Outsourcing is the practice of transferring business activities to an external organization instead of performing the activities internally. It is a business process performed by another company.
There are some benefits of outsourcing business activities. First of all, outsourcing business activities can help to reduce the costs. For example, the cost of labor force in the western is more expensive than the eastern so that if a company hire workforce from these countries can save amount of salaries.
Also, the business can reduce time to market and get a chance to open up the world market.
In addition, the company can develop revenue and save internal resources.
At last, the outsourcing business activities will promote the organization develop process efficiencies and improve employees’ specific capabilities or skills.
As a result, outsourcing business activities can help a company to improve its superiority and develop its competitive advantage. Also, it will promote the development of the company’s market.
* * Define and contrast technology, information technology and information system.
Technology is the knowledge and skills for human to use tools, machines and techniques. Also, technology can be regarded as tools and machines that belong to outcomes are invented by human. It can help to improve the society in common way.
Information technology is used to store, retrieve and transmit information through computers and telecommunications. Information Technology is related to the use of computers and software to manage information.
Information system has an important function which is to collect, create and distribute data in human activities through combination of hardware, software and telecommunication networks that are built by human. Information system is represented by data and in business activities, human