Though it has been defined several ways, outsourcing is basically the contracting of another company or person to do certain functions in a business company. Outsourcing can either be local or overseas.
If outsourcing some services locally – say for cleaning and maintenance services – the internet I think has made any company's life so much easier. Online directories for example
Business Directory Edinburgh, are readily available these days for anybody's use. These days, outsourcing a company's whole operations overseas has become very common, as is the case in the information technology outsourcing (ITO) and business process outsourcing (BPO).
According to some outsourcing overseas is damaging the US economy. But still, many US companies are utilizing it. Maybe because it saves them a lot of money in the long run? Who knows what the future holds really? New business models come up every now and then, depending on the changing times.
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