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Outsourcing - Coggle Diagram
Outsourcing
Drivers
To reduce cost
Improve quality
Improve focus
Increase variable cost element
Access skills
Grow revenue
Innovate
Conserve capital
Onshore
Easier to navigate emergency visits
No movement of funds received as a result of exchange rate
You will know what law are applicable within your country
Knowledge of quality
Offshore
Risks
Distance
Currency
Legal system
Political or economic instability
Quality and reliability of services
Language and culture
Damage to the brand