticas : estudo de casos múltiplos no setor químico." reponame:Biblioteca Digital de Teses e Dissertações da UFRGS, 2012. http://hdl.handle.net/10183/56077.

Aceituno, Thiago Karam. "Elaboração de modelo de tomada de decisão "Make or Buy" para empresas do segmento industrial de autopeças /." Guaratinguetá, 2018. http://hdl.handle.net/11449/182590.

Åkerström, Björn, and Rasmus Skarphagen. "The role of financial and non-financial goals in the make or buy decision at a family firm : A case study on Väderstad AB." Thesis, Internationella Handelshögskolan, Jönköping University, IHH, Centre of Logistics and Supply Chain Management (CeLS), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-48697.

Weber, Deisi Luana Diel. "Sourcing decision: a behavioral perspective, a replication of david hall teses." Universidade do Vale do Rio dos Sinos, 2015. http://www.repositorio.jesuita.org.br/handle/UNISINOS/5224.

Blomkvist, Klas, and Samuel Cervall. "Globala försörjningsbeslut i en industriell kontext." Thesis, Tekniska Högskolan, Högskolan i Jönköping, JTH, Industriell organisation och produktion, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-32257.

Ricketts, Philip M. "Modeling the "Make-or-Buy" Logistics Decision: An Empirical Analysis of the Logistic Decision Drivers for Suppliers and Manufacturers in Vendor Managed Inventory Relationships." Thesis, University of North Texas, 1999. https://digital.library.unt.edu/ark:/67531/metadc278404/.

Köhler, Florian. "Reps or agents or both: Managers' rationale behind how to organize the sales function : About the rationale of decision-makers in manufacturing companies of the Swedish prefabricated wooden house industry behind the organization of sales forces." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-30273.

Onemli, Muharrem Burak. "Three essays on regulatory economics." Diss., Manhattan, Kan. : Kansas State University, 2010. http://hdl.handle.net/2097/4258.

Öhlin, Ebba. "The decision behind outsourcing New Product Development : An exploratory case study in the context of technical products." Thesis, Karlstads universitet, Fakulteten för hälsa, natur- och teknikvetenskap (from 2013), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-78905.

Ilten, Paul. "Ansätze für profitables Wachstum von BPO-Dienstleistern." Doctoral thesis, Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden, 2015. http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-175529.

Ekelund, Martin, and Erik Pettersson. "Make or buy? : Developing a generic framework for make-or-buy decisions at Cardo AB." Thesis, Linköping University, Logistics, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-57288.

Cardo AB is an international corporate group that has performed major organizational changes the last few years. These changes utilize possible synergies that exist in a corporate group. One of the initiatives is that Cardo wants to develop a model for make-or-buy decisions. Therefore, the purpose of this thesis is stated as:

The study’s purpose is to develop a generic model for make-or-buy decisions at Cardo.

To develop the model, a theoretical study was conducted, where four main aspects were identified: core capability, risk, cost and relationship. For each aspect, a tool to define what the aspects consist of was identified. The aspects were combined together into a model, called model version 1. To enhance and adjust the model to suit Cardo’s situation, an empirical study was conducted. In the empirical study, it was investigated how different sites within Cardo are currently working with make-or-buy decisions. Moreover, in the empirical study it was also revealed how Cardo is dealing with each of the aspects identified in theory. The combination of theory and empirical study formed the enhanced model, called model version 2. The last step in the procedure was to let several end-users review the model and suggest improvements. After this step, the final model was formed, called model version 3.The model combines the best practices from Cardo with the latest theoretical aspects. Using this model will help Cardo deal with make-or-buy decisions in a structured way. The model highlights the importance of connecting business strategy with the core capabilities of Cardo and provides a tool to identify this connection. Furthermore, the model highlights risks connected to outsourcing and provides tools to identify these risks. The model also applies a total cost approach. To calculate the different costs, a model is presented that functions as a guide when quantifying costs. Lastly, the model shows the importance of developing a proper relationship with the supplier according to the strategic importance of the product.Cardo AB is an international corporate group that has performed major organizational changes the last few years. These changes utilize possible synergies that exist in a corporate group. One of the initiatives is that Cardo wants to develop a model for make-or-buy decisions. Therefore, the purpose of this thesis is stated as:The study’s purpose is to develop a generic model for make-or-buy decisions at Cardo.To develop the model, a theoretical study was conducted, where four main aspects were identified: core capability, risk, cost and relationship. For each aspect, a tool to define what the aspects consist of was identified. The aspects were combined together into a model, called model version 1. To enhance and adjust the model to suit Cardo’s situation, an empirical study was conducted. In the empirical study, it was investigated how different sites within Cardo are currently working with make-or-buy decisions. Moreover, in the empirical study it was also revealed how Cardo is dealing with each of the aspects identified in theory. The combination of theory and empirical study formed the enhanced model, called model version 2. The last step in the procedure was to let several end-users review the model and suggest improvements. After this step, the final model was formed, called model version 3.The model combines the best practices from Cardo with the latest theoretical aspects. Using this model will help Cardo deal with make-or-buy decisions in a structured way. The model highlights the importance of connecting business strategy with the core capabilities of Cardo and provides a tool to identify this connection. Furthermore, the model highlights risks connected to outsourcing and provides tools to identify these risks. The model also applies a total cost approach. To calculate the different costs, a model is presented that functions as a guide when quantifying costs. Lastly, the model shows the importance of developing a proper relationship with the supplier according to the strategic importance of the product.

Cervi, André Felipe Corrêa. "Fazer ou comprar: proposta de uma estrutura para o processo decisório e aplicação de métodos de decisão multicritério." Universidade de São Paulo, 2017. http://www.teses.usp.br/teses/disponiveis/18/18156/tde-18092017-100953/.

Goehlich, Robert A. "Make-or-buy decisions in aerospace organizations essays on strategic efficiency improvements." Wiesbaden Gabler, 2008. http://d-nb.info/992136121/04.

Rother, Steve. "Make-or-Buy-Entscheidungen für die Energiebereitstellung von Industrieunternehmen – ein Bewertungskonzept." Doctoral thesis, Universitätsbibliothek Chemnitz, 2016. http://nbn-resolving.de/urn:nbn:de:bsz:ch1-qucosa-212134.

Cáñez, Olvera Laura Esther. "Industrial make-or-buy decisions : developing a framework and a practical process." Thesis, University of Cambridge, 2001. https://www.repository.cam.ac.uk/handle/1810/251770.

Brady, Tim. "Software make or buy decisions in the first forty years of business computing." Thesis, University of Sussex, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.363359.

ALESTRÖM, FRIDTJOF GUSTAF. "Adoption of New InformationTechnology : A case study on a Norwegian governmentalorganization." Thesis, KTH, Skolan för industriell teknik och management (ITM), 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-299874.

Suhett, Lorena Pimentel. "Abordagem sistemática para a tomada de decisão "make or buy" no desenvolvimento de produtos complexos." Instituto Tecnológico de Aeronáutica, 2010. http://www.bd.bibl.ita.br/tde_busca/arquivo.php?codArquivo=2790.

Fernandez, Martinez Pablo Enrique. "THE MAKE-OR-BUY DECISIONS IN ITALCEMENTI PACKING SOLUTIONS : A quantitative approach in the global purchasing strategy context." Thesis, KTH, Industriell ekonomi och organisation (Inst.), 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-102835.

Nguyen, Hung Phu. "The Values, Institutions, and Market Factors in the Make-or-Buy decisions of the United States Postal Service." The Ohio State University, 2008. http://rave.ohiolink.edu/etdc/view?acc_num=osu1228176136.

Hjerm, Oscar, and Felix Drangel. "Underlying motives affecting an original equipment manufacturer’s make-or-buy decisions in the reverse-flow of electric vehicle batteries." Thesis, Blekinge Tekniska Högskola, Institutionen för industriell ekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-21967.

Veloso, Germany Gonçalves. "Análise de terceirizações em serviços de apoio diagnóstico e terapêutico em hospitais privados: aplicação de modelos de decisão 'Make or Buy' em hospitais." reponame:Repositório Institucional do FGV, 2005. http://hdl.handle.net/10438/2290.

Sörensen, Kim. "MANUFACTURING FOOTPRINT STRATEGY - COMING OUT OF THE “BLACK HOLE” : A positioning strategy with concept factories supporting the product life cycle and make-or-buy decisions." Thesis, Mälardalen University, School of Innovation, Design and Engineering, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-10017.

The role of the manufacturing units has a big impact on a company’s business. If competitive priorities and the production weapons can be merged together and describe a factory profile, it can be a factor that provides the competitive advantages for the company. This thesis has two objectives in this area, the industrial and the academic.

The industrial objective will investigate how we can visualize and describe a manufacturing structure and make the desired positioning. The manufacturing footprint structure will be set up according to the performance objectives Innovation, Flexibility, Lead-time and Efficiency representing the product life cycle that also support decisions for the make or buy process. The result is a model that describes the manufacturing structure and a conflict area, or a “Black Hole”, is indentified and is leading to the academic research questions; why most of the manufacturing units are positioned in the conflict area and how to leave the “Black Hole”? The intersection in the views of positioning, knowledge and the network paradox are analysed and a scaled model connected to Dreyfus knowledge model, brings some understanding to the positioning problem.

A process model is proposed for the characteristic profiles of the concept factories and how to move to the desired positions. This concept can be applied on a group of manufacturing units and handle the trade off dilemmas for the separate units by letting a group of units achieve top performance for all the performance objectives. The visualization and relation to the products life cycle can contribute to communication and developing the manufacturing footprint strategy. The model has been tested, in a positioning context for strategic purchasing with experience of supplier quality audits for positioning suppliers, with positive result.

Further research of top performance factories would be interesting to do in order to find out their 8M profiles and identify more trade off dilemmas, connecting them to the different performance objectives in order to support the development in moving to different desired directions.

Woest, Christo. "Factors that affect the make or buy decision at Dalein Feeds." 2011. http://encore.tut.ac.za/iii/cpro/DigitalItemViewPage.external?sp=1000496.

Wu, Chia-Mei, and 吳佳玫. "Make or Buy Decision with Considerations of Manufacture Yield and Profit." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/55462621602113244674.

Wu, Min-Sheng, and 吳閔勝. "“Make or Buy” Decision Process for Parts of Weapon System: A Case Study." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/16700628135625067413.

Fu, Hsueh-Hsing, and 傅學興. "A Case Study of Make or Buy Decision Framework on Optical Communication Products." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/06595637286335081356.

Chang, Victor, and 張木榮. "Make or Buy Decision Process for Taiwan Wireless Surveillance Industry: A Case Study." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/45224553090430872140.

方祥合. "“Make or Buy” Decision Process for Component of TFT-LCD Equipment: A Case Study." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/58224261917793080530.

黃祐鈞. "A Case of Make or Buy Decision Framework on production process of TFT-LCD." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/96256509674603896026.

Yu-Yen, Wu, and 吳毓晏. "The Impact of Uncertainty of Demand Variance on Make-or-Buy Decision in Two-Periods." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/21718040079743101374.

Lo, Gyver, and 羅仁忠. "Competitive Advantage and Make or Buy Decision of Mask Supply in IC Foundry - A Case Study of T & U company." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/19063856556330094942.

Arvelos, Pedro Alcântara. "When to make or buy?" Master's thesis, 2014. http://hdl.handle.net/10400.26/7674.

Ilten, Paul. "Ansätze für profitables Wachstum von BPO-Dienstleistern: Marktbearbeitungsmöglichkeiten auf Basis theoretisch-konzeptioneller Ansatzpunkte zur Bedarfsermittlung." Doctoral thesis, 2014. https://slub.qucosa.de/id/qucosa%3A5711.

Cunha, Abílio Paulo Pinto Torres da. "O Papel do Plural Sourcing na decisão Make-or-Buy." Dissertação, 2019. https://hdl.handle.net/10216/122964.

Cunha, Abílio Paulo Pinto Torres da. "O Papel do Plural Sourcing na decisão Make-or-Buy." Master's thesis, 2019. https://hdl.handle.net/10216/122964.

Smith, Craig R. "Make or buy? a theoretical and empirical investigation of public sector contracting decisions /." 2007. http://purl.galileo.usg.edu/uga%5Fetd/smith%5Fcraig%5Fr%5F200712%5Fphd.

Rother, Steve. "Make-or-Buy-Entscheidungen für die Energiebereitstellung von Industrieunternehmen – ein Bewertungskonzept." Doctoral thesis, 2014. https://monarch.qucosa.de/id/qucosa%3A20576.

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  • Business Essentials

Make-or-Buy Decision Explained: How to Make Outsourcing Decisions

make or buy thesis

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications.

make or buy thesis

Investopedia / Zoe Hansen

What Is a Make-or-Buy Decision?

  • A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier.

Also referred to as an outsourcing decision, a make-or-buy decision compares the costs and benefits associated with producing a necessary good or service internally to the costs and benefits involved in hiring an outside supplier for the resources in question.

To compare costs accurately, a company must consider all aspects regarding the acquisition and storage of the items versus creating the items in-house, which may require the purchase of new equipment, as well as storage costs.

Key Takeaways

  • Make-or-buy decisions, like outsourcing decisions, speak to a comparison of the costs and advantages of producing in-house versus buying it elsewhere.
  • There are many factors at play that may tilt a company from making an item in-house or outsourcing it, such as labor costs, lack of expertise, storage costs, supplier contracts, and lack of sufficient volume.
  • Companies use quantitative analysis to determine whether making or buying is the most cost-efficient method.

Understanding a Make-or-Buy Decision

Regarding in-house production, a business must include expenses related to the purchase and maintenance of any production equipment and the cost of production materials. Costs to make the product can include the additional labor required to produce the items, which takes the form of wages and benefits, storage requirements within the facility, holding costs overall, and the proper disposal of any remnants or byproducts from the production process.

Buy costs related to purchasing the products from an outside source must include the price of the good itself, any shipping or importing fees, and applicable sales tax charges. Additionally, the company must factor in the expenses relating to the storage of the incoming product and labor costs associated with receiving the products into inventory . It also includes signing any contracts with suppliers that might require the company to be locked-in to certain deals for a certain period of time.

In a make-or-buy decision, the most important factors to consider are part of quantitative analysis, such as the associated costs of production and whether the business can produce at required levels.

Choosing Make or Buy

The results of the quantitative analysis may be sufficient to make a determination based on the approach that is more cost-effective. At times, the qualitative analysis addresses any concerns a company cannot measure specifically.

Factors that may influence a firm's decision to buy a part rather than produce it internally include a lack of in-house expertise, small volume requirements, a desire for multiple sourcing, and the fact that the item may not be critical to the firm's strategy.

A company may give additional consideration if the firm has the opportunity to work with a company that has previously provided outsourced services successfully and can sustain a long-term relationship.

If a firm is going to buy or outsource, it's essential that they work with a company that they can rely on for the long-term.

Similarly, factors that may tilt a firm toward making an item in-house include existing idle production capacity, better quality control , or proprietary technology that needs to be protected. A company may also consider concerns regarding the reliability of the supplier, especially if the product in question is critical to normal business operations. The firm should also consider whether the supplier can offer the desired long-term arrangement if that is what it requires.

Why Choose?

If a company is already in business there may be a point when certain situations arise that will cause a company to pause and consider which direction it should proceed in; whether it should buy or make the parts or products it needs .

Some of these events could be a trusted supplier shutting down, an increase or decrease in demand for the product, or a possible path for new opportunities. At these junctions, management will have to consider the advantages of either making or buying the product, which can also be outside of a cost-benefit analysis. Will one decision lead to economies of scale , to a possible new product line, or a restructuring of the core business?

Depending on the business and its place in the market , there will be both advantages and disadvantages of continuing down the same path or forging a new one.

make or buy thesis

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How To Write A Dissertation Or Thesis

8 straightforward steps to craft an a-grade dissertation.

By: Derek Jansen (MBA) Expert Reviewed By: Dr Eunice Rautenbach | June 2020

Writing a dissertation or thesis is not a simple task. It takes time, energy and a lot of will power to get you across the finish line. It’s not easy – but it doesn’t necessarily need to be a painful process. If you understand the big-picture process of how to write a dissertation or thesis, your research journey will be a lot smoother.  

In this post, I’m going to outline the big-picture process of how to write a high-quality dissertation or thesis, without losing your mind along the way. If you’re just starting your research, this post is perfect for you. Alternatively, if you’ve already submitted your proposal, this article which covers how to structure a dissertation might be more helpful.

How To Write A Dissertation: 8 Steps

  • Clearly understand what a dissertation (or thesis) is
  • Find a unique and valuable research topic
  • Craft a convincing research proposal
  • Write up a strong introduction chapter
  • Review the existing literature and compile a literature review
  • Design a rigorous research strategy and undertake your own research
  • Present the findings of your research
  • Draw a conclusion and discuss the implications

Start writing your dissertation

Step 1: Understand exactly what a dissertation is

This probably sounds like a no-brainer, but all too often, students come to us for help with their research and the underlying issue is that they don’t fully understand what a dissertation (or thesis) actually is.

So, what is a dissertation?

At its simplest, a dissertation or thesis is a formal piece of research , reflecting the standard research process . But what is the standard research process, you ask? The research process involves 4 key steps:

  • Ask a very specific, well-articulated question (s) (your research topic)
  • See what other researchers have said about it (if they’ve already answered it)
  • If they haven’t answered it adequately, undertake your own data collection and analysis in a scientifically rigorous fashion
  • Answer your original question(s), based on your analysis findings

 A dissertation or thesis is a formal piece of research, reflecting the standard four step academic research process.

In short, the research process is simply about asking and answering questions in a systematic fashion . This probably sounds pretty obvious, but people often think they’ve done “research”, when in fact what they have done is:

  • Started with a vague, poorly articulated question
  • Not taken the time to see what research has already been done regarding the question
  • Collected data and opinions that support their gut and undertaken a flimsy analysis
  • Drawn a shaky conclusion, based on that analysis

If you want to see the perfect example of this in action, look out for the next Facebook post where someone claims they’ve done “research”… All too often, people consider reading a few blog posts to constitute research. Its no surprise then that what they end up with is an opinion piece, not research. Okay, okay – I’ll climb off my soapbox now.

The key takeaway here is that a dissertation (or thesis) is a formal piece of research, reflecting the research process. It’s not an opinion piece , nor a place to push your agenda or try to convince someone of your position. Writing a good dissertation involves asking a question and taking a systematic, rigorous approach to answering it.

If you understand this and are comfortable leaving your opinions or preconceived ideas at the door, you’re already off to a good start!

 A dissertation is not an opinion piece, nor a place to push your agenda or try to  convince someone of your position.

Step 2: Find a unique, valuable research topic

As we saw, the first step of the research process is to ask a specific, well-articulated question. In other words, you need to find a research topic that asks a specific question or set of questions (these are called research questions ). Sounds easy enough, right? All you’ve got to do is identify a question or two and you’ve got a winning research topic. Well, not quite…

A good dissertation or thesis topic has a few important attributes. Specifically, a solid research topic should be:

Let’s take a closer look at these:

Attribute #1: Clear

Your research topic needs to be crystal clear about what you’re planning to research, what you want to know, and within what context. There shouldn’t be any ambiguity or vagueness about what you’ll research.

Here’s an example of a clearly articulated research topic:

An analysis of consumer-based factors influencing organisational trust in British low-cost online equity brokerage firms.

As you can see in the example, its crystal clear what will be analysed (factors impacting organisational trust), amongst who (consumers) and in what context (British low-cost equity brokerage firms, based online).

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make or buy thesis

Attribute #2:   Unique

Your research should be asking a question(s) that hasn’t been asked before, or that hasn’t been asked in a specific context (for example, in a specific country or industry).

For example, sticking organisational trust topic above, it’s quite likely that organisational trust factors in the UK have been investigated before, but the context (online low-cost equity brokerages) could make this research unique. Therefore, the context makes this research original.

One caveat when using context as the basis for originality – you need to have a good reason to suspect that your findings in this context might be different from the existing research – otherwise, there’s no reason to warrant researching it.

Attribute #3: Important

Simply asking a unique or original question is not enough – the question needs to create value. In other words, successfully answering your research questions should provide some value to the field of research or the industry. You can’t research something just to satisfy your curiosity. It needs to make some form of contribution either to research or industry.

For example, researching the factors influencing consumer trust would create value by enabling businesses to tailor their operations and marketing to leverage factors that promote trust. In other words, it would have a clear benefit to industry.

So, how do you go about finding a unique and valuable research topic? We explain that in detail in this video post – How To Find A Research Topic . Yeah, we’ve got you covered 😊

Step 3: Write a convincing research proposal

Once you’ve pinned down a high-quality research topic, the next step is to convince your university to let you research it. No matter how awesome you think your topic is, it still needs to get the rubber stamp before you can move forward with your research. The research proposal is the tool you’ll use for this job.

So, what’s in a research proposal?

The main “job” of a research proposal is to convince your university, advisor or committee that your research topic is worthy of approval. But convince them of what? Well, this varies from university to university, but generally, they want to see that:

  • You have a clearly articulated, unique and important topic (this might sound familiar…)
  • You’ve done some initial reading of the existing literature relevant to your topic (i.e. a literature review)
  • You have a provisional plan in terms of how you will collect data and analyse it (i.e. a methodology)

At the proposal stage, it’s (generally) not expected that you’ve extensively reviewed the existing literature , but you will need to show that you’ve done enough reading to identify a clear gap for original (unique) research. Similarly, they generally don’t expect that you have a rock-solid research methodology mapped out, but you should have an idea of whether you’ll be undertaking qualitative or quantitative analysis , and how you’ll collect your data (we’ll discuss this in more detail later).

Long story short – don’t stress about having every detail of your research meticulously thought out at the proposal stage – this will develop as you progress through your research. However, you do need to show that you’ve “done your homework” and that your research is worthy of approval .

So, how do you go about crafting a high-quality, convincing proposal? We cover that in detail in this video post – How To Write A Top-Class Research Proposal . We’ve also got a video walkthrough of two proposal examples here .

Step 4: Craft a strong introduction chapter

Once your proposal’s been approved, its time to get writing your actual dissertation or thesis! The good news is that if you put the time into crafting a high-quality proposal, you’ve already got a head start on your first three chapters – introduction, literature review and methodology – as you can use your proposal as the basis for these.

Handy sidenote – our free dissertation & thesis template is a great way to speed up your dissertation writing journey.

What’s the introduction chapter all about?

The purpose of the introduction chapter is to set the scene for your research (dare I say, to introduce it…) so that the reader understands what you’ll be researching and why it’s important. In other words, it covers the same ground as the research proposal in that it justifies your research topic.

What goes into the introduction chapter?

This can vary slightly between universities and degrees, but generally, the introduction chapter will include the following:

  • A brief background to the study, explaining the overall area of research
  • A problem statement , explaining what the problem is with the current state of research (in other words, where the knowledge gap exists)
  • Your research questions – in other words, the specific questions your study will seek to answer (based on the knowledge gap)
  • The significance of your study – in other words, why it’s important and how its findings will be useful in the world

As you can see, this all about explaining the “what” and the “why” of your research (as opposed to the “how”). So, your introduction chapter is basically the salesman of your study, “selling” your research to the first-time reader and (hopefully) getting them interested to read more.

How do I write the introduction chapter, you ask? We cover that in detail in this post .

The introduction chapter is where you set the scene for your research, detailing exactly what you’ll be researching and why it’s important.

Step 5: Undertake an in-depth literature review

As I mentioned earlier, you’ll need to do some initial review of the literature in Steps 2 and 3 to find your research gap and craft a convincing research proposal – but that’s just scratching the surface. Once you reach the literature review stage of your dissertation or thesis, you need to dig a lot deeper into the existing research and write up a comprehensive literature review chapter.

What’s the literature review all about?

There are two main stages in the literature review process:

Literature Review Step 1: Reading up

The first stage is for you to deep dive into the existing literature (journal articles, textbook chapters, industry reports, etc) to gain an in-depth understanding of the current state of research regarding your topic. While you don’t need to read every single article, you do need to ensure that you cover all literature that is related to your core research questions, and create a comprehensive catalogue of that literature , which you’ll use in the next step.

Reading and digesting all the relevant literature is a time consuming and intellectually demanding process. Many students underestimate just how much work goes into this step, so make sure that you allocate a good amount of time for this when planning out your research. Thankfully, there are ways to fast track the process – be sure to check out this article covering how to read journal articles quickly .

Dissertation Coaching

Literature Review Step 2: Writing up

Once you’ve worked through the literature and digested it all, you’ll need to write up your literature review chapter. Many students make the mistake of thinking that the literature review chapter is simply a summary of what other researchers have said. While this is partly true, a literature review is much more than just a summary. To pull off a good literature review chapter, you’ll need to achieve at least 3 things:

  • You need to synthesise the existing research , not just summarise it. In other words, you need to show how different pieces of theory fit together, what’s agreed on by researchers, what’s not.
  • You need to highlight a research gap that your research is going to fill. In other words, you’ve got to outline the problem so that your research topic can provide a solution.
  • You need to use the existing research to inform your methodology and approach to your own research design. For example, you might use questions or Likert scales from previous studies in your your own survey design .

As you can see, a good literature review is more than just a summary of the published research. It’s the foundation on which your own research is built, so it deserves a lot of love and attention. Take the time to craft a comprehensive literature review with a suitable structure .

But, how do I actually write the literature review chapter, you ask? We cover that in detail in this video post .

Step 6: Carry out your own research

Once you’ve completed your literature review and have a sound understanding of the existing research, its time to develop your own research (finally!). You’ll design this research specifically so that you can find the answers to your unique research question.

There are two steps here – designing your research strategy and executing on it:

1 – Design your research strategy

The first step is to design your research strategy and craft a methodology chapter . I won’t get into the technicalities of the methodology chapter here, but in simple terms, this chapter is about explaining the “how” of your research. If you recall, the introduction and literature review chapters discussed the “what” and the “why”, so it makes sense that the next point to cover is the “how” –that’s what the methodology chapter is all about.

In this section, you’ll need to make firm decisions about your research design. This includes things like:

  • Your research philosophy (e.g. positivism or interpretivism )
  • Your overall methodology (e.g. qualitative , quantitative or mixed methods)
  • Your data collection strategy (e.g. interviews , focus groups, surveys)
  • Your data analysis strategy (e.g. content analysis , correlation analysis, regression)

If these words have got your head spinning, don’t worry! We’ll explain these in plain language in other posts. It’s not essential that you understand the intricacies of research design (yet!). The key takeaway here is that you’ll need to make decisions about how you’ll design your own research, and you’ll need to describe (and justify) your decisions in your methodology chapter.

2 – Execute: Collect and analyse your data

Once you’ve worked out your research design, you’ll put it into action and start collecting your data. This might mean undertaking interviews, hosting an online survey or any other data collection method. Data collection can take quite a bit of time (especially if you host in-person interviews), so be sure to factor sufficient time into your project plan for this. Oftentimes, things don’t go 100% to plan (for example, you don’t get as many survey responses as you hoped for), so bake a little extra time into your budget here.

Once you’ve collected your data, you’ll need to do some data preparation before you can sink your teeth into the analysis. For example:

  • If you carry out interviews or focus groups, you’ll need to transcribe your audio data to text (i.e. a Word document).
  • If you collect quantitative survey data, you’ll need to clean up your data and get it into the right format for whichever analysis software you use (for example, SPSS, R or STATA).

Once you’ve completed your data prep, you’ll undertake your analysis, using the techniques that you described in your methodology. Depending on what you find in your analysis, you might also do some additional forms of analysis that you hadn’t planned for. For example, you might see something in the data that raises new questions or that requires clarification with further analysis.

The type(s) of analysis that you’ll use depend entirely on the nature of your research and your research questions. For example:

  • If your research if exploratory in nature, you’ll often use qualitative analysis techniques .
  • If your research is confirmatory in nature, you’ll often use quantitative analysis techniques
  • If your research involves a mix of both, you might use a mixed methods approach

Again, if these words have got your head spinning, don’t worry! We’ll explain these concepts and techniques in other posts. The key takeaway is simply that there’s no “one size fits all” for research design and methodology – it all depends on your topic, your research questions and your data. So, don’t be surprised if your study colleagues take a completely different approach to yours.

The research philosophy is at the core of the methodology chapter

Step 7: Present your findings

Once you’ve completed your analysis, it’s time to present your findings (finally!). In a dissertation or thesis, you’ll typically present your findings in two chapters – the results chapter and the discussion chapter .

What’s the difference between the results chapter and the discussion chapter?

While these two chapters are similar, the results chapter generally just presents the processed data neatly and clearly without interpretation, while the discussion chapter explains the story the data are telling  – in other words, it provides your interpretation of the results.

For example, if you were researching the factors that influence consumer trust, you might have used a quantitative approach to identify the relationship between potential factors (e.g. perceived integrity and competence of the organisation) and consumer trust. In this case:

  • Your results chapter would just present the results of the statistical tests. For example, correlation results or differences between groups. In other words, the processed numbers.
  • Your discussion chapter would explain what the numbers mean in relation to your research question(s). For example, Factor 1 has a weak relationship with consumer trust, while Factor 2 has a strong relationship.

Depending on the university and degree, these two chapters (results and discussion) are sometimes merged into one , so be sure to check with your institution what their preference is. Regardless of the chapter structure, this section is about presenting the findings of your research in a clear, easy to understand fashion.

Importantly, your discussion here needs to link back to your research questions (which you outlined in the introduction or literature review chapter). In other words, it needs to answer the key questions you asked (or at least attempt to answer them).

For example, if we look at the sample research topic:

In this case, the discussion section would clearly outline which factors seem to have a noteworthy influence on organisational trust. By doing so, they are answering the overarching question and fulfilling the purpose of the research .

Your discussion here needs to link back to your research questions. It needs to answer the key questions you asked in your introduction.

For more information about the results chapter , check out this post for qualitative studies and this post for quantitative studies .

Step 8: The Final Step Draw a conclusion and discuss the implications

Last but not least, you’ll need to wrap up your research with the conclusion chapter . In this chapter, you’ll bring your research full circle by highlighting the key findings of your study and explaining what the implications of these findings are.

What exactly are key findings? The key findings are those findings which directly relate to your original research questions and overall research objectives (which you discussed in your introduction chapter). The implications, on the other hand, explain what your findings mean for industry, or for research in your area.

Sticking with the consumer trust topic example, the conclusion might look something like this:

Key findings

This study set out to identify which factors influence consumer-based trust in British low-cost online equity brokerage firms. The results suggest that the following factors have a large impact on consumer trust:

While the following factors have a very limited impact on consumer trust:

Notably, within the 25-30 age groups, Factors E had a noticeably larger impact, which may be explained by…

Implications

The findings having noteworthy implications for British low-cost online equity brokers. Specifically:

The large impact of Factors X and Y implies that brokers need to consider….

The limited impact of Factor E implies that brokers need to…

As you can see, the conclusion chapter is basically explaining the “what” (what your study found) and the “so what?” (what the findings mean for the industry or research). This brings the study full circle and closes off the document.

In the final chapter, you’ll bring your research full circle by highlighting the key findings of your study and the implications thereof.

Let’s recap – how to write a dissertation or thesis

You’re still with me? Impressive! I know that this post was a long one, but hopefully you’ve learnt a thing or two about how to write a dissertation or thesis, and are now better equipped to start your own research.

To recap, the 8 steps to writing a quality dissertation (or thesis) are as follows:

  • Understand what a dissertation (or thesis) is – a research project that follows the research process.
  • Find a unique (original) and important research topic
  • Craft a convincing dissertation or thesis research proposal
  • Write a clear, compelling introduction chapter
  • Undertake a thorough review of the existing research and write up a literature review
  • Undertake your own research
  • Present and interpret your findings

Once you’ve wrapped up the core chapters, all that’s typically left is the abstract , reference list and appendices. As always, be sure to check with your university if they have any additional requirements in terms of structure or content.  

make or buy thesis

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This post was based on one of our popular Research Bootcamps . If you're working on a research project, you'll definitely want to check this out ...

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20 Comments

Romia

thankfull >>>this is very useful

Madhu

Thank you, it was really helpful

Elhadi Abdelrahim

unquestionably, this amazing simplified way of teaching. Really , I couldn’t find in the literature words that fully explicit my great thanks to you. However, I could only say thanks a-lot.

Derek Jansen

Great to hear that – thanks for the feedback. Good luck writing your dissertation/thesis.

Writer

This is the most comprehensive explanation of how to write a dissertation. Many thanks for sharing it free of charge.

Sam

Very rich presentation. Thank you

Hailu

Thanks Derek Jansen|GRADCOACH, I find it very useful guide to arrange my activities and proceed to research!

Nunurayi Tambala

Thank you so much for such a marvelous teaching .I am so convinced that am going to write a comprehensive and a distinct masters dissertation

Hussein Huwail

It is an amazing comprehensive explanation

Eva

This was straightforward. Thank you!

Ken

I can say that your explanations are simple and enlightening – understanding what you have done here is easy for me. Could you write more about the different types of research methods specific to the three methodologies: quan, qual and MM. I look forward to interacting with this website more in the future.

Thanks for the feedback and suggestions 🙂

Osasuyi Blessing

Hello, your write ups is quite educative. However, l have challenges in going about my research questions which is below; *Building the enablers of organisational growth through effective governance and purposeful leadership.*

Dung Doh

Very educating.

Ezra Daniel

Just listening to the name of the dissertation makes the student nervous. As writing a top-quality dissertation is a difficult task as it is a lengthy topic, requires a lot of research and understanding and is usually around 10,000 to 15000 words. Sometimes due to studies, unbalanced workload or lack of research and writing skill students look for dissertation submission from professional writers.

Nice Edinam Hoyah

Thank you 💕😊 very much. I was confused but your comprehensive explanation has cleared my doubts of ever presenting a good thesis. Thank you.

Sehauli

thank you so much, that was so useful

Daniel Madsen

Hi. Where is the excel spread sheet ark?

Emmanuel kKoko

could you please help me look at your thesis paper to enable me to do the portion that has to do with the specification

my topic is “the impact of domestic revenue mobilization.

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The website is very easy to navigate. Filling out the order form might take some time, but providing more details ensures that the paper will fit your requirements. One thing I didn't like is that there is no contact information for the writer, like a phone number or WhatsApp. It would be much easier to discuss everything in a 10-minute call rather than communicating solely through messages. Writing something and then waiting for a reply is a bit frustrating.

You did an excellent job! No AI system could compete with a live human when it comes to research, working with numbers, and making assumptions. I appreciate that there is still someone not too obsessed with implementing high-tech stuff. Being able to talk to a real person in a live chat and then discuss everything with the actual writer is great. Old school rocks.

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The main reason that makes us the best thesis writing company is that we can help absolutely any student, starting with the future bachelor and finishing with the Ph.D. candidate. We can confidently say, that there is nothing impossible for us, because of the thousands of successfully defended theses prepared by our professional thesis writers. Fortunately, if you are looking for a professional thesis writing service, you have already found it.

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  • Register on the platform. The first essential step to buy thesis from our service is to go through a quick registration on our platform. To order thesis online we will ask you to provide us with your name, a valid email address, and your phone number. The last is optional but not required, still, we ask you to provide it to us because of security reasons;
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  • Submit the order and enjoy. The final and the most pleasant part of our cooperation is the ability to completely relax and rely on our experts. During the time our writers will spend preparing your thesis, you will get an opportunity to have a good night's sleep, go out with your classmates, and enjoy your free time as you please.

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Understandably, your final decision to order thesis online will be based on your current financial abilities. Since our main credo was to ensure qualitative writing help for all students, our team created a flexible pricing system that contributes to our greater purpose. Hence, you get a chance to buy PhD thesis and not feel any difference to your financial well-being. And of course, this approach applies to all academic levels that we are dealing with. Still can’t believe it? Then read the next section, where we describe in detail the process of price creation.

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It’s essential to pay close attention toward the preparation of your scientific work. Without the slightest exaggeration, your defense will depend on it. Therefore, we suggest you start seeking assistance with your thesis editing as soon as possible. There are two main reasons for this. Firstly, this decision will save you a lot of nerves, secondly, it will be more profitable financially. The truth is that the sooner you contact us, the lesser price you will pay in the end. This is the way it works at ThesisGeek.

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So what is the average thesis proofreading cost? The proofreading price will depend on multiple factors, such as your subject, topic, volume, requirements, additional services, and the amount of time you gave us for proofreading. For instance, an average proofreading PhD thesis price with an arranged two-week deadline will cost you only $18. We can also provide you with qualitative proofreading even within the range of twenty-four hours. Still, we suggest you not put off your request for assistance and reach out to us as soon as possible.

Additional Benefits From Best Thesis Writing Company

We hope that we didn’t convince you that our exceptional writing skills are the only reason to order a thesis from our service because it’s not. During our journey, we managed to create a community that consists of thousands of students around the United States. To make your experience even more special, we implement encouraging benefits regularly. Still, some of our benefits became a part of the regular order package. Well, we will not keep the intrigue any longer, so let us present you with our special beneficial list.

  • 60-day money-back guarantee. By taking the order into processing, we provide you with a guarantee that either your thesis will be delivered to you according to the settled agreement or the order will be refunded in full. We implemented such an approach to ensure the maximum satisfaction level from the received services. Still, it’s worth mentioning that refund requests are rare because our clients always end up satisfied with the received results;
  • Loyalty program. We have created this benefit to ensure that you will come back to us each time when you need any kind of writing help. What is the essence of this program you may ask. The sense of our loyalty program is as easy as pie and lies in the fact that each time when you purchase an order on our platform, you receive some amount of points for your next order. Once you collect the required quantity, you will be able to buy a bachelor thesis or any other writing almost free!
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This is not a complete list of our benefits, because our team makes sure to come up with new beneficial solutions. We will not tire of repeating that our main values are our community and our customers. Therefore, ThesisGeek continues to do everything to make you satisfied.

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In the final paragraph of our article, we’d like to gather situations that are practically screaming about the necessity to ensure your thesis preparation into the hands of our professionals. Therefore, if you recognize yourself even in one of the situations described, do not waste another minute and contact us immediately.

  • Anxiety before the defense. Anxiety is a common feeling before any public performance, especially if it’s your defense. However, it can be easily dealt with by taking proper action. In your particular case, your best action is to contact us and have a little bit of rest;
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  • Aspiration for the highest results. We do not tolerate mediocrity and average results. Therefore, if you are only aiming for exceptional results your only decision is to buy your thesis here.

We do not want you to feel limited by the mentioned reasons, because there are no good or bad reasons to ask for help. Meanwhile, the only right way is to listen to your inner voice and not shoulder yourself beyond one's strength.

Can I buy a thesis on your website?

Of course! You can purchase a thesis on our website. The first step is providing as much information as you can to our writer. The most basic are thesis objectives, word count, format, etc. Any notes, comments from your professors, or your ideas also count. This will give us a full understanding of the task.

The second step when you buy thesis online from us is to expect detailed research from our expert. This is the foundation of any successful scientific work. After gathering qualitative and quantitative data, our writers will form the most innovative ideas for your work. We understand how doubtful it is to leave someone to write such an important paper. The team of in-house editors rigorously review each scientific work before submitting them to customers.

What makes your thesis writing service special?

We believe that our reputation talks for ourselves. You can check dozens of thesis writing service reviews written about ThesisGeek and will not find a single negative word. All because we put your satisfaction and our reputation. Such a simple but rare action, that you will no longer be able to see in any other service, that regularly puts profit over everything.

Another thing that makes us special is our team and the community that we have created. You can no longer name us a regular MBA thesis writing service or master thesis service because our platform already surpassed this level a long time ago. Instead, we would like to be perceived as a service that sincerely values its community and respects the estimated goals. Finally, with the decision to buy master thesis from us, you're not only ensuring your defense but receiving a whole community rooting for your success.

How do I hire a thesis writer? Can I choose one?

We made sure to make the ordering process as simple as possible. We understand the priceless value of each minute of your time, so we do not want you to spend it struggling with complex registrations and long expectations. Instead, we have created our ordering process for nothing except pure convenience. To hire a writer for your thesis, we will ask you to enter your email address, provide the requirements, and move on to the writer selection process.

As for the selection process, we say yes right away, you can choose the writer who will be preparing your thesis. For example, if you want us to prepare you for your MBA defense, we will provide you with a list of MBA thesis writers, who will be experienced enough to handle the thesis, to surprise even the toughest business professor. To choose your writer, you will need to fill in the form and indicate the type of writer you are looking for.

How much does it cost? What exactly forms the final price?

The first thing that will pop up in your mind even before typing “buy a master thesis” in Google is doubt regarding the availability of such a service. If you are worried about the prices we want to mention that there are no more democratic rates rather than on ThesisGeek. The main purpose for the establishment of our platform was to ensure the ability to receive cheap and qualitative writing help. The same approach applies to the creation of theses for your defenses.

As for the factors that influence the final bill for your thesis, they will not include anything special. Of course, we are talking about your academic level, volume, type of formatting, desired writer, and definitely the deadline. All these factors together will contribute to the formation of your final bill. In any case, be assured that the price will pleasantly surprise you in the end.

Is it safe to use your thesis writing company?

We know that you will be double-checking all the information about our company before making your final decision. However, we have nothing to hide, since we have been a transparent and reliable company since our very establishment. And the best proof of our words are thousands of grateful students, to whom we provided our writing services. In any case, to dispel your possible doubts, we would like to make a statement that it’s safe to order your thesis from our service.

It is safe from digital, legal, and even ethical sides to use our service as your thesis provider. We will do everything to prove that you have made the right decision when you decided to order the thesis from us. We also make sure to create simple yet informative policies that ensure the legal part of our activity, so you can see for yourself, that you are dealing with a real professional.

What instructions do I need to provide if I want to buy a thesis?

You can greatly increase the process of your thesis preparation by providing us with detailed and comprehensive instructions. During the ordering of your thesis, we will allow you to upload your file with thesis requirements into the ordering form.

The requirements for your thesis should include the approximate volume, formatting style, title page, and other essential details. It will help the writer to ensure that the thesis will be accepted by the committee, and you will be allowed to defend.

How do I order a thesis online on the website? What is the process?

The ordering process of your thesis will be as easy as shelling pears. Since we wanted to avoid any confusion from our newcomers, we created a simple yet convenient order form on our web platform. There, we will suggest you log into your existing cabinet or sign up if you visit us for the first time. After that, the order form will pop up automatically. You will need to enter the paper details, such as level, major, subject, thesis title, and additional instructions that you have.

After entering the details into the form you will be redirected to the page with the final price. If there are any available discounts or bonuses, they will be added to your order automatically. And that’s it because the last thing that will be necessary from you is to make a purchase with a suitable payment method and wait for the final thesis in your email inbox.

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Make-or-Buy Analysis

Read Case Study 1: Make-or-Buy Analysis (pp. 111-112) at the end of Chapter 5 (I have included both Chapter 5 from my textbook and the Case Study as an attachment). In a two page paper, respond to the items addressed below. Make sure your responses are complete and thorough. In addition to your responses, you will be graded on the accuracy of your calculations.

Your task in this assignment is to assist the director of Wuksachi Restaurant to make a decision. Prepare an analysis showing what the total cost and the cost per dinner roll would be under each of the two alternatives given in the case study. Assume that 150,000 dinner rolls are needed each year. In your analysis:

• Determine a course of action you would recommend to the director, justifying your response. • Provide and justify recommendations if the company’s needs were (a) 200,000 rolls per year and (b) 250,000 rolls per year. • Describe other factors that the director should consider before making a decision.

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After the blend undergoes third party lab testing for safety, we launch a limited release to 5,000 customers to help us gather additional feedback and work through our supply chain process

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The Thesis Story

As long as I can remember, people thought I was stupid, lazy, or unmotivated. I started to believe it. In school, I would read the same page over and over again, without absorbing anything. At 16, I dropped out of high school and went to work at a sandwich shop.

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Do the research, develop a thesis statement, make up a list of arguments, craft the text, edit and proofread it, common mistakes.

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China makes cheap electric vehicles. Why can't American shoppers buy them?

Camila Domonoske square 2017

Camila Domonoske

make or buy thesis

BYD electric cars wait to be loaded onto a ship at a port in Yantai, China, on April 18. China has rapidly become a major auto exporter, but tariffs have kept cheap Chinese EVs out of the U.S. market — so far. STR/AFP via Getty Images hide caption

BYD electric cars wait to be loaded onto a ship at a port in Yantai, China, on April 18. China has rapidly become a major auto exporter, but tariffs have kept cheap Chinese EVs out of the U.S. market — so far.

New EVs aren't cheap.

At least, not in the United States. In other parts of the world , bargain electric vehicles from China abound, but a 27.5% tariff has kept those cars out of the United States.

Arvind Srinivasan, who recently shopped around for an EV under $25,000, feels conflicted about that.

"As a consumer, yeah, I would buy a Chinese EV, probably without question," he says. "But as a person who cares about the country, in that view, I feel like, no, we should either tariff or ban them."

Even higher tariffs and outright bans are both real possibilities.

That's because cheap Chinese EVs could be devastating to a key sector of the U.S. economy: auto manufacturing. And the Biden administration's climate strategy, which would benefit from cheaper EVs, also prioritizes U.S. jobs.

Chinese electric carmakers are taking on Europeans on their own turf — and succeeding

Chinese electric carmakers are taking on Europeans on their own turf — and succeeding

The Sunday Story: Answering Your Questions About Electric Vehicles

The Sunday Story: Answering Your Questions About Electric Vehicles

Climate, national security, American jobs: This is why Srinivasan is torn. Even if he's not a fan of big auto companies, exactly.

"At some point, if we don't support U.S. auto manufacturers, [Chinese automakers] are just going to come in, undercut it," he says. "Then we're dependent on China for cheap EVs. And I don't think that's sustainable for the country long term."

Plenty of filet mignon but no hamburger

EV prices have been falling, but cheap ones remain elusive.

That might sound paradoxical, but steak at a discount costs a lot more than hamburger meat. Right now, luxury electric SUVs — the filet mignon of the automotive world — are on sale . But small, cheap cars? That hamburger case is empty.

Well, almost empty. Srinivasan, who wanted an EV to save on gas, found exactly one option. After poring over the new and used offerings, he went with a new Chevy Bolt — just $23,500 after a tax credit.

make or buy thesis

Arvind Srinivasan, pictured with his Chevy Bolt, wished there were more options when he was shopping for an affordable EV. Bhargav Devana/Arvind Srinivasan hide caption

Arvind Srinivasan, pictured with his Chevy Bolt, wished there were more options when he was shopping for an affordable EV.

"It was like, 'OK, this car isn't great, but it's cheap,'" he says. "No one sells anything remotely close to its price target."

In fact, right now, not even Chevy sells anything close. General Motors is moving on from the older battery that powers the modest-sized, never-profitable hatchback. The Bolt is not currently in production.

Larger vehicles carry larger price tags. As companies pour billions of dollars into making electric vehicles, they're trying to offset those huge expenses. So even though EV prices have fallen about 10% from last year, they're still averaging about $54,000, according to Kelley Blue Book.

EVs won over early adopters, but mainstream buyers aren't along for the ride yet

EVs won over early adopters, but mainstream buyers aren't along for the ride yet

Companies say they're working on cheaper options. Ford has a "skunkworks" team tackling the project; GM has pledged to bring back the Bolt with a new battery; Stellantis has said a profitable $25,000 EV is key. Tesla, the undisputed market leader for EVs, says it's bringing a cheaper model to market by next year.

But they don't have much time to waste.

Volvo, the Swedish carmaker owned by a Chinese company, plans to sell a Chinese-made EV in the U.S. beginning this summer, at a relatively budget-friendly starting price of under $35,000. (Volvo says it's paying the tariff; the company did not comment when asked about reports that it will be refunded that money in exchange for exporting U.S.-made vehicles.)

make or buy thesis

People look at a BYD Seagull at the Bangkok International Motor Show in Nonthaburi, Thailand, on March 27. Lillian Suwanrumpha/AFP via Getty Images hide caption

People look at a BYD Seagull at the Bangkok International Motor Show in Nonthaburi, Thailand, on March 27.

How is an "impressive" car just $10,000?

Meanwhile, cheap — really cheap — Chinese EVs are proliferating. The BYD Seagull costs just $10,000 in China.

Chinese-made cars used to be a punchline. Economist Sue Helper, who has spent decades tracking globalization and auto manufacturing, remembers seeing BYD vehicles a few years ago that were, in a word, "terrible." But she recently took a Seagull for a test drive in a parking lot in Detroit. (They are not allowed on U.S. streets.)

"It's impressive," she says. "It's cute."

The surprising leader in EVs

The Indicator from Planet Money

The surprising leader in evs.

The Seagull would cost more than $10,000 in the U.S., given that it would have to be modified to meet U.S. safety standards. But you could double the price of the Seagull and it would still be a steal.

In fact, you could double the price and pay the 27.5% tariff, and it would still undercut every EV for sale in the United States.

Why? Helper points out that, first, it's a very small car, a rare beast in the U.S. these days. And China has economies of scale and clever design.

There's also, she says, "the Chinese playbook of 'let's subsidize and repress labor and get ourselves a foothold in an international market and take it over.'"

For instance, she says, the Chinese government heavily subsidizes China's EV industry to give it an international advantage. Wages in the Chinese auto industry are lower. And some companies in the Chinese auto-supply chain almost certainly use forced labor, or modern-day slavery , according to human rights groups.

Why aren't cheap Chinese EVs for sale in the U.S.?

National security concerns and old-fashioned protectionism have kept these cars out of the U.S. so far.

When president, Donald Trump imposed a heavy tariff on Chinese-made vehicles, which the Biden administration has extended and could increase.

This year, the U.S. Commerce Department launched an investigation into whether Chinese vehicles' navigation and communication features could spy on Americans.

The department's investigation could result in a prohibition on certain Chinese-made vehicles. Sen. Josh Hawley, R-Mo., has proposed hiking tariffs on Chinese vehicles, while Sen. Sherrod Brown, D-Ohio, has proposed an outright ban .

The $7,500 tax credit for electric cars keeps changing. Here's how to get it now

The $7,500 tax credit for electric cars keeps changing. Here's how to get it now

Scott Paul of the Alliance for American Manufacturing is lobbying for higher tariffs and says he'd back an outright ban. His organization represents unionized steelworkers and companies in the auto-supply chain.

"We've seen this play out in the past in other industries," he says. "We need to get ahead of this instead of responding to it after the fact, when we're just cleaning up the mess and we're seeing these factories wiped out, these jobs displaced and these communities devastated."

Meanwhile, a different "Alliance" — the Alliance for Automotive Innovation, which represents automakers — also recognizes the risk but couches it differently.

"The overall competitiveness of the auto industry in the U.S. will be harmed if heavily subsidized Chinese vehicles can be sold at below-market prices to U.S. consumers," John Bozzella, the president of the Alliance for Automotive Innovation, told NPR in a statement. The group declined to state a position on banning Chinese autos.

There's good reason for the more measured tone: Major automakers operate globally, not just in the United States. China is a rival, sure, but it's also the world's largest auto market, as well as a major supplier. As Bozzella has previously put it , where China is seen by policymakers as "binary" — good or bad, friend or foe — for automakers, "'China' is complicated."

Climate impacts are complicated too

Bonnie Dixon, another frustrated car shopper, is also torn over Chinese EVs.

make or buy thesis

Bonnie Dixon, pictured with her 1997 Ford Ranger, drives only about once a week. When she does, she would prefer to be driving a zero-emission vehicle. But she can't find a new one in her budget. Bonnie Dixon hide caption

Bonnie Dixon, pictured with her 1997 Ford Ranger, drives only about once a week. When she does, she would prefer to be driving a zero-emission vehicle. But she can't find a new one in her budget.

Dixon, who works part time as a research scientist and is on a tight budget, drives an older gas pickup she'd love to swap for a zero-emission car. She's wary of used cars so is looking at new ones. She needs a car capable of driving long distances — she can't have a short-range EV that works only around town. New, affordable, long range: no dice.

She doesn't know much about the politics of tariffs, she says. "What I am aware of is just the great urgency of needing to reduce carbon emissions."

If she could buy a Chinese EV, wouldn't that help the planet?

The answer, according to some climate advocates, is complicated.

They argue that buying time for U.S. automakers to change — to make more EVs, at cheaper prices, with cleaner supply chains — could be better for the climate in the long run.

In a boost for EVs, EPA finalizes strict new limits on tailpipe emissions

In a boost for EVs, EPA finalizes strict new limits on tailpipe emissions

What biologists see from the shores of the drying Great Salt Lake

What biologists see from the shores of the drying Great Salt Lake

The human cost of climate-related disasters is acutely undercounted, new study says

The human cost of climate-related disasters is acutely undercounted, new study says

"We are trying to move the market so that all automakers are making vehicles as sustainably as possible," says Katherine García of the Sierra Club. And when it comes to things like greener steel and electricity, American companies rank much better than Chinese ones. Meanwhile, labor groups and green groups have united around the argument that decarbonizing will be good for the planet and U.S. workers.

García emphasized that people can take public transit, bike and drive used EVs to help fight climate change. But she also sees an urgent need for cheaper new EVs — just maybe not cheap Chinese EVs.

It's a position that resonates with Dixon.

"Definitely the best solution would be if we could build them in the U.S.," Dixon says. "That's what I'm hoping — that the U.S. car manufacturers will get their act together and produce these more affordable EVs that we need."

In the meantime, when she needs to drive, she hops in her old gas pickup.

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  • electric vehicles

Best Buy Corporate News and Information

Best Buy unlocks a world of personalized discovery and shopping with our app

Next time you open the Best Buy® app , it might look a bit different. In the coming weeks, we’re rolling out new features designed to give customers a personalized shopping experience that’s as unique as they are. And one of the coolest parts is that each time you open the app, your experience will become more tailored and relevant. And even better, we‘ll be adding more and more proactive alerts to enhance every step of your technology journey with Best Buy.

These new experiences will help unlock your imagination and inspire you to find technology that can elevate the world in ways you never thought possible. By continuing to leverage technologies including AI , we’ve personalized our app and put you in the driver’s seat, allowing you to shop and see products, categories and services the way you want.

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For customers with a My Best Buy Plus™ or My Best Buy Total™ membership, you’ll also be able to enjoy an even more personalized experience while shopping within the app, including exclusive member deals and personalized offers. As a Plus or Total member, we’ll even send you push notifications to alert you on relevant deals, help you understand all the benefits of your membership, and even to celebrate and track how much money you’ve saved by taking advantage of your exclusive offers.

“These enhancements to our app are further examples of how we’re continuing to leverage data and technology to personalize and humanize consumer electronics like nobody else can,” said Brian Tilzer, chief data, analytics and technology officer at Best Buy. “Our customers have unique needs and preferences, and our goal is to inspire discovery of amazing new technology and ensure it truly enriches their lives, all in the most relevant, seamless way possible.”

Here are more new experiences coming to your Best Buy app soon:

Experience a more p ersonalized home screen    

Your home screen will be powered by AI and will deliver a distinct and engaging shopping experience based on what you are most interested in and where you are in your technology journey. This means each customer’s app home screen will look different, because it’s based on your personal preferences and other factors like shopping history, membership status and what we know you care about most. So if you recently bought appliances that needs installation, you will see where your product is and when installation is scheduled. Or if you’re always on the lookout for the latest in gaming, that category will often be front-and-center. Other examples you might see on the home screen include the newest and hottest deals, latest gadgets from your favorite brands, recommendations on products or services or even a prompt to shop with one of our experts and save you time.

Discover a world of endless possibilities    

This new tab was created to encourage you to explore and provides a range of recommendations that showcase both new and favorite tech products as well as seasonal and holiday assortments. This inspiration spans across hundreds of categories and thousands of products to fit any preference or occasion. It also brings together features like Best Buy Drops, which gives customers a chance to access limited time deals on amazing tech, and Yes, Best Buy Sells That ™, that helps you discover unexpectedly cool products and categories that you had no idea were even available at Best Buy. We’re talking stuff that can elevate every area of your life including indoor smokers, power washers, cold therapy gear, outdoor solar equipment – the list goes on. Our new Shop with Videos experience delivers personalized video content on the items you find most intriguing for a more fun and visual shopping exploration.

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Live track your progress  

We can now guide our iPhone customers along every step of their journey. This feature displays live tracking progress on your iPhone lock screen and in your dynamic island, that little black oval you might find the top of your screen. Today, you can use this feature when picking up your order from one of our stores, and soon we’re adding new experiences we can deliver that will help you easily see, in real-time, the important updates that matter most to you. Stay tuned for more on that!

Leverage your digital wallet    

This option makes it faster and easier for you to complete your purchases. The wallet securely stores your payment information for easy transacting and is your one-stop-shop to see your offers, reward points, purchase history, receipt preferences and more. In the coming weeks, we’ll also launch a feature that will let you check in at stores, use your membership benefits and access your rewards through a single QR code. Eventually, we’ll roll out the ability for you to easily pay with this same feature.

make or buy thesis

Personalized push notifications and navigation bar

You will more easily be able to get to the information that matters most to you with these options. You can opt-in to receive specific and personalized push notifications that will help alert you when you’ve earned a reward or if it’s about to expire, when the latest smartphone or tablet becomes available for pre-order or even when that product you’ve had your eye on for a while goes on sale.

Shop in our stores often? You can have your “home store” information easily accessible. Or maybe you want to quickly and easily get your hands on the latest from Best Buy Drops™ ? Just pin that to your navigation bar to stay in-the-know for your best chance at some of our hottest products.

Experience a more personalized home screen

A screenshot of the Best Buy App with real time order tracking.

Don’t have the Best Buy app on your phone? Don’t worry, you can download it here or scan the QR code below.

make or buy thesis

And if you’re an Apple Vision Pro user, make sure to check out our exclusive new app, Best Buy Envision ™, which helps users plan their ultimate home tech setup without leaving your house.

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  1. PDF The make-or-buy decision

    The make-or-buy decision is closely related to the principle of horizontal-, vertical integration, and the firm's boundaries, hence these principles are explained below. Horizontal integration is the principle of acquiring a firm with the same product market combination, often competitors (Walker & Weber, 1984).

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    2. Literature review. Our research belongs to the broad stream of modelling learning-by-doing, presented thoroughly by Jaber (Citation 2006), however, considering learning effect in make-or-buy decisions is less common.In this regard, Deng, Guan, and Xu (Citation 2021) developed a model to assess the learning effect in case of two competing original equipment manufacturers (OEM) and a common ...

  3. Analysis of The "Make or Buy" Decision Process in A Research and

    2 LITERATURE REVIEW. SMEs form 99.6% of UK's businesses and contribute to 49.5% of the economic added value and account for 54.3% of employment in the private non-financial sector. In addition "37% of SMEs are active in high-tech manufacturing and knowledge intensive service sectors which are considered key for the future competitiveness of ...

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    Strategic decision-making model is ba sed on BSC, McIvor's outsourcing fram ework. and for competitive factors. The aim of the strategic model is to consider the make or buy. issue via four ...

  5. PDF The "Make or Buy" dilemma in the Gig Economy era

    In order to be in line with the scope of work, the thesis pursues to answer two distinct but consequent research questions. RQ1: To what extent the Transaction Cost Economics' dimensions of uncertainty, frequency, and asset specificity can be useful to explain the "make or buy" dilemma in the Gig Economy scenario?

  6. [PDF] Understanding the make-or-buy decision in R&D:influences on the

    This document contains a student thesis (bachelor's or master's), as authored by a student at Eindhoven University of Technology. Disclaimer This document contains a student thesis (bachelor's or master's), as authored by a student at Eindhoven University of Technology. Student theses are made available in the TU/e repository upon obtaining the required degree. The grade received is not ...

  7. Make or Buy Decision

    A Make or Buy Decision refers to a decision made to either manufacture a product/ service in house or buy it from outside suppliers (outsourcing) based on cost-benefit analysis. This decision is made using quantitative or qualitative research and most of the time, the results of quantitative analysis (cost-benefit analysis) are enough to decide ...

  8. Capacity Management and Make-vs.-Buy Decisions

    First, to provide a methodical understanding of key Make-vs.-Buy decision factors for optimized capacity management during an upturn. Second, to develop a 2x2 assessment model that can assist in making the Make-vs.-Buy decision once the recession is over and prices have returned to a normal index. We interviewed research company personnel to ...

  9. What is a Make-or-Buy Decision? A Business Strategy Guide

    The make-or-buy decision remains a cornerstone of strategic planning. This critical decision involves choosing between manufacturing a product or component in-house or purchasing it from an external supplier. It's a complex consideration, intertwined with the core of business strategy and decision-making, requiring a deep dive into costs ...

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    Purpose: This master thesis studies the make or buy decision at a family firm. The aim is twofold, namely, to explore the potential uniqueness of family firms within the context of the make or buy decision and then to create a make or buy decision model for a family firm. This aim is explorative, i.e. to generate theory, in the realm of family ...

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