{"id":1191,"date":"2023-05-26T21:08:26","date_gmt":"2023-05-26T21:08:26","guid":{"rendered":"https:\/\/www.confiebpo.com\/knowledge-center\/?p=1191"},"modified":"2023-05-26T21:33:06","modified_gmt":"2023-05-26T21:33:06","slug":"effective-outsourcing-strategies","status":"publish","type":"post","link":"https:\/\/www.confiebpo.com\/knowledge-center\/bpo-basics\/effective-outsourcing-strategies\/","title":{"rendered":"6 Effective Outsourcing Strategies for a Competitive Advantage"},"content":{"rendered":"\n

Outsourcing non-core activities frees up resources to focus on core competencies and helps differentiate your business from competitors.<\/p>\n\n\n\n

Creating an effective outsourcing strategy<\/a> requires your firm to determine its core competencies, build an analytical framework to identify which functions to outsource, and then iterate as needed to achieve success.<\/p>\n\n\n\n

Read on for the 6 key components that underpin successful outsourcing strategies.<\/p>\n\n\n\n

1. Identify Core Competencies<\/h2>\n\n\n\n

Start by identifying your company\u2019s core competencies, which are the unique strengths that set your business apart from competitors.<\/p>\n\n\n\n

To identify your firm\u2019s key capabilities, you can use the following tools:<\/p>\n\n\n\n