Offshoring - What Is Offshoring?

Topics:
Strategic Management Tools
Tags:
Business Operations,
CTQ Media,
It Operations,
Offshoring,
Outsourcing,
Outsourcing & Subcontracting
Source:
CTQ Media

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Overview: Offshoring simply means having the outsourced business functions done in another country. Frequently, work is offshored in order to reduce labor expenses. Other times, the reasons for offshoring are strategic - to enter new markets, to tap talent currently unavailable domestically or to overcome regulations that prevent specific activities domestically. India has emerged as the dominant player in offshoring, particularly in software work.

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