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Business strategy
What are the benefits of outsourcing certain business functions?
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[QUOTE="King bell, post: 342745, member: 75687"] If companies outsource their business activities, they can make savings through using cheap experts. It allows the organizations to concentrate on primary activities by transferring repeatable tasks. Firms gain competitive advantage from specialized skills and adaptability to changing market conditions. Outsourcing also speeds up project timelines and helps with risk mitigation and regulatory compliance. The business community can benefit from accessing expertise from other firms in terms of innovativeness, effectiveness, or entry into a new market segment. Generally speaking, outsourcing gives organizations an opportunity to use quality services at scale while reducing risks and sticking to current regulations besides diverting resources towards the main operations. [/QUOTE]
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What are the benefits of outsourcing certain business functions?
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