explain the following term/concepts(2) Planning (3) Outsourcing​

Answers 2

Answer:

Planning

may be defined as deciding in advance what to be done in future. It is the process of thinking before doing. It involves determination of goals as well as the activities required to be undertaken to achieve the goals. ... Planning deciding in advance – What to do, How to do, When and by whom.

outsourcing

Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

Planning is a mental exercise while outsourcing is a physical exercise.

Explanation:

Planning and outsourcing are important activities done in any business organization.

  1. Planning can be defined as the process of consciously deciding the activities to be undertaken for achieving the objectives of the activities. Moreover, planning is a job which is done by skillful managers.
  2. Outsourcing refers to the process of giving the work to outside sources. Outsourcing is required in tasks which are technical in nature and require specialisation of people who are professionals.

If you know the answer add it here!

Can't find the answer?

Log in with Google

or

Forgot your password?

I don't have an account, and I want to Register

Choose a language and a region
How much to ban the user?
1 hour 1 day 100 years