Friday, April 25, 2014 4:46 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

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
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

Asian Shares Bounce from 4-week low
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

World’s 1st Bionic Brain Possibly from Australia

By IBTimes AU

Australia could be the first country in the world to create a bionic brain (Feb 25)

MORE TOPICS: AUSTRALIA, INTELLECTUAL PROPERTY, ADDICTION, INVESTMENT

American Bazaar Conclave 2014: Opportunities and Challenges in US Post-Recession
American Bazaar Conclave 2014: Opportunities and Challenges in Information Technology in US Post-Recession

By IBTimes IN

American Bazaar Online's first ever conclave in Bangalore (India) successfully concluded on 1 February, shunning myths related to tight visa restrictions and limited opportunities available in US post-recession, especially in the IT sector. (Feb 02)

MORE TOPICS: INDIA, MANAGEMENT, INFOSYS, WIPRO, LAW FIRM, CLOUD COMPUTING

The Wipro campus is seen in Bangalore June 23, 2009.
Wipro Eyes more Financial Deals to Boost Growth

By Reuters

Wipro Ltd (WIPR.NS) is eyeing more lucrative financial industry contracts from Europe and the United States to catch up with its bigger rivals, as India's No. 3 outsourcing services provider looks to grow its sales by up to 4 percent in this quarter. (Jan 18)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, INFOSYS, WIPRO, MORTGAGE