The offshoring business model is gaining popularity among companies looking to reduce costs and access a global talent pool. By moving operations overseas, companies can take advantage of lower labor and operational costs, but must also consider challenges such as cultural differences and communication barriers.
The outsource network model involves delegating specific tasks or functions to external vendors rather than handling them internally. This approach can help businesses streamline processes, reduce costs, and access specialized expertise. Understanding this model is essential for optimizing operations and maximizing efficiency.