What is Outsourcing ? Outsourcing, as we all surely know, is getting some work done by some external source..it could be in product industry or in service industry. As grew the economies all over the world..as grew the competition..so grew the trend of outsourcing and with it came up new technical words related to it that got added into the dictionaries. There have been variouse reasons for the need of outsourcing or offshoring, some like-
Cost Savings
Concentrating on core business and getting the rest done by outsourcing
For better knowledge results
For legalised contracts and quality improvement
Time Saving
Client retention
Risk management
Tax benefitHaving own personal time
Transfer of liabilities
Revenues
As additional source of income
AND many more...
As each coin has 2 sides, so does this. No doubt, it has been of great help for the brains in developing countries...who were willing to work, had talent but not access to work and yes, in return, it also has helped the countries, firms, companies or individuals who have been outsourcing...fo some, all or many other reasons additional to the above mentioned. We talk of Brain Drain...ANd that reminds me of respected US President Barack Obamas opposition to outsourcing just a few days back. I sat in front of my idiot box for all those hours listening carefuuly to all that and myself felt like an idiot !! With wild and weird thoughts wandering in my mind parallely with emerging plans for a safer future. It made me surf the net more and learn how did all this begin...."Need gives birth to all Soltions." and OUTSOURCING was one Solution then! I respect The President's concern and sense of responsibility towards his nation and the Americans and just thought....When all businesses in the entire world...from food supplies..to cosmetics..from books to technologies....from inventions to quality checks...all are successful only as a WORLD TEAM WORK...all good brains working together...when everthing is inter-related amongst all countries...then why not similar rules in all countries. Once we have similar rules, be it for taxation, business, offshoring etc .... all would play within the same set of rules and hopefully this might bring better justice to the working community and the paying community. Why shouldn't all try to create new jobs together and build up oppurtunities for an overall peaceful development. I heard Mr.Obama said - Lets use the money thats not being spent on wars...in creating new jobs and help raise the lower income group and towards an overall economy development...I am not quoting his words as this is what I understood in my own words but yes I totally agree to this and would love to say that I am happy to be born on this planet, rather than saying I am happy to be a particular Nationale...bcos be it any Nation....Survival needs and fights for them remain the same, everywere.
