| Why
Outsourcing?
The use of knowledge in the overall business strategy
of an enterprise could significantly improve the competitive
position of an enterprise be it high-tech industry or a more
traditional industry. Competitiveness of an organisation is
sustained by moving towards knowledge-based factors of a transaction
which support innovation and using best practices in transaction
handling, business negotiation and deal closing.
With globalization we are witnessing a relentless
increase in the intensity of international competition. Internet
technologies and the knowledge economy have contributed to
globalisation. As economies of the world are increasingly
becoming inter-linked and interdependent for further growth,
the markets too are becoming interdependent. Thus, organisations
which operate in more than one market, country or jurisdiction
can no longer focus only on the domestic law of the jurisdiction
where their headquarters are based. This becomes all the more
evident in new high-tech industries and telecom companies,
both of which very early begin to operate in the international
market. For these organisations knowledge and compliance of
international legal and regulatory requirements is imperative.
In this context, the importance of legal
outsourcing and process documentation from a single knowledge
centre becomes critical.
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