Why firms outsource? The latest study from PricewaterhouseCoopers LLP (PwC) found out that a whopping 87% of senior executives feel IT outsourcing actually delivers on the comprehensive business benefits are being projected in the original plan.
The study has shown top 7 reasons why organizations outsource. There is no prize for guessing cheaper cost comes on the top. While looking at the list please remember that one firm may have more than one reasons for outsourcing.
Here goes the list:
Lower costs (important or very important)--76%
Gain access to talent--70%
Farm out activities that others can do better--63%
Increase business model flexibility--56%
Improve customer relationships--42%
Develop new products or markets--37%
Geographic expansion--33%
Read more from PwC: Fund Outsourcing to Ramp Up in the Next Two Years
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