If you google the term outsourcing, you will probably find yourself overwhelmed with thousands of write-ups, commentaries, and blogs on the subject. The truth is, outsourcing has already become a widely used arrangement between companies to companies and its effects are now felt on a global scale. Not only does it affect our worldwide economy, it also initiates a cosmic change to how we work and interact within the market.
Outsourcing is usually undertaken by organizations in pursuit of cutting costs without compromising quality. When some of the business aspects can no longer be handled by an organization, they are allocated to a third-party vendor who are then expected to complete the process and maintain the standards of the mother organization.