• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

ImportantIndia.com

Indian History, Festivals, Essays, Paragraphs, Speeches.

  • Home
  • About
  • History
  • Important India
  • Categories
  • TOU
  • Contact Us

Short Paragraph on Outsourcing

Category: Business, Essays and Paragraphs On July 19, 2016 By The Navigator

What exactly is “outsourcing”? Outsourcing is the process by which companies hire third-party companies to get their work done. It helps in reducing the expenses and increasing the profit.

Although a company can provide a certain service for itself, it prefers to assign the job to someone else. This way saves time, energy and resources for the enterprise, which can now be a lot more productive and profitable.

Advantages: Outsourcing can cut the costs of any business impressively. By having part of the work done for them, companies can focus on improving their production.

In other words, outsourcing can also increase efficiency. Moreover, companies can save a lot of money that they can invest in other avenues of business, like technology.

Also read: Outsourcing: Meaning, Advantages and Disadvantages of Outsourcing

Disadvantages: However, hiring someone else to do the work, means signing contracts and legal restrictions that can be very time-consuming.

The cooperation between two different companies can be very slow.

The communication is not always ideal.In addition to wasting valuable time, outsourcing could leave a company exposed, since some confidential information could leak towards the third-party company.

So, security issues could also come up.

Conclusion: Outsourcing can be extremely helpful to many companies. It can lead up to less cost and more profit. However, this method can be tricky, since the companies might get involved in complicated security or legal situations.

Related

Category: Business, Essays and Paragraphs

Primary Sidebar

Search ImportantIndia.com

Advertisements

Select Categories

  • Essays and Paragraphs
  • Speeches
  • History
  • Festivals
  • Environment
  • Kids
  • Economy
  • Proverbs, Sayings, Idioms and Phrases

Tags

  • Indian Festivals
  • Science and Technology
  • Renewable Energy
  • Pollution
  • Global Warming
  • Freedom Fighters of India
  • Water
  • Tourism
  • Short Moral Stories for Children
  • Family System
  • Education
  • Ecosystem
  • Communication
  • Agriculture in India

Footer

  • Categories
  • History of India
    • History of Mughal Empire
    • Modern History of India
  • Important India
  • Indian Geography
  • Blog
  • About Us
  • Report an Article
  • Sitemap
  • Contact Us
  • Terms of Use, Privacy Policy, Cookie Policy, and Copyrights.

Copyright 2013-2019 · Discover the Importance of India