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What is outsourcing ?...

What is outsourcing ?

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Outsourcing is a business practice in which a company hires another company or an individual to perform tasks, handle operations or provide services that are either usually executed or had previously been done by the company's own employees.They frequently outsource customer service and call service functions.
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Why is outsourcing necessary ? Describe the benefits of outsourcing .

Ruling governments in the west are being punished by the voters for every rising unemployment rates. Their parliament is abuzz with campaings, marked by criticism oflndia as an outsourcing hub. India is seen by many people in the west as a land of call-centers and back office with cheap labor that cost people in the west, their jobs. Which of the following statements would weaken the argument given in the passage ?

What is the significance of outsourcing for India ?

How does outsourcing represent a new mode of business ?

In today's dynamic businesses environment, companies are specialising in their core competency and divesting non-core businesses. In this context, one may city decision of Hindustan Unilever Limited in divesting non-core businesses of chemicals and seeds. Some companies are outsourcing their non-core activities like share-transfer management and advertising to outside agencies. So much so, that even core processes such as R&D, manufacturing and marketing are being outsourced today. Thus, significance of 'Business Process Outsourcing' (BPO) and 'Knowledge Process Outsourcing' (KPO) has increased. (a) Identify the significance of principle of manugement highlighted above. (b) Identify and explain the principle of management followed by the companies which are outsourcing their non-core and core activities.