OutSourcing

Outsourcing is a business decision that is tightly aligned with the company’s overall growth strategy. However, like so many business decisions in today's organizations one cannot separate the business from the underlying technology.

Simply put, you cannot outsource without an unambiguous and well understood definition of a your company’s core competency and in house capability. Understanding your core competency is essential if you are to identify where you should focus your energy and resources. Key aspect in selecting a partner is who can help a company to balance risk and opportunity, lower costs, increase innovation across all of its processes. Organizations need to focus their precious resources on what they do best in order to innovate on their core competencies.

Outsourcing and offshoring are essential components of growth strategy but only if they pave the way for organizations to free up resources such as people, money and systems etc., so they can focus on core competencies that lead to greater innovation. Companies used to outsource their IT functions to obtain quick cost savings. Now, they view outsourcing as a means of acquiring best-in-class service, access to global talent, technological innovation, and a flexible cost platform, as well as of supporting business expansion.

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