Outsourcing Topic: Has it Cooled Down?

Filed in archive Opinions & Insights on September 16, 2006

When the concept of outsourcing was first introduced in highly-successful countries, it was met with disdain and tons of negative remarks thus labelling it as a business Strategy that would only equate to loss of jobs.

On the other hand, there were also some people who were risk-takers but still maintained rationality when deciding to see if outsourcing works for them. There are also some people who joined without analyzing its real impact in the business.

Years have passed since outsourcing came up in the business scene, the question here is, Has it Cooled Down? Azim Premji, the chairman for Wipro seems to think so. In his recent interview, he mentioned that the views expressed in outsourcing is definitely more balanced, showing the pros and cons of outsourcing as a business strategy.

As for me, I consider outsourcing as a topic which is innovative. It changes rapidly and its effect could sometimes be for the betterment of outsourcing or it could result into a negative one. Though that is the case, the topic itself is diverse.