Outsourcing began in the 1950s; however, it was not until the 1980s that outsourcing grew a smart business strategy. The development of outsourcing in the 1980s was largely driven by the idea of a business concentrating on its core capability, a strategy that was initiated in the 1970s. Today, outsourcing is a common staffing solution amongst businesses both large and small. We have assembled the most inclusive list of outsourcing quotes from well-known people and businesses. But before we ponder these quotes, we need to look briefly into what outsourcing really is.
What is outsourcing?
The descriptor ‘outsourcing’ is believed to have been suggested by economist Ronald Coase. This referred to farming out the basic and repetitive positions of blue-collar workers and more specialised white-collar workers to third parties, such as outsourcing service companies. Outsourcing can therefore be seen as a staffing solution for businesses who can hire people from the outsourcing company. As such, services rendered or goods dispatched would be the responsibility of outside workers − traditionally, such would have been conducted in-house. Services can easily be outsourced to virtual or remote assistants working remotely from their own home office. This concept has been a game-changer for businesses wanting to have work done, however, requiring cost-effectiveness.
Let us check out some of the finest outsourcing quotes
Warren Buffet Quote
“…It’s in society’s best interests to have the most output produced with the least inputs.” – Warren Buffet
Arthur Laffer Quote
“And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That’s accounting.”- Arthur Laffer
Jagdish Dalal Quote
“Companies are past the basics of talking about outsourcing and offshoring. Executives understand outsourcing now and want to know how to effectively use it in their organizations.” – Jagdish Dalal
Larry Elder
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“Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower-cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.” – Larry Elder
Stephen Covey
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“Outsourcing is inevitable, and I don’t think it’s necessarily treating people like things.” Stephen Covey
Janet Yellen
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“In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.” – Janet Yellen
Ryan Khan Quote
“Master your strengths, outsource your weaknesses.” – Ryan Khan
Lee Kuan Yew
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“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” – Lee Kuan Yew
Azim Premji Quote
“The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles.” – Azim Premji
Stuart Wood Quote
“The MicroSourcing model is now a critical part of our business; the flexibility in terms of working hours, opportunity to scale as new business comes in the door, and ease of communicating with [the] staff is essential for our business growth.” – Stuart Wood
Michael Corbett Quote
“The real power of outsourcing going forward is going to be that it increases an organization’s core capacity for change and growth. The business challenges over the next decade are going to be very different than anything we’ve seen so far and the companies that weave a powerful network of global partners through outsourcing will be the winners.” – Michael Corbett
“Challenges create opportunities. Outsourcing service providers are very aggressively examining their products and services to create greater value and increase market share in these times. Companies are recognizing they need to use this as an opportunity to strengthen relationships with their partners because each one of those partners will make them a better company.” – Michael Corbett
Lise Cartwright
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“Do what you love” – Lise Cartwright
Kevin E. Kruse
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“You need to start paying other people to do stuff for you even before you feel you are ready.” – Kevin E. Kruse
Josh Steimle Quote
“If: You are 100x better at marketing than accounting… Then: Focus on marketing, and hire someone else to do your accounting. What do you need to stop doing yourself, and outsource to someone else?” – Josh Steimle
Gyan Nagpal Quote
“We are entering a world, where the only legitimate borders for work are skill boundaries” – Gyan Nagpal
Dmitry Dyatlov Quote
“It’s hard to get shit done when there’s no one to do it for you” – Dmitry Dyatlov
Gita Gopinath Quote
One of the strengths of the U.S. economy is its ability to most efficiently employ resources both domestically and from around the world and outsourcing is one such example of this.” – Gita Gopinath
Naval Ravikant Quote
“If you want to be wealthy, spend your time relaxing, or earning. Outsource or ignore everything else.” – Naval Ravikant
Henry Ford Quote
“If there is a thing that we cannot do more efficiently, cheaper or better than a competition, there is no point in doing it further – we should hire the one who does it better than we do” – Henry Ford
Keven Kruse Quote
“You need to start paying other people to do stuff for you even before you feel you are ready.” Keven Kruse
Peter Thiel Quote
“Recruiting is a core competency for any company. It should never be outsourced.” — Peter Thiel
What outsourcing really means
The two main benefits of outsourcing are cost saving and time saving. Our company, Aristo Sourcing, is a leader in the BPO industry. We have assisted many and varied companies of divers size to scale up and grow their businesses. This is through sourcing great people to foster the success of such companies. If you are unsure whether outsourcing can help you; or if you need advice on the most suitable virtual assistant for you, do make use of our complimentary discovery call. You can speak to our outsourcing expert immediately. Reach out today – we are here to assist you and your business.