Inside Outsourcing

Download or read book Inside Outsourcing written by Derek Gallimore and published by Outsource Accelerator. This book was released on 2022-06-10 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt: OUTSOURCING IS THE BAD BOY OF BUSINESS, blamed for poor quality, unethical salaries, inhumane conditions, and even the ruination of industrialized economies. Yet, Apple, Google, JP Morgan, and almost every Fortune 500 company outsources, and the industry is growing at breakneck speed. Hiring an offshore team can save a company 70% on its staffing costs and offer previously unimaginable access to a near-infinite pool of 2 billion highly qualified professionals. It's a game changing proposition for businesses. Globalization and technology are connecting the world's 8 billion people into one single online economy. For three decades, the outsourcing industry was a sleeping giant, generating $200 billion annually, and employing tens of millions of people, but mostly invisible to the traditional economy. Now, the giant is waking. Only recently has outsourcing become an option for small and medium-sized businesses. Previously, due to technological limitations, it was the exclusive domain of the big multinational conglomerates. Many smaller businesses have now heard of offshoring, but few really understand its full potential or how it can be applied to their company. What does outsourcing really mean for the typical business, entrepreneur, or manager? Should they embrace this movement or run from it? Is outsourcing really the devil incarnate or a misunderstood force for good? Will it cause the downfall of economic stability in the West or catalyze humanity's next step-change in prosperity and innovation? Inside Outsourcing takes a deep dive into the origin of outsourcing, its current state, and likely future. It explores the high-level concept, drills down into the mechanics, offers clear insights for its practical application, and provides actionable advice for businesses of all sizes exploring its potential. This book is a must-read if you don't want to miss this game-changing opportunity.