Global Capability Center Definition, Advantages, and Significance
A Global Capability Center is a major change to the life of the whole enterprise in terms of operations, invention, and human capital management. All companies over the globe are setting up these units with the sole purpose of driving the company’s strategic value beyond the usual cost savings through the foreign locations. Microsoft, JPMorgan Chase, and Cisco are among the companies that have developed thriving centers in India where they take advantage of the technical talent pools to speed up their digital evolution plan. The move from simple outsourcing to capability-driven models is a sign of a larger trend where companies want to be in charge, have control, and gain long-term competitive advantages through these strategic capitals. What is a Global Capability Center? A GCC is a section or coastal entity that's 100% possessed by the parent company and has the responsibility of performing high-value business functions. The global capability center mean...