Answer :

Outsourcing is contracting out of activities to other companies or service provides, for both core and non-core activities. It represents a new model of business because by outsourcing to other companies, you can take benefit of their expertise and experience to increase your organisational efficiency and improve organisation performance. It helps the organisation in becoming competitive in the market. Non-core activities are outsourced so that you can focus on your core activities and core skills your organisation have.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Outsourcing

NCERT - Business Studies

What are the ethiNCERT - Business Studies

How does outsourcNCERT - Business Studies

Why are e-businesNCERT - Business Studies