Outsourcing and offshoring are popular models of doing business. They allow companies to increase their productivity and profitability. There are some differences between the models, so if you are going to find out which option is suitable for your company and know the pros and cons very well, you have to comprehend the features peculiar to each option.
Large corporations have been resorting to offshoring and outsourcing for decades to reduce operating costs, attract the necessary expertise, and gain competitive advantages. Global competition in talent finding has made these collaboration models even more relevant and popular.
This article will compare outsourcing and offshoring, tell you about their main features, and share tips on when it is better to choose one over the other for your business.
