Tom Peters aptly quoted “Do what you do best, outsource the rest”. Outsourcing is meant as a delegation of non-core operations or jobs from internal production within the business […]
Outsourcing refers to the practice in which the company usually delegates it’s in-house functions to the outsourced company so that the parent firm is free to focus on the core aspects of the business. However, outsourcing in today’s era has got maximum popularity. It is today seen as an effective tool to boost growth and stimulate productivity, particularly when the experienced staff is very hard, difficult and pretty expensive to hire.