Outsourcing has caught tremendous corporate interest worldwide for several
years now. The practice of 'delegating business processes to an external
agency owing to its claimed expertise in handling the same' has been widely
discussed and successfully implemented by leading worldwide organizations.
Outsourcing is widely accepted today as a viable strategic management tool.
It is a way to reallocate resources, both capital and human, towards more
strategic work. It allows organizations to focus on core competence,
leverage business critical infrastructure, convert fixed costs to variable
costs, facilitate best-of-breed implementations, and redirect resources for
core competency development through reduced costs. Outsourcing brings new
technology, product functionality, and economies of scale.
Today, the Philippines is in full swing to promote its IT outsourcing
potentials to take advantage of the global demand for IT and IT-related
electronic services. By becoming a major player (or primary service
provider) in the global outsourcing industry and a Technology Partner to
leading companies worldwide, the country will generate income, foreign
exchange earnings, and jobs for Filipinos as immediate benefits.
