Is outsourcing really an effective business strategy?

[Stardust]

What do you think?

[Garnett Simpkin]

it improves efficiency, cuts costs, speeds up product development, and allows companies to focus on their “ core competencies”. It enables an organization to achieve business objectives, add value, tap into a resource base, and mitigate risk.

[emmajoe]

Outsourcing will work but depends on how you manage it & also the people you hire to outsource. word to pdf (https://word-topdf.com)

[michaela00]

thank you for creating this discussion

[RodneyKane]

Time to update this thread. I think it can be an effective strategy if you do it right. That being said, if you're thinking about outsourcing some of your business functions to employees from another country, you might want to look into an ICT Intra-Company Transferee Work Permit Business Plan. It can help you outline the legal requirements and responsibilities involved in bringing foreign workers into your company. If you're interested, here's a link to some more information: https://www.ogscapital.com/business-plan/ict-intra-company-transferee-work-permit-business-plan/. It's always good to do your research and make sure you're following the rules, especially if you're new to the game. Good luck!

[rety]

it improves efficiency, cuts costs, speeds up product development, and allows companies to focus on their “ core competencies”. It enables an organization to achieve business objectives, add value, tap into a resource base, and mitigate risk.