define outsourcing and its features
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Outsourcing is a business practice in which a company hires another company or an individual to perform tasks, handle operations or provide services that are either usually executed or had previously been done by the company's own employees.
The outside company, which is known as the service provider or a third-party provider, arranges for its own workers or computer systems to perform the tasks or services either on site at the hiring company's own facilities or at external locations.
Focus on core activities
Scalable Services
Expert Services
Risk Management
Staffing Flexibility
Increased Revenues and Profits
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