For those starting their entrepreneurship journey, getting to know
some of the business jargon is vital to understanding this new world,
and what others are talking about. It will also help you express yourself
in a way that is familiar to potential partners, investors, and more.
The evolution of customer behavior, technological revolution and the rise
of aggressive competition drives companies to be more efficient and to
redefine customer journeys and business models. Delivering an omnichannel communication experience was ranked as the second biggest
challenge businesses face.
Outsourcing refers to the practice of sending certain tasks or activities that are traditionally performed by an in-house workforce to other companies for completion instead. This can be done with both full-time employees and contractors who work on a part-time basis depending on how much time is needed from them by the company.