BPO, Nearshoring, EOR, Microsourcing, and so on… There’s plenty of industry jargon used in outsourcing today. According to HG Insights, the global spending in the outsourcing industry is estimated at just over US$138 billion annually. When any industry gets that big, there’s a good reason for the jargon. Each bit of jargon becomes a descriptor… Continue reading Understanding the outsourcing industry’s most important jargon so you can maximize your value
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Three lessons every business can learn from Steve Jobs about outsourcing
Steve Jobs, one of America’s most successful entrepreneurs, relied on outsourcing. In Steve Jobs’s biography, Walter Isaacson writes at length about Jobs’ fascination with controlling everything about Apple products. But somewhere along the way, Jobs had a damascene moment. According to Isaacson, “he let go of his control-freak desire to manufacture products in his own… Continue reading Three lessons every business can learn from Steve Jobs about outsourcing
Why embedded remote team members are the natural successor to outsourcing
As people, we tend to move away from existing systems toward more efficient ones. Joseph Schumpeter, a renowned economist, calls this the theory of creative destruction. Innovations constantly replace existing products and industries. Of course, people are resistant to change, and aren’t always quick to latch on to something new. But in the end, efficiency… Continue reading Why embedded remote team members are the natural successor to outsourcing
From outsourcing to insourcing: making the switch
You have probably heard about outsourcing. It is an overarching term with various sub-concepts, such as Business Process Outsourcing (BPO) for example. For this article, however, let’s talk about outsourcing in its simplest of forms. Outsourcing is when you find people to take work off your hands for a fee. They retain their own business… Continue reading From outsourcing to insourcing: making the switch