Offshoring and outsourcing are often used interchangeably, but they are distinct practices. Offshoring involves moving business operations abroad, while outsourcing refers to contracting a third party to perform tasks. Understanding these differences is crucial for making informed business decisions.
Offshoring and outsourcing are often used interchangeably, but they have distinct differences. Offshoring involves relocating business processes to another country, while outsourcing involves hiring a third-party to perform tasks. Understanding these differences is crucial for businesses considering these strategies.