This can be you! Get inspired by these incredible stories of success with the help of outsourcing:
One example of a successful outsourcing story is that of Skype, the telecommunications company that was acquired by Microsoft in 2011. Skype relied heavily on outsourcing to build its business and maintain its competitive edge in the crowded telecommunications market.
Skype outsourced its development work to a team of engineers in Estonia, where the company was founded. The Estonian team was able to build high-quality software at a lower cost than if Skype had developed the software in-house. This allowed Skype to offer its product at a lower price point than its competitors, which helped the company gain a significant market share.
Another example of outsourcing success is the story of GE’s outsourcing strategy. GE has been outsourcing for more than two decades, and the company’s approach has evolved over time to focus on strategic partnerships and building long-term relationships with its outsourcing partners.
GE has outsourced a variety of functions, including IT, finance, and manufacturing, and the company has been able to reduce costs and improve efficiency in these areas. In addition, GE has been able to tap into the expertise of its outsourcing partners to drive innovation and improve the quality of its products and services.
A third example of outsourcing success is the story of IBM’s outsourcing strategy. IBM has been outsourcing for more than 30 years, and the company has built a global network of outsourcing partners that it relies on to support its business.
IBM has outsourced a variety of functions, including IT, customer service, and manufacturing, and the company has been able to reduce costs and improve efficiency in these areas. In addition, IBM has been able to leverage the expertise of its outsourcing partners to drive innovation and stay ahead of the competition.
We often hear people say that we would not know the outcome unless we try doing it first. This principle is applicable to various aspects of our lives, including our business ventures. As for many things in life, there are advantages and disadvantages in the things that we do and outsourcing is no exception. Let us remember that when entering into a business relationship, we take back what we put in and so we need to play our part if we want to have the positive outcome that we are aiming for.
These are just some of the notable outsourcing success stories that demonstrate the value of outsourcing as a strategic business tool that can help companies reduce costs, improve efficiency, and drive innovation. By partnering with the right outsourcing providers and building strong relationships with them, companies can achieve long-term success and gain a competitive edge in their industries.