Hello Thomas and Gina,
For Jason, you might want to consider outsourcing to India. Most of the companies here outsource their IT Services to India which is what India is best at. You save money not having to maintain a staff person here while a company can do this for probably half the cost or less.
1. Cut costs while still getting the right quality of work assuming that you have a good service provider.
2. Save your time since someone else will be doing the job for you.
1. Very risky as it might turn out as a failure in your business which can lead to loss
2. If you fail, you will really fail.
2 things to consider to overcome the common problems in outsourcing:
1. Outsource the right activities - if it's something that will directly impact your customers, then think twice. Make sure you get the right service providers (proceed to no. 2 on how to get the right service providers) if you outsource such activities.
2. Get the right help - you should get have service providers that are reliable and trustworthy. You know you will be monitoring them at a distance so trust is really a factor. Communication is also another thing to consider--both parties should agree with the terms and agreements. Also, to get the right service providers, take time to interview them, search for feedback of previous employers, previous experiences, ratings, etc.
* Improved Business Focus (now we can focus on our core business activities by outsourcing all activities that are not critical for our business)
* Reduce Production and Operating Costs (by outsourcing our production overseas we will cut our operating costs by more than 30%)
It Outsorcing is certainly going to get affected by this slowdown. Today due to this slump the growth plans of most of the companies has bone down , and we are facing decrease in business by almost 50%.
the real scenarion is very bad , lets hope some thing new emerges as its very well said
“necessity is the mother of invention”