Chapter 1 Outsourcing Rudiments

Old ways give way to the new.

Brief Background

As barriers crumbled in the passage of time.

Contracting is one of the oldest and most common practices of work. Even in ancient times, trade existed between countries, providing access to goods and services not available in the home countries. In the early years, when the word outsourcing actually came about, people would vend things to a third party. This is contracting in its basic form. Thus there would be value addition, with the consumers getting products and services they needed, and the suppliers getting money or some acceptable mode of exchange in return.

As a concept it is prevalent in all aspects of our lives—domestic and professional. Some visible ...

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