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What is Outsourcing and How Does it Actually Work, Anyway..?

Outsourcing is also known as Business Process Outsourcing (BPO). This is the process of hiring another individual or company, either domestically or internationally, to handle business activities for you. It has become a common business practice that allows small and medium-sized businesses to gain services and skills they would usually find hard to develop, because of either financial or manpower restrictions, or possibly a combination of both. Meaning, you can grow your business as and when you need to, without any major investment. It also allows your business to focus on core competencies and, more importantly, cut costs and improve efficiency, all very much hassle-free.

As time has gone by over the last decade or so, business owners now realize that there are many reasons that companies, both big and small, outsource various jobs, but the most prominent advantage seems to be the fact that it saves money.

Antone L. Huges

Many of the individuals or companies that provide outsourcing services are able to do the work for considerably less money, as they donít have to provide benefits to their workers, and have fewer overhead expenses to worry about, especially if they are based in a non-Western country, such as India, China or where I am based, here in the

Web: www.chrisducker.com/how-outsourcing-works/

5 Comments

Sonia

NOVEMBER 9, AT 9:15 PM

Outsourcing also allows companies to focus on other business issues while having the details taken care of by outside experts.

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chang

NOVEMBER 9, AT 9:15 PM

It also means that a large amount of resources and attention that might fall on the shoulders of management professionals can be used for more important, broader issues within the company

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Marsh

NOVEMBER 9, AT 9:15 PM

Such tasks can be, but are not limited to roles such as accounting, bookkeeping, sales and marketing, design and manufacturing, development, promotions, administrative and back office assistance, customer service, web development and much more.

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