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Often, small or large companies need to delegate certain tasks but simply delegating is not always a solution. The person to which the task may be assigned may not be qualified or may already have his or her hands full and assigning a new task might cause a poor quality result. Also, the task may [...]
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If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business. -Lee Kuan Yew In the traditional brick and mortar business world, you had to hire a new person if you needed more help. If that person didn’t work out, you’d have to fire and replace him or her. [...]
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To an ordinary person, outsourcing a business would seem like a waste of company resources and an additional complication for running a business. This makes sense because after all, why should a company send business abroad when it can be done right at home with a better guarantee for a much higher quality of work. [...]
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IT outsourcing services is a part of outsourcing methodology that involves contracting of work or business processes from one organization to another distant service provider who is usually located in developing countries. The business engagement and payment depends upon the results achieved rather than on the time spent over the work. IT outsourcing offers highly [...]
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What exactly is outsourcing? Is there a difference between outsourcing and business process outsourcing? There are varied definitions on outsourcing. Here are some of the definitions of outsourcing and BPO: (1) Webster’s dictionary defines outsourcing as “the practice of subcontracting manufacturing work to outside and especially foreign or nonunion companies” (2) Administrative Information Technology Services [...]
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The term outsourcing is generally used for contracting out business function to an external entity. The concept of outsourcing helps the firms to perform better in their core competencies. Outsourcing of project to an entity or company outside the country is generally referred as off shoring or offshore IT outsourcing. The major reason of outsourcing [...]
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There has been a huge amount of growth in the outsourcing industry over recent years, so much so that it has become engrained in the way many large enterprises run their business. As the industry matures and the range of outsourcing services extends to higher value activities, client firms raise the bar regarding their expectations, [...]
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Imagine having the access to experts for every aspect of your business. Imagine that this access is reasonably priced. Imagine that these experts can help you from anywhere in the world and that your business can go on even when you are sleeping. Outsourcing gives you all the above. It can be used as a [...]
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Global financial services companies are aligning their IT strategies and priorities along with the developing market and business conditions. According to a recent study from Everest Group on the trends and future outlook of IT outsourcing in Capital Markets, the volume of large-sized, active capital markets transactions grew four-fold from 2008 to 2010. A large [...]
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Many companies and organizations successfully use offshore outsourcing as an effective business strategy. What is the key to success? The first and the most important condition – a vendor should maximally match your needs. Your partner must be able to deliver high-quality services without delays and within the budget provided. So here are few tips [...]
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