Monday, November 3, 2008

Financial Crisis and Outsourcing

Contrary to the thinking that outsourcing has been experiencing major cut-offs because of the financial crisis, there is actually light headed in the outsourcing direction. The cost-cutting can prove to be a good thing as this is exactly what outsourcing advocates. The only part of it that I think would suffer would be the call center industry because it's usually the first to go when cutting business functions. It is, after all, not exactly an income churner.

Small businesses are turning to outsourcing as a means of compensating for their losses with low cost labor. This set-up allows their business to function even with minimum capital. With the number of companies shutting down because of the economic crisis looming over United States, morale is down and the uphill climb is as tough as ever.

Outsourcing has been the subject of controversy for countless debates and arguments on how one should go about his business. Outsourcing is the process of contracting outside companies for the accomplishment of a particular business function. Usually the business function that gets outsourced is one that is considered non-core to the company’s primary functions. However, in the face of economic crisis, businesses are considering transferring more functions aside from customer service in the hands of business process outsourcing and knowledge process outsourcing companies.

And why not? If it will save you a great deal of money and get you through the financial storm, why the heck not? There are a lot of great places to find good, quality outsourcing services. The Philippines is a prime example of a rising country in outsourcing.


painter said...
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Sharon said...

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Many thanks

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Danielle said...

I totally agree with you. Philippines nowadays has been really excelling in the field of Service Outsourcing. I've heard some humors that Philippines would probably be the top country in terms of giving Outsourcing Services.


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