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1) "Outsourcing" -- As to outsourcing strategy
Outsourcing entered the business lexicon in the 1980s and often refers to the delegation of non-core operations from internal production to an external entity specialising in the management of that operation. The decision to outsource is often made in the interest of lowering firm costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of worldwide labour, capital, technology and resources. Though often used interchangeably, outsourcing differs from offshoring in that outsourcing is relative to the restructuring of the firm while offshoring is relative to the nation (see below), though the two are not mutually exclusive, especially under conditions of globalization. Fundamentally and historically, outsourcing is a term relative to the organisation of labour within and between societies. - 1 Overview
- 1.1 Outsourcing and Offshoring: Compare and Contrast
- 2 Criticisms of outsourcing
- 2.1 Quality of service
- 2.2 Work, labor, and economy
- 2.3 Security
- 3 Responses to criticism
- 3.1 Insourcing also occurs
- 3.2 Work, labour and economy
- 3.3 Quality of service
- 4 See also
- 5 References
- 6 Further reading
- 7 External links
| "Outsourcing" involves transferring or sharing management control and/or decision-making of a business function to an outside supplier, which involves a degree of two-way information exchange, coordination and trust between the outsourcer and its client. Such a relationship between economic entities is qualitatively different from traditional relationships between buyer and seller of services in that the involved economic entities in an "outsourcing" relationship dynamical..."
2) "Strategy" -- As to outsourcing strategy strat·e·gy
Pronunciation: -jE
Function: noun
Inflected Form(s): plural -gies
Etymology: Greek stratEgia generalship, from stratEgos
1 a (1) : the science and art of employing the political, economic, psychological, and military forces of a nation or group of nations to afford the maximum support to adopted policies in peace or war (2) : the science and art of military command exercised to meet the enemy in combat under advantageous conditions b : a variety of or instance of the use of strategy
2 a : a careful plan or method : a clever stratagem b : the art of devising or employing plans or stratagems toward a goal
3 : an adaptation or complex of adaptations (as of behavior, metabolism, or structure) that serves or appears to serve an important function in achieving evolutionary success <foraging strategies of insects> Pronunciation Symbols
A strategy is a long term plan of action designed to achieve a particular goal, most often "winning". Strategy is differentiated from tactics or immediate actions with resources at hand. Originally confined to military matters, the word has become commonly used in many disparate fields, such as: - Strategic management a.k.a. Business Strategy
- Economic strategy
- Geostrategy
- Grand strategy
- Military strategy
- Marketing strategies
- Trading strategy
- Technology strategy
- Game theoretical strategy
- 1 Origins of the word
- 2 Casual and Formal Interpretations of the concept
- 3 Historic Texts On Strategy
- 4 See also
- 5 Notes
| The word derives from the Greek word stratēgos (which derives from two words: "stratos" - army & "ago" - which is ancient Greek for leading/guiding/moving to), which referred to a 'military commander' during the age of Athenian Democracy. A strategy is typically an idea that distinguishes a course of action by its hypothesis that a certain future position offers an advantage for acquiring some designated gain. In other words a strategy is a long term plan of action designed to achieve a particular goal, most often "winning". The nature of historic texts differs greatly from area to area, and, while there are some potential parallels between various forms of strategy (noting, for example, the popularity of the Art of War as a business book), each domain generally has its own foundational texts, a brief mention of some of these follows: - Political strategy
- The Prince, published in 1532 by Niccolò Machiavelli
- Military strategy:
- The Art of War, written in the 6th century BC by Sun-tzu
- On War, by Carl von Clausewitz
- The Influence of Sea Power upon History, by Alfred Thayer Mahan
- The A..."
Further Data On Term for outsourcing strategy
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