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From an economic standpoint, a firm should outsource any non-core activity if it can be done by someone else for a substantially lower price. This is more effective use of the firm's resources which makes it more competitive, and therefore represents the best interests of employees, shareholders, creditors etc.
Outsourcing work usually increases the cost of managing the work, and also the risk of failure. If the outsourcing involves a 3rd party directly interacting with the firm's customers, this is also a further risk.
Before deciding if outsourcing is a good idea, these additiona risks needs to be considered, not just dollar pricing.
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Difference between relevance and irrelevance theories of dividends?
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How strict a teacher should be?
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What is a sentence with repair reputation in it?
To repair reputation efficiently at a low cost, you should find a good outsource reputation marketing firm.
Would it be a good idea for a small firm to outsource database management?
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Can a firm Outsource its Recruiting?
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When should a corporation or business unit outsource a unction or an activity?
A business unit or corporation should outsource an activity or a function when they want to cut of the costs.
Looking to outsource legal functions to India and you are looking for advisors or consultants to help?
I think a firm named Fronterion, LLC can help you out. www.fronterion.com
Can metal studs be worn on firm ground?
They should not be worn on anything but a grass field or turf (:
Should I outsource my automated payroll service?
If you have a small staff (
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No, it will just annoy your customers.
Low wages in the underdeveloped world give US companies an incentive to do what?
outsource
Should property management business set up its own cleaning service or outsource?
If you have big business and every day you need to arrange for cleaning, then it will be more profitable if you have your own cleaning services as compare to outsource and if you have less work of cleaning services then its better to outsource.
When should a corporation outsource a function?
A corporation should outsource its function(s) when its in-house staff cannot do the work anymore or if manpower is short and there's a need to cut costs in hiring more people at a lower pay rate.
What is an outsource?
An outsourcing firm refers to a business group that is solely focused on doing specific jobs for a client. This is a third-party workforce that does jobs regardless of whatever the client's business.
