Daily Archives: September 23, 2011
Outsourcing was once seen as a strategic tool to gain a competitive advantage over your competitors. It is now being used as a way of increasing a business’ survival during what is now seen as one of the worst period of our economic history.
Outsourcing is defined as any task, operation, job or process that could be performed by employees within your company, but contracted to an external third party.
The continuing downturn in the economy has seen the number of customers looking for goods and services dwindle, thus creating an ever increasing competitiveness amongst businesses.
As business conditions decline the same numbers of employees are no longer required, and business owners are faced with the situation that they now need to cut costs and cannot afford to keep the same staffing levels, however, there are still responsibilities that need to be carried out to keep the business moving forward.
In the above situation there is only one conclusion and that is to take the hard decision, and reduce staffing levels to ensure the business survival through this downturn but in doing so it ensures the ongoing business is now in a much better situation for when the economy turns around, and staffing levels can return to normal.
For your outsourcing requirements to ensure your business survival through this difficult time why not contact The Virtual Office, to see how we can help you to cut costs.
Next week we will be looking at outsourcing for growth.