Outsourcing Strategy

Outsourcing strategy in international business involves a company hiring external firms or businesses, often in other countries, to handle certain tasks or services. This approach allows companies to focus on their core activities while benefiting from the specialized skills and cost advantages that external providers can offer. By outsourcing tasks like manufacturing, customer service, or IT support, companies can reduce expenses, increase efficiency, and gain flexibility. This strategy is essential for companies looking to compete globally, as it can help them leverage global talent and resources effectively.