U can choose a topic by urself Essay Example | Topics and Well Written Essays - 1500 words - 1

U can choose a topic by urself - Essay Example In such cases, SMEs will always find it more affordable to let such processes be handled externally instead of them being handled within the business organisation at a higher cost. This paper aims at discussing the extent to which outsourcing enables entrepreneurs to be flexible. Outsourcing can be used by entrepreneurs in successfully handling various projects. In business management different projects usually require different resources. In any case a business organisation will decide to fully invest in a project independently, they will have to invest in all the resources that are needed for the project to be successful. However, things are different when a business organisation decides to use outsourcing. With outsourcing, they would not have to invest in all the processes that are involved in the project. They can find a third party to carry out some of the process that seems to be so costly that they can be able to reduce the general cost of the project. Therefore, it can be concluded that through outsourcing entrepreneurs can be able to undertake different types of project without having fears of whether or not they have the full capability of handling the project. If they choose to ignore outsourcing then they will have to stick to the projects that they are able to undertake independently. Outsourcing can also enable entrepreneurs to be flexible by reducing the risks involved in their undertaking. In business management the risks that require management include market, technologies, financial conditions, competition, government regulation, and many others. Through outsourcing business organisations are always able to relegate some of their functions to other business organisations with speciality is such areas (Corbett 101). When a business organisation delegates a certain function of their activities to another organisation, they also delegate the risks that are