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Discussion weblog on business outsourcing. Discuss best practices, ideas, news, models, methods, theories, tools, questions and answers.
O. is 'in' and in the past few years, companies have started to slash costs by offshoring: moving jobs to lower-wage locations. But according to McKinsey Global Institute in (HBR Dec04) this practice is just the tip of the iceberg in terms of how globalization can transform industries.
Some best practices of McKinsey are to abandon incremental thinking, use global assets effectively and efficiently, tailor your best practices to local conditions and to aim for higher quality when moving your company through the five stages of global restructuring.