Whois & Analysis for infognana.com

In business, outsourcing is "an agreement in which one company contracts-out a part of existing internal activity to another company".

It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing).

The concept "outsourcing" came from the American Glossary 'outside resourcing' and it dates back to at least 1981.

Outsourcing sometimes, though not always, involves transferring employees and assets from one firm to another.

Outsourcing is also the practice of handing over control of public services to private enterprise.

A multinational corporation (MNC) or worldwide enterprise is a corporate organization that owns or controls production of goods or services in at least one country other than its home country.

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature).

Most jurisdictions now allow the creation of new corporations through registration.

Corporations enjoy limited liability for their investors, which can lead to losses being externalized from investors to the government or general public.

A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.

The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.

Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach.

A partnership may result in issuing and holding equity or may be only governed by a contract.

IT service management (ITSM) refers to the entirety of activities – directed by policies, organized and structured in processes and supporting procedures – that are performed by an organization to design, plan, deliver, operate and control information technology (IT) services offered to customers.