Strategic Management and Business Policy
Outsourcing (Presented by) (Presented to) Lecturer Topic Outsourcing refers to an arrangement where one company contracts another one to get services that could also be provided internally by in house employees. It involves one company involving a third party to get a function, process or service done (Wheelen & David, 2010). Non-core business processes can be outsourced to increase efficiency.
There are major outsourcing mistakes that people make. They include: over estimating on the