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Quote of the Day

One of the things I've had the advantage of, growing up and being close to the top management of this company and other companies for most of my life, is seeing how CEOs start to believe in their own infallibility. And that really scares me.

Bill Ford

Outsourcing

Concept Briefing:

Outsourcing (or contracting out) is often defined as the delegation of non-core operations or jobs from internal production to an external entity (such as a subcontractor) that specializes in that operation. Outsourcing is a business decision that is often made to focus on core competences. A subset of the term "offshoring" also implies transferring jobs to another country, either by hiring local subcontractors or building a facility in an area where labor is cheap.

It has been argued that quality levels outsourced tasks may be lower than where they have remained 'in-house'. There are also security issues concerning companies giving outside access to sensitive customer information through outsourcing. The decision to outsource is like any other business investment decision in that there is risk.

28 Jan 2007 00:30:57

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