ore competencies to carry out the task/job thereby reducing the need for the parent company to maintain resources to handle these tasks. "Outsourcing generally refers to the procuring of material inputs or services by a firm from outside the firm. Outsourcing can be domestic or international." By focusing of the core competencies and allowing the external firm to focus on their's the value addition process is streamlined. The outsourced company can be either within the same country or in a foreign country. When the company is on foreign soil it is referred to as offshore outsourcing.
The current strategy of outsourcing has arisen due to the influence of internet. The Internet has managed to create a common global scenario where geographical location of countries no long offer strategic advantages. In this environment, Globalization referred to as "the process o
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