On the other hand off shoring is the shift of an organizational function to another country, either or not the work is outsourced or stays inside the same corporation. It also refers to business processes that are relocated to a lower-cost location, usually in a foreign country. Outsourcing and off shoring began in the 1960s and 70s by transferring physical manufacturing processes to lower-cost areas. For example, some U.S. companies shifted production to factories in Mexico. Off shoring of physical products then moved to other low-cost locations such as China, India, the Philippines, and Eastern Europe.
In addition offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country except the one where the products or services are actually developed or manufactured. There are four basic types of offshore outsourcing, which include ITO, BPO, Software R&D and KPO. ITO has to do with information technology outsourcing, BPO means business process outsourcing and Software R&D has to do with software research... [continues]
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