Innovations in Outsourcing: New Ways, New Things, New Trends
A The Random House Dictionary defines the word innovation as the introduction of new things or methods.
When applied to the world of outsourcing in 2004, that translates to the development of innovative processes that save time and deal with money in new ways, while adding service and support. Plus it means creating new businesses that can more freely operate in the outsourcing arena.
For example, General Electric Co.’s early November announcement that it will sell a majority stake in its global outsourcing business to two U.S.-based private equity firms indicates one major innovative trend – to spin off an internal operation into a larger outsourcing entity.
