What is offshoring? A definition - PowerPoint PPT Presentation
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What is offshoring? A definition
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Offshoring involves relocating business processes or services to another country to leverage cost advantages, access to skilled labour, and focus on core activities. Originating as a strategy to reduce operational costs, offshoring has evolved to include various forms such as Business Process Offshoring (BPO), Knowledge Process Offshoring (KPO), and IT Offshoring. While it offers significant benefits like cost savings and efficiency gains, challenges such as communication barriers, cultural differences, etc. Visit: . – PowerPoint PPT presentation
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Title: What is offshoring? A definition
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