Chapter 2, Problem 15DQ

Summary Introduction

To determine: Internal issues that should be addressed by the managers while Outsourcing.

Introduction:

Outsourcing:

Outsourcing is a policy followed by firms where the hire an outside party to produce their goods which were previously done in-house by their own employees. Outsourcing is seen as cost cutting measure where they perform similar jobs with reduced costs. The downsides of outsourcing are the impending loss of jobs in the home country.