ABSTRACT

This chapter Identifies and seeks the possible right ways of performing outsourcing-insourcing. It presents the possible consequences of performing outsourcing-insourcing the right way. The chapter Identifies and avoid possible wrong ways of performing outsourcing-insourcing and presents the possible consequences of performing outsourcing-insourcing the wrong way. It also presents the possible future changes that may impact the outsourcing industry. Companies can give many different reasons why they outsource, but the reality is that outsourcing's most attractive feature is it helps firms cut costs. In a survey conducted by the Boston Consulting Group the economics of outsourcing appear to show it will have continued importance as a cost reduction strategy long into the future. They found factory workers in low-cost countries work much more cheaply than their United States and European counterparts. Trust is a difficult condition to define in the international context, since the differences in culture, politics, economics, and demographics create differences in how people view 'right and wrong'.