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The term "outsourcing" became popular in
the United States near the turn of the 21st century.
In business, outsourcing is the contracting out
of a business process to a third-party. Outsourcing
includes both foreign and domestic contracting.
help firms to perform well in their core
competencies and mitigate shortage of skill or
expertise in the areas where they want to
outsource.
Out - sourcing
Advantages
• You can take back control of your time
and work on things you are good at
and enjoy
• Allows your business to grow at a much
faster pace
• Stops you from being the biggest
problem in your business
You
YouYou You
YouYou You
You should spend more time working
on your business not in your business
Need
 Faster innovation
 Increase speedy market
 Conserve capital
 Reduce cost
 Improve quality
 FOCUS ON CORE
• Possible loss of capital
• Confidentiality and security
• Selection of suppliers
• Too dependent on service provider
• Loss of staff moral problems
• Time consuming
• Provider may not understand the business environment
• Provider may be slow to react to changers in strategy.
Problems
 System integration
 Data network
 Maintenance center
 Repair
 Application development
 E – commerce
 End user support system
What all can be outsourced.
 BPO
 Information technology
 Human resource
 Sales and marketing
 Finance
 Administration
Changing trend of
outsourcing.
The Best Time To Start Outsourcing?

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Outsourcing

  • 1.
  • 2. The term "outsourcing" became popular in the United States near the turn of the 21st century. In business, outsourcing is the contracting out of a business process to a third-party. Outsourcing includes both foreign and domestic contracting. help firms to perform well in their core competencies and mitigate shortage of skill or expertise in the areas where they want to outsource. Out - sourcing
  • 3.
  • 4. Advantages • You can take back control of your time and work on things you are good at and enjoy • Allows your business to grow at a much faster pace • Stops you from being the biggest problem in your business
  • 5. You YouYou You YouYou You You should spend more time working on your business not in your business
  • 6. Need  Faster innovation  Increase speedy market  Conserve capital  Reduce cost  Improve quality  FOCUS ON CORE
  • 7. • Possible loss of capital • Confidentiality and security • Selection of suppliers • Too dependent on service provider • Loss of staff moral problems • Time consuming • Provider may not understand the business environment • Provider may be slow to react to changers in strategy. Problems
  • 8.  System integration  Data network  Maintenance center  Repair  Application development  E – commerce  End user support system What all can be outsourced.
  • 9.  BPO  Information technology  Human resource  Sales and marketing  Finance  Administration Changing trend of outsourcing.
  • 10. The Best Time To Start Outsourcing?