👉 To transfer the management and/or day-to-day execution of a business function to a third-party service provider.
Alright class, settle down now, let’s talk today, About a word that’s popping up in quite a way! We've got "outsourcing," it’s a term you should know, Let’s break it down nice and slow. The dictionary says, with a helpful decree, "To transfer the management and/or day-to-day execution of a business function to a third-party service provider.” Now, let's put that in simpler terms, you see, It’s like this: Imagine you need a tree! You could plant it yourself, with effort and with care, But maybe hiring a gardener is easier, I declare! That gardener – that’s the third-party provider, true, Taking on the work, for me and for you. So outsourcing means delegating , don't you see? Tasks and duties to someone else, happily! It could be customer service, or maybe design, A whole department, a truly grand shine! Companies do it to save money and time, Focusing on what they do best, in their prime. Does that make sense? Any questions you’d like to share? Don't hesitate, let's go there!