Renat Khasanshyn, CEO of Altoros, shared his thoughts on how outsourcing can help achieve a variety of business goals, if the senior management creates an effective strategy to manage the offshore relationship. The article was published by Projects@Work, an online resource for IT and business professionals.
“Businesses are under increasing pressure to do more with less, and offshore outsourcing is on their agenda for many reasons, including lower costs and capital expenses; accelerated time to market; compensation for lack of internal staff; and improved quality. In search of these goals, outsourcing may be a suitable solution. However, as with any new business endeavor, there are trade-offs. Here are five major risks that organizations should consider in planning and executing an outsourcing strategy.”