Outsourcing
- Social Sciences -
Economics & Business Dictionary
Definition
An economics and business concept defining a measure, method, or organizational practice used for analysis and decision-making. It specifies how information is generated or used to guide allocation of resources and evaluation of outcomes. It does not ensure correctness without clear assumptions, reliable inputs, and appropriate review of results.
Outsourcing
Social Sciences Dictionary
Definition
The practice whereby an organization assigns the performance of a business function, process or service to an external provider under a contract, rather than performing that work internally within the organization’s own hierarchy or resources.