InSourcing vs Outsourcing

The video discusses the assignment of tasks within a business, focusing on the differences between insourcing and outsourcing. It highlights the level of control, specialization, and cost as primary factors in deciding whether to insource or outsource tasks. The video also explores the cost implications of domestic versus foreign outsourcing, noting that foreign outsourcing can be cheaper due to lower costs in foreign jurisdictions. The key considerations for insourcing versus outsourcing are control, skill, and cost.

How does the cost of outsourcing compare to insourcing in a domestic context?

In what scenarios might it be beneficial to outsource to foreign locations?