Friday, July 25, 2014 3:04 AM EST

Outsourcing

Outsourcing is often viewed as involving the contracting out of a business function - commonly one previously performed in-house - to an external provider. In this sense, two organizations may enter a contractual agreement involving an exchange of services and payments.

Of recent concern is the ability of businesses to outsource to suppliers outside the nation, sometimes referred to as offshoring or offshore outsourcing (which are odd terms because doing business with another country does not mean you have to go offshore) In addition, several related terms have emerged to grasp various aspects of the complex relationship between economic organizations or networks, such as nearshoring, multisourcing and strategic outsourcing.

Headlines Around the Web

Articles About Outsourcing

Justin Bieber Offered $1 Million Dollars to Do Porn

By IBTimes AU

Porn mogul Larry Flynt offered $1million dollars to Justin Bieber to do pornographic commercials. (May 23)

MORE TOPICS: NEW YORK, JUSTIN BIEBER, LONDON

Air Canada's Boeing 787 Dreamliner arrives at Pearson International Airport in Toronto May 18, 2014. REUTERS/Aaron Harris
Air Canada: First Dreamliner Touches Down, Union Opposes Outsourcing Three Routes

By IBTimes AU

Air Canada has received its very first 251-seat Boeing 787 Dreamliner over the weekend. Air Canada has ordered a total of 37 of the new passenger jets. It will be used to open a route between Toronto and Haneda airport in Tokyo starting July. (May 20)

MORE TOPICS: BOEING 787, MANUFACTURING, MANAGEMENT

Australian Tax Office to Cut 3,000 Jobs

By IBTimes AU

As part of the Abbott government's cost-cutting measures to be announced this week in the budget, the Australian Tax Office (ATO) will axe 3,000 jobs, reports said. (May 12)

MORE TOPICS: AUSTRALIA, TONY ABBOTT

Voters display their voter identity cards as they wait for their turn to cast their ballot at a polling station in Uttar Pradesh. (Representational image)
India Passes Halfway Mark in Election with BJP Gaining Strength

By Reuters

India called a quarter of its 815 million voters to polls on Thursday, in areas ranging from Himalayan passes to a southern IT hub and western sugarcane farms. (Apr 18)

MORE TOPICS: TWITTER, COURT, ELECTIONS, INDIA, SUPREME COURT, CONGRESS

Infosys says Staff Exodus a worry after Q4 Profits Beat Estimates

By Reuters

Staff left India's second largest IT services exporterInfosys Ltd (INFY.NS) at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period. (Apr 16)

MORE TOPICS: MANAGEMENT, INFOSYS, WIPRO, INVESTMENT, LONDON

Infosys Q4 Net Profit up 25 Percent, Beats Forecasts

By Reuters

Infosys Ltd, India's second largest IT services exporter, reported a 25 percent increase in quarterly net profit, beating estimates, as it added new clients including Chinese-owned Swedish automaker Volvo Car Corp. (Apr 15)

MORE TOPICS: INFOSYS

Accenture Raises Full-year Profit Forecast
Accenture Raises Full-year Profit Forecast

By Reuters

Accenture Plc (ACN.N), recently chosen as the lead contractor for the Obamacare enrollment website, raised its full-year profit forecast and the lower end of its revenue forecast. (Mar 28)

MORE TOPICS: HP

Bill Gates: 'Robot Apocalypse' on the Way! Is Software Automation Stealing the Pie from Humans?

By IBTimes AU

Bill Gates, Microsoft co-founder and one of the richest men in the world, spoke at the American Enterprise Institute at Washington DC. (Mar 18)

MORE TOPICS: MICROSOFT, BILL GATES, RETAIL

A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in Gujarat on 30 October, 2012.
Maruti Investors Ratchet Up Pressure to Shelve Suzuki Deal

By Reuters

A group of investors in Maruti Suzuki Ltd ratcheted up pressure on India's top carmaker to abandon a plan for its Japanese parent to build a new plant to make cars for the Indian firm, saying it would hurt shareholders. (Mar 12)

MORE TOPICS: MANUFACTURING, INDIA, MANAGEMENT, INVESTMENT

Australian Stock Market Report – Afternoon 2/27/14

By Comsec

The Australian share market has fallen victim to profit taking, after a recent bull run. The All Ordinaries Index (XAO) lost 26pts or 0.5 per cent on the close to 5421 with weakness from mining, energy and financial players. (Feb 27)

MORE TOPICS: UNEMPLOYMENT, TWITTER, FACEBOOK, OPTUS, QANTAS, INVESTMENT