The concept of outsourcing dates to early eighties when larger business houses started hiring their non core functions to outsourced companies. Most of the outsourced companies were specialized in providing particular service,product or function. These outsourced companies would take in charge of the functions which were to be outsourced.

Outsourcing in literal sense means sourcing from offshore business houses. It refers to sub- contracti » Read more: Is Outsourcing a Strategic Management Option: Find Out How?