What are the effects of Outsourcing?
What is Outsourcing? Outsourcing is the process where one organization's work is assigned to another company or organization in order to maximize the quality of service yet keeping the cost at the minimum. This process can be done for a certain task or for the full fledge services which are offered by an organization. Like any other business process or model it also has its pros and cons which are to be considered when outsourcing the work. The overall effects of outsourcing are dependent of the industry and the business segment which is outsourced. But in general outsourcing is done to enable organizations to generate more profits and have a competitive edge in the market. As we all know that no organization will adopt this business model with ill intentions but still there are some negative effects which may cause the quality of service or products to go down or increase a delay in the delivery of the products. Having said that if we take a look at the bigger picture