What is Outsourcing?

Outsourcing is basically a method of carrying out a definite task without completely relying on the original companies resources. It can be a development of a product or can also be acquiring knowledge and technology.

In plain English, outsourcing is the process by which a parent company hire services / technology from firms or individuals outside itself to carry out a particular task. The parent company will not disturb its internal schedules and resources, but utilize the expertise, knowledge and resources of outside bodies to carry out the job. The important point to note is that, the production or development job is only transferred to the foreign body, and the responsibility of the job is with the parent company itself.


Why would anyone outsource?

There can be numerous reasons behind the decision to outsource a job to foreign bodies.
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