Literary Review Outsourcing

In: Business and Management

Submitted By cgvillarose
Words 5064
Pages 21
Abstract
For the past four decades, outsourcing has provided organizations in running aspects of production and operations (Corbett, 2004). Designed to help build better businesses, stronger economies, and improve conditions in developing countries, outsourcing has become a popular business concept. The purpose for this paper is to review outsourcing as a viable business concept, identifying how outsourcing is used, benefits and setbacks, and options available for business support. The author will examine the concepts driving companies to use outsourcing as a worthwhile business strategy, utilizing several sources showing progression from initial conception to present day use. With today’s rapidly changing environment, one must question how outsourcing will adapt, allowing for continued success.

Introduction
In recent years, consumers have felt the impact of outsourcing on a personal level as they contact technical support for computers, satellite, and other services. While the ideas have been utilized for decades, outsourcing has become more common today as companies attempt to downsize without compromising success. The following will examine the concepts driving companies to use outsourcing as a worthwhile business strategy, utilizing several sources showing progression from initial conception to present day use.
Outsourcing Overview
Outsourcing involves transferring work or tasks to an external party, allowing for partnerships with other organizations (Power, Desouza, & Bonifazi, 2006). Early attempts of outsourcing allowed leadership to delegate noncore activities in attempt to find faster, less expensive options freeing up opportunity for managers to focus on more daunting tasks requiring immediate resources. Encouraging efficiency, outsourcing also creates effectiveness allowing managers to outsource work requiring specific knowledge and expertise…...

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