This goes to show that the BPO industry is indeed a leading industry in the country, as foreign companies make use of the low cost of living and the skilled Filipino talents. To get ahead of the competition, a business must be specific with which strategy they should use to leverage doing outsourced business in the Philippines.
One way to do operations in the Philippines is through outsourcing a function of their company. Outsourcing business process services make the launch as quickly as possible, having all resources in place to get things started the soonest.
On the other hand, incorporating contradicts to outsourcing, as establishing a solid governance takes time. For managed operations, preparations and development for the launch can be quick, considering low startup costs, which includes maintenance spend.
There are many factors to be considered in choosing the best business model for your business. Whether it be costing, client and employee resistance, operations or talent acquisition, choosing the one that addresses all these concerns is the definition of the perfect fit for your business. It all boils down to choosing the one that best defines and fulfills all your business needs.
While outsourcing and incorporation differ from one another, managed operations work as a flexible model that merges these two into one as a hybrid outsourcing solution. Find out more about managed operations with this infographic from MicroSourcing.