Outsourcing

Outsourcing is the practice of hiring external companies or individuals to handle specific tasks or services rather than managing them in-house. Businesses often do this to reduce costs, access specialized skills, or improve efficiency. For example, a company might outsource its customer support to a firm that specializes in this area. This allows the company to focus on its core activities while benefiting from the expertise and resources of the outsourced provider. While outsourcing can offer several advantages, it may also raise concerns about quality control, communication, and job losses within the original company.