Outsourcing: A Good Idea or A Bad Idea

Outsourcing: A Good Idea or a Bad Idea

Outsourcing is defined by Schiller (2008) as the relocation of production to overseas countries. In other words, it is the contracting of a third party for more effective and efficient business process management than can be internally done. In the 1980's, the term 'outsourcing' was initially used and explained the contracting out of information systems; however, these days, it is not restricted to information systems, but is known in combination with all likely functions of business that can be feasibly contracted to an external provider. Outsourcing enable ...