What is outsourcing? Explain the management advantages of outsourcing
What will be an ideal response?
Outsourcing is the process of hiring another organization to perform a service. Its management advantages are:
• Obtain expertise—Outsourcing can be an easy way to gain expertise. Developing expertise is often expensive, and may not be in the company's strategic direction. The organization might choose to hire a specialist company to perform this service.
• Avoid management problems—Outsourcing helps in avoiding the management problems that arise due to hiring and allotting tasks that require specific skills.
• Free management time—Some companies choose to outsource to save management time and attention. Outsourcing saves both direct and indirect management time.
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