Management Glossary

  Search Results: outsourcing
Using outside individuals or firms to perform functions that were previously performed within the company (or that are usually performed within the firm at other similar companies within the same industry). The term outsourcing applies equally well whether the work is sent to another country or it is done within the same country as where the company that is outsourcing the work is domiciled.
Contributed by: ManagerWise Staff
See: offshoring, nearshoring

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