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Outsourcing vs Offshoring or the Need for Both in the Present Context

DOI: 10.36647/TTEBS/01.01.Art004, PP. 16-20

Subject Areas: Educational Economy and Management, Economic System, Behavioral Economics, Business Analysis, Development Economics, Business Communication, Economics of Law, Business and Economics Education

Keywords: data collection, business, quantitative

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Abstract

Abstract: Nowadays, outsourcing and offshoring are taking huge responsibility for the enhancement of an organisation's performance. It helped to decrease the organisational operation cost for maintenance of the business profitability. Implementation of the change management policies helps to make changes to the organisation's performance. Focusing on the organisation's key areas helps to eradicate the organisation's challenging situations. This project has mentioned the impact of offshoring and outsourcing on an organisation's decision-making process. A primary quantitative data collection process has been used for the collection of authentic information. The recommended strategy will help to eradicate the risk factors of outsourcing and offshoring strategies for the enhancement of business stability.

Cite this paper

S, K. (2022). Outsourcing vs Offshoring or the Need for Both in the Present Context. Technoarete Transactions on Economics and Business Systems, e8383. doi: http://dx.doi.org/10.36647/TTEBS/01.01.Art004.

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