one form or another for as
long as anyone can remember, the term was given new momentum in the late
1980s when it started to be recognised as a business strategy and given
further impetus in the early 1990s as
companies were encouraged to focus on core competences. In more recent times, for many companies “outsourcing”
gradually became “off-shoring”.
It is difficult to imagine anyone in business who has not come across the term “outsourcing”.
it has been part of the business world in
Faster, Higher, Stronger
As I wiled away a few idle moments on a train journey
last week, I was reading about the preparations for the London Olympic
Games and I started to think about similarities between business and
athletics. I started to think which event best epitomises the
essential attribute needed to succeed in business but quickly realised
that successful businesses require more than one ingredient so I started
to compile the events that
I would include in a Business Pentathlon. We don’t have space in this short article to go through all the deliberations but here are the events that made the final five.
With the Olympics approaching quickly, it gets you thinking about similarities between top sport
and business. In our second article we indulge in looking forward to this event and comparing what we do with athletics.
But before that we'd like to take you back on a history tour. Who doesn't remember the wave of outsourcing and "off-shoring" that started about 30 years ago. As so often in the development of business strategies you see the waves moving back and forth. But that movement does not necessary mean going back to the old days as the first article on "re-shoring" shows us. Enjoy your read!