explain outsourcing and it needs explain feautres if e businrss
OUTSOURCING
Outsourcing refers to a long term contracting out generally the non-core and of late even some of the core activities to captive or third party specialists with a view to benefiting from their experience, expertise, efficiency and even investment.
IT'S NEED
Outsourcing refers to a long term contracting out generally the non-core and of late even some of the core activities to captive or third party specialists with a view to benefiting from their experience, expertise, efficiency and even investment.
IT'S NEED
- Global competitive pressure for higher quality products at lower costs;
- ever demanding customers;
- emerging technologies.
- Focusing of attention;
- Quest for excellence;
- Cost reduction;
- Growth through alliance;
- Fillip to economic development.
- Convenience
- Speed
- Ease of formation
- low investment requirements
- low personal touch
- people resistance
- Ethical fall-outs.