Rationale for Outsourcing
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The document discusses the rationale for outsourcing and the benefits it provides. It argues that outsourcing allows companies to focus on their core competencies by outsourcing other functions to specialized external vendors. This can improve performance, reduce costs, and provide access to expertise, resources, and best practices. However, outsourcing also carries some risks like loss of control that need to be mitigated through strategic partnering and service level agreements.
![Defining Outsourcing “ Do what you do best and outsource the rest.” Tom Peters ,[object Object],[object Object],Outsourcing is defined as having an external vendor provide, on a recurring basis, a service that would normally be performed within the organization. The vendor is also accountable for providing predefined levels of service to the organization .](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Rationale for Outsourcing
- 1. Rationale for Outsourcing “ Do what you do best and outsource the rest.” Tom Peters Tom Peters Presented at HR Round Table organized by ISPe & UPES, Dehradun
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