This document discusses the pros and cons of outsourcing and offshoring. Some key pros include massive financial savings from reducing costs, access to highly skilled teams, and the ability to focus on core business functions. Potential cons center around cultural and language barriers, risks to quality if the wrong partner is chosen, and losing control over operations. The document provides tips for overcoming these cons, such as choosing partners with strong communication and support, maintaining legal agreements, and finding a partner focused on quality over price.