When Should a Organization Offshore?
At some point in the lifespan of any company when a organization owner must make a critical decision about how to develop further. Most companies competing in this global economy must eventually choose whether or not to use offshoring solutions if they want to continue to grow or scale. It's a tough decision during these uncertain economic times. With a recession on the horizon, the strategic implementation of offshoring solutions to lower costs for processes could mean the difference between survival and bankruptcy for many businesses. The Distinction Between Offshoring and Outsourcing Due to frequent confusion, let's first make a distinction between offshoring and outsourcing . When a business hires a specialized outsider to carry out a phase of its business process, this is known as outsourcing. This typically means that the staff of the third party is not directly managed and supervised. On the other hand, offshore refers to the practice of a company moving or sending in