Outsourcing makes sense for the corporate

Jun 18th, 2015
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Outsourcing is a term which draws different reaction from different people across the globe, depending on where you come form. While setting an agenda for the tax reforms, US President Barrack Obama coined the term ‘say no to Bangalore and yes to Buffalo ’ and there is of course.

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Outsourcing makes sense for the corporateKK SharmaOutsourcing is a term which draws different reaction from different people across the globe, depending on where you come form. While setting an agenda for the tax reforms, US President Barrack Obama coined the term 'say no to Bangalore and yes to Buffalo1' and there is of course, an oft repeated terminology on jobs in the USA being 'bangalored2. Outsourcing or off-shoring can be defined as entering into a contract with another person or organisation to do a company's specific function for a limited period. The outsourced or this third party company could be home based or based on an off-shore location, and is generally known as a service provider. It is normally the non-core and support business services which are outsourced. There are many reasons as to why companies outsource their business processes. Some of these are - cost-effectiveness, high quality service, time zone differentials, globalised economy, language commonality, Information and Communication Technology - specially the internet reach, and specialized skills in information technology (IT). For any business, main objectives will always be cost-effectiveness, competitiveness and enhancing shareholders' value. Inter-linked economy with interdependent stakeholders requires a deeper understanding of multi-national business processes and models. Internet expansion in the last decade has facilitated integration of knowledge and processes across the globe, essent

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