Outsourcing is an alternative analysts need to be aware of.

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Outsourcing is a legitimate alternative that analysts need to consider. It involves contracting tasks or operations to an external entity to execute, rather than keeping the work in-house. It could potentially save a company money, improve productivity, and allow the business to focus on its core competencies, but it also comes with potential risks and disadvantages like loss of control over quality and intellectual property, communication issues, and cultural clashes, which is why analysts need to evaluate the pros and cons before recommending outsourcing as a strategic option.

Outsourcing Is an Alternative Analysts Need to Be Aware Of