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Services making use of low-cost countries included: back-office and administrative functions, such as finance and accounting, HR, and legal; call centers and other customer-facing departments, such as marketing and sales services; IT infrastructure and application development
Outsourcing could be an example of risk sharing strategy if the outsourcer can demonstrate higher capability at managing or reducing risks. [30] For example, a company may outsource only its software development, the manufacturing of hard goods, or customer support needs to another company, while handling the business management itself.
A company subcontracting a business unit to a different company in another country would be both outsourcing and offshoring, offshore outsourcing. Types of offshore outsourcing include: Information technology outsourcing (ITO) is where outsourcing is related to technology or the internet, such as computer programming.
Both in-house agencies and outsourcing models have their own advantages and disadvantages. Outsourcing to an external agency allows marketers to obtain highly specialised strategic, research and planning skills, access to top creative talent and provides an independent perspective on marketing or advertising problems. [13]
The global sourcing of goods and services has advantages and disadvantages that can go beyond low cost. Some advantages of global sourcing beyond low cost include: learning how to do business in a potential market, tapping into skills or resources unavailable domestically, developing alternate supplier/vendor sources to stimulate competition ...
BPO services are Financial and Accounting Services, Taxation and Insurance Services, E-Publishing and Web Promotion, Legal Services and Content Writing. Most services provided by BPO vendors are offered on a fee-for-service basis, using business models such as Remote In-Sourcing or similar software development and outsourcing models.
Outsourcing relationship management linking to external service providers; In his 2004 book "The Outsourcing Revolution", [2] author Michael Corbett discusses the challenges of integrating two separate business entities (the client and the external service provider) across the different organizational boundaries and differing motivations and ...
Moral outsourcing refers to placing responsibility for ethical decision-making on to external entities, often algorithms.The term is often used in discussions of computer science and algorithmic fairness, [1] but it can apply to any situation in which one appeals to outside agents in order to absolve themselves of responsibility for their actions.