Outsourcing business in the Banking Industry

As business environments randomly change because technological, legal, economical, environmental, social, and political factors, profit and nonprofit making organizations are outsourcing business to survive hard financial, economic, and uncertain times in the modern world. Outsourcing entails an organization signing a contract with a third party to supply business functions (Duening, 2005). Business functions outsourced are finance, human resources, communication and customer care service, legal functions, accounting and….

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