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Outsourcing - Necessity to Business Strategy

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Outsourcing, Business Strategy, Outsource, what is outsourcing, online business opportunities. http://www.kokoshungsan.info/products/OutsourceSynergy/

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Outsourcing - Necessity to Business Strategy

  1. 1. -§cl‘“‘ Jig. “Q ~~" fi§. “’ H“‘; §§ ‘ KW‘ . ii
  2. 2. Outsourcing - Necessity to Business Strategy BV Jim 0 Reed
  3. 3. 1 According to Invstopedia, outsourcing is a term for strategically using external resources to perform traditional activities related to a business.
  4. 4. W . Business partnerships are created when companies contract out operations to service providers. . '. "" cwnn . "‘. l.l’~' " HIM
  5. 5. Originally outsourcing was only used in situations where a company was incompetent internally.
  6. 6. Because many organizations were not completely self- sufticient, they were forced to outsource some operations.
  7. 7. Outsourcing hi a stride in the 1990s, which was « fueled by organizations focused on cost-saving strategies.
  8. 8. Today, companie i may choose to outsource for a variety of reasons.
  9. 9. ‘ . t’ ‘M’ Wikipedia suggests, the most common incentive to outsource is to lower operational and labor costs associated with the business. ‘. .. .«-l. ..»; -u! IlE‘§7aIonloIn~r -A -Lgi‘(:13-. ;€L; §l; °l, U3L_'&$, }JQ1.l, j4§£g'/4; l'”
  10. 10. When this is done properly it can have a big impact on a company’s revenue and can also provide considerable savings.
  11. 11. By doing this it can also free internal resources to be used more effectively.
  12. 12. "Another benefit is the ability to remove a function that is not central to an organization by shifting it outside the business.
  13. 13. "The benefit is freeing resources, including management time, for more productive uses, " Mr. Goss said. " . ait-‘. nan. -Anl! |l£‘t-Wiltnllllw -4 -iYI; §!(, §", +,; _flL_~; :¢_§| $go]tg~§; ,9'$}: u‘EV; ,’: !vdA', r_. := ___.7V M 2: ‘
  14. 14. By pushing routine, time-consuming operations offshore, it leaves more time to concentrate on what is more important.
  15. 15. Vvhenthesefuncfions ‘ areoutsourced it can help to mitigate risk of the business.
  16. 16. It also fres the business from managing another part of the process.
  17. 17. Outsourcing also offers companies the opportunity to gain knowledge on global scale and can be looked at as a form of networking. . .*. n.. l.«. m!| l£‘t-fiilonlllhz -A -t. ;a! t:L+. ;,g: :;gt; *'w; ¥.5;§£€1L3ism; l'"
  18. 18. Opportunities in new market areas can arise as a company expands and begins to outsource in different areas. 3 VY 'll‘Ff I D 7"! 1 . . 3n. r.J, .. _,
  19. 19. The operations that a business decides to outsource depends on the company’s vision and motive for outsourcing.
  20. 20. There are several factors that contribute to successful outsourcing.
  21. 21. '3 Goals and objectives of a company must be clearly understood ,5
  22. 22. They must define te overall purpose of the outsourcing , and what their objective is. The internal and external capabilities of the business must be recognized. 1 ll urrn ypprr; -v, '
  23. 23. Cost and performance are evaluated in order to see ‘ what operations are worth keeping internal and which ones are worth outsourcing.
  24. 24. Strategic partnerships are beginning to grow in popularity. It was originally uncommon for an organization to outsource core competencies because these are the operations that make a company unique.
  25. 25. However, the focus of many companies today is less on ownership of these parts and more on functionality and service.
  26. 26. If they are able to get the job done with better efficiency and at a lower cost, it is an easy decision to outsource the function.
  27. 27. It is safe to say that outsourcing has become a valued business strategy by many companies. Whether it is done out of necessity or as a competitive business strategy, many companies are familiar with outsourcing.
  28. 28. It is safe to say that outsourcing has become a valued business strategy by many companies. Since the benefits outweigh the cons in such a dramatic fashion, I see no reason why outsourcing won’t continue to grow as an important process in the business model.
  29. 29. For more information: www. kokoshungsan. into/ products/ Outsourcesynergy . ‘ .1-. ~-. -we -4-. lt§‘; -.t. -unlauru w v; t-. t;; ,:; g‘, i.; _,g; .l; --l; _), _g. ‘-g. ;s; £q1.E+. s‘: 'L']£-; - 5 - ; ;§_ :5:
  30. 30. ,, n.n. -: --I-H| !I_[&: ‘!3IU1llI| ‘: . -- -Ql& l; ?‘§fi; X§£4J§VH£'b"

Outsourcing, Business Strategy, Outsource, what is outsourcing, online business opportunities. http://www.kokoshungsan.info/products/OutsourceSynergy/

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