globalisation in india

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Miscellaneous

 

Written by:

Michael R

 

Date added:

March 13, 2015

 

Level:

University

 

Grade:

A

 

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2 / 469

 

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6740 times

 

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In a World where IT has become the backbone of businesses worldwide,outsorcing is the process through which one company hands over part of its work to another company, making it responsible for the design and implementation of the business process under strict guidelines regarding requirements and specifications from the outsourcing company...
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For instance, an insurance company might outsource their claims processing system or a bank might outsource their loan processing system. Other common examples of BPO are call center's and payroll outsourcing. Business Process Outsourcing-Concepts Outsourcing:- It is often defined as the delegation of non-core operations or jobs from internal production to an external entity (such as a subcontractor) that specializes in that operation...
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