1.1 What is Outsourcing?
Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company. The decision to outsource is often made in the interest of lowering firm costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of land, labor, capital, technology and resources. The process of outsourcing generally encompasses four stages: 1) strategic thinking; 2) evaluation and selection; 3) contract development; and 4) outsourcing management or governance.
The challenges of outsourcing become especially acute when the work is being done in a different country, since that involves language, cultural and time zone differences.

1.2 Reasons for outsourcing
1.2.1 Cost savings.
The lowering overall cost of the service to the business. This will involve reducing the scope, defining quality levels, re-pricing, re-negotiation, cost re-structuring.
1.2.2 Customer pressure.......

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Title: Outsourcing
Approximate Word Count: 482
Approximate Pages: 2 (250 words per double-spaced page)

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