Thursday, May 24, 2012 9:20 AM IST

Outsourcing

Overview

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

Buoyant Mitie lifts pre-tax profits 8.9%

May 21 - Financial Times

Buoyant Mitie lifts profits 8.9%

May 21 - Financial Times

Serco confident after contract wins

May 14 - Financial Times

Capita prepares for acquisition spree

Apr 25 - Financial Times

Alliance Trust rules out outsourcing

Apr 03 - Financial Times

Mouchel eyes ‘dilutive’ equity raising

Mar 30 - Financial Times

Air Canada pilots brace for low-cost fight

Mar 07 - CBC

Two ‘Big Four’ auditors fail in ex-quango bid

Mar 04 - Financial Times

Serco gets a fillip from Asian profit

Feb 29 - Independent

Serco profit up as Australia and Asia drive growth

Feb 28 - Independent

7 bank unions call for strike on February 28; services may be hit

Feb 26 - The Times of India

Capita contract wins hint at bright 2012

Feb 23 - Financial Times

Kier hit by cuts to council budgets

Feb 23 - Financial Times

Outside the Box: What it will take to bring back American jobs

Feb 23 - MarketWatch

Foreign focus crucial for support services

Feb 20 - Financial Times

Outsourcing revenues: TCS closing in on Accenture

Feb 11 - The Times of India

South Africa: Leading BPO Company - Building On the Successes of 2011!

Feb 01 - AllAfrica News

Serco looking to axe 500 jobs in shake-up

Jan 26 - Financial Times

India Inc to Obama: We are creating jobs in US, Europe

Jan 26 - The Times of India

TPG co buys KPO firm PharmArc

Jan 25 - The Times of India

Articles About Outsourcing

Wipro Launches Its First Corporate iPhone App - Wipro Buzz

By IBTimes IN

Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro announced the launch of its first corporate iPhone app - Wipro Buzz on Wednesday. (12:48 am)

MORE TOPICS: WIPRO, IPHONE, TWITTER, FACEBOOK, ITUNES

Citigroup says cautious on U.S. small-, mid-cap cos

By Reuters

Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States. (May 22)

Worldwide IT Outsourcing Market Grew 7.8% In 2011

By IBTimes

The Worldwide IT outsourcing (ITO) market grew 7.8 percent from 2010, with the revenue totaled at $246.6 billion in 2011. It was the Indian-based IT services providers and providers rooted in cloud-based services that delivered the highest growth rates in 2011. (May 21)

FTSE 100 rebound capped by European worries

By Reuters UK

The top share index bounced slightly higher on Tuesday after sharp falls in the previous session, as investors bought beaten commodity and banking stocks, though the market remained volatile against a backdrop of euro zone uncertainty. (May 15)

MORE TOPICS: MERRILL LYNCH, FTSE, CREDIT SUISSE, INVESTMENT