Outsourcing, offshoring, offshore outsourcing, out-tasking.
If you haven't been paying attention for the last 10 years, the hottest trend in US business has been to relocate work to countries like the Philippines, India, and China. Outsourcing allows companies to focus on their core operations, while delegating all non-core business functions such as product design, software engineering, research, and decent customer service to cheaper labor markets. The business benefit to outsourcing is further compounded by the fact that highly educated foreign workers are eager and willing to work these low wage jobs so that they can lead their emerging third world economy into a bright new future which promises an increased capacity to purchase American products.
The common term for this fantastic business phenomenon may be outsourcing, but let's just call it what it is:
Outstanding!
Here we are now. We've been at this outsourcing thing for what seems like ages. Our best corporations have been very busy for the past decade whittling down domestic-based services and products to that which is most essential and core to a particular business, or what I like to call the 3 Ms: Management, Marketing, and Money. Corporations which chose to take the outsourcing path are left with a highly tuned race-car of a business, better adapted to an ever-changing marketplace where a commodity workforce can be quickly ramped up, down, or sideways to produce record breaking profits for corporate executives.
But is outsourcing enough? Isn't there more that can be done?