Write short notes on the following
Outsourcing
ANSWER:
Outsourcing is the process of contracting out non-core activities of a company to external agencies. It involves outsourcing activities that are not so essential and are less important to the company. The basic rationale behind outsourcing is that it allows the company to focus on its core functions, leaving less important activities to specialised agencies. These external agencies to which tasks are contracted out are highly specialised in their areas of activity and have expertise in performing the assigned tasks. This contributes to the overall efficiency and excellence of the company which is outsourcing work.
