After a lull in the action, business and innovation are on the rise! After corporations put new outsourcing projects on hold last year as the economy imploded, outsourcing specialists feared for the worst. However, after a nail-biting pause in the action, the volume of outsourcing work started rising. According to the Global TPI index, which measures commercial outsourcing contracts valued at greater than $25 million, the fourth quarter of 2009 will see $24.7 billion of new business, the best performance in six quarters.
Seems the financial crisis did sound a wake-up call that market conditions can change abruptly and that businesses need to change with them. “Companies are realizing that they need flexibility, the ability to contract when problem arise and expand when opportunities appear, “says Michael Corbett, chairman of the International Association of Out-Sourcing Professional. He adds, “At the same time, they are under enormous cost pressure.”
In short, outsourcing isn’t expanding in spite of an uncertain economy, but because of it.
The point in this may be for you to consider the idea that if you outsource a piece of your business that you are not really equipped to handle well , it would result in your employing base working at their highest and best use, saving time and money in the long run.
Let me hear your success stories about when you have utilized outsourcing for your organization.
Sometimes things which at the moment may be perceived as obstacles, and may actually be obstacles, difficulties, or drawbacks, can in the long run result in some good end which would not have occurred if it had not been for the obstacle. – Steve Allen