Pros and Cons of Outsourcing The pros of outsourcing The pros of outsourcing often positively reflected by enterprises across industries include: *Better revenue realization and enhanced returns on investmentLower labor cost and increased realization of economics of scale *Tapping in to a knowledge base for better innovation*Frees management time, enabling companies to focus on core competencies while not being concerned about outsourced routine activitiesIncreases speed and the quality of delivery of outsourced activities *Reduces cash outflow and optimizes resource utilization The cons of outsourcing Often weighed with the advantages before any decision on outsourcing is undertaken, the following represents some of the possible disadvantages often dwelled upon: *Possible loss of control over a company’s business processes *Problems related to quality and turnaround time *Sluggish response times coupled with slow issue resolutions *Shortcomings in performance vis-à-vis expectations *Lower than expected realization of benefits and resultsIssues pertaining to lingual accent variation *An irate customer base coupled with enraged employee unions Read more at: flatworldsolutions/articles/pros-cons-outsourcing.php
Posted on: Sat, 04 Oct 2014 02:00:01 +0000
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