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Managing an Outsourcing Initiative-1

Originally published: December 2010

Phase 1 – Planning

Brief History of Outsourcing

For most of the 20th century, a successful firm was defined by its ability to own, manage and directly control all of its assets and processes. In the 1950s and 1960s, in order to protect profits, companies began to look for ways to broaden their base and take advantage of economies of scale. This resulted in the emergence of diversification as a popular strategy.