Technology has allowed more businesses to farm out tasks to professionals anywhere in the world. When you add the global availability and accessibility of extremely talented individuals, it makes outsourcing a very real and viable option for nearly any organization. The questions most businesses grapple with is when to implement outsourcing into the organization, what tasks or roles to outsource, and where to outsource. Maybe we need to be asking a different set of questions to determine outsourcing needs.

When to outsource

This question will be different for every company because it is based on demand, cost, and long-term vision. For many companies, this is when your current workload surpasses the bandwidth of the current workforce. Larger companies will do a cost-benefit analysis to understand the feasibility of outsourced labor and its impacts both in the short-term and long-term. Small businesses that just need a little extra help to take make their workload more manageable my look at a staggered approach. Looking into outsourced tasks through Upwork or freelancer for one-off projects is a good way for small business owners to dip their toe into the large pool that is outsourcing. 

What to Outsource

You may already be outsourcing some business tasks, such as data entry, inventory management, payroll administration, or background checks. These are more in the realm of highly repetitive tasks. In our modern age, and with the rise in remote work during COVID-19, we’ve learned that almost any task can be outsourced. But as we learned from Jeff Goldblum’s character in Jurassic Park, just because you can do something, like outsourcing, doesn’t mean you should.

According to Gregg Landers, director of growth management at CBIZ MHM, the nation’s eighth-largest accounting and business services provider, outsourcing is categorized as follows The types of tasks that are best outsourced fall into three general categories, they include:

Highly skilled, or executive, expertise

“You may not need to pay a CFO’s salary, but you could have a CFO-level person to come in a few times each month to provide financial analysis and ensure that the bookkeeper is handling the books well,” Landers says.

Specialized knowledge

IT support for your network. “You may not be able to afford or need a full-time IT person, and it is easier to change to an outsourced provider with the right skill set as your IT needs change,” Landers says.

Highly repetitive tasks

Accounts payable, data entry, and shipping inventory could fall into this category.

In each of these areas, there may be room for outsourcing or freelance work based on tasks. But there may be something more to the idea that the thinking behind such tasks can have more impact on that decision-making.

Where to outsource

Now, this is a little different spin on the direction. When we talk about hemisphere’s in relation to outsourcing, we think globally, like where in terms of location. Where in the world will we send this job to be completed. What we should be asking is what section of the brain should we outsource? Which hemisphere of the brain is more advantageous to outsource? And which do we keep in-house?

Synthesis and analysis

Synthesis and analysis are the two fundamental ways of interpreting information. 

With analysis, you break down the whole into parts or components, looking at the pieces individually. Synthesis is the exact opposite; you combine the separate elements to form a coherent whole to see an overall pattern of how things come together.

The hemispheres

The human brain is made up of two distinct parts, the left brain, and the right brain. Each side has its functions and capabilities. Understanding the competencies and limitations of either side of the brain can help when making outsourcing decisions. 

Left brain. The left handles sequence, literalness, logic, and analysis. The left brain can grasp details, but only the right hemisphere can see the “big picture.” 

Right brain. The right hemisphere takes care of synthesis, emotional expression, context, and the big context thinking. The right brain is concentrated for synthesis. The right is also particularly good at putting isolated elements together to perceive things as a whole. 

Left brain thinking is linear, quantifiable, and thus more apt for outsourcing. The right brain thinking is non-linear, abstract, and harder to quantify. It incorporates things like story, design, symphony, and meaning. Sometimes outsourcing creativity and design work to a marketing and design agency is beneficial given the strengths and weaknesses of an organization. 

Symphony

Symphony is the ability to put together pieces, to see relationships between seemingly unrelated fields, to detect broad patterns, and invent something new by combining things nobody else thought to pair. It is mostly about relationships and empathy.

Michael Gerber, an author of the E-Myth series of business skills training books, did a study of executives at fifteen large companies, and just one cognitive ability distinguished star performers from average: pattern recognition. The “big picture thinking” allows leaders to pick out the meaningful trends from a jumble of unrelated information around them and to think strategically far into the future. 

These star performers relied less on deductive reasoning and more on the contextual, intuitive reasoning characteristic of the symphony. 

Weighing left and right

Left brain thinking deals with data analysis. But just having data isn’t sufficient. It’s what the data tells us. The ability to communicate the story that the data tells into a compelling narrative. Right brain.

Left hemisphere deals in logic. But logic on its own is meaningless. Unless it’s used in the context of a relationship. Logic with empathy is the ability to understand others and make emotional connections and forge relationships.

Google has democratized information and facts. It has lowered the value of those facts. There is nothing you cannot find an answer to when you “google it.” However, there is value in the ability to place these facts into proper context and to deliver them with emotional impact. Facts, left. Context, right.

When looking into your organization, do you outsource the tasks that require big-picture, abstract thinking, or the tasks that analyze thousands of data sets? Each organization will be different, but in the modern workforce, high value is placed on context, big picture thinking because of the mental processes to get there. Either way, you won’t have to go any further than the human brain to come up with the answer.

BMW will add another part to its SUV line-up one year from now with the appearance of the X8, a more style-driven partner to the full-size X7. Likewise with that model, it will challenge vehicles, for example, the Mercedes GLS, Audi Q8 and Range Rover.

BMW has possessed the X8 brand name for various years, and the vehicle’s dispatch will see the organization’s scope of X-badged SUVs grow to 10 models altogether.

Best SUVs to purchase 2020

Under the skin, the BMW X8 imparts its running stuff to the X7. In a similar manner as other even-numbered BMW SUVs, for example, the X4 and X6, the lead X8 will be a car motivated model, yet pointed essentially at business sectors, for example, China and the US.

As our government operative shots and select pictures uncover, it will be more daring than the X7, yet the X8 won’t go down the full roadster SUV course. It will hold an upstanding profile, yet there will be various plan changes in the surfacing of the bodywork. It will be comparative in idea to the Audi Q8, which utilizes a similar running stuff and nose as the Q7, however has its own plan from the A-columns back.

The X8’s upstanding front end will highlight the X7’s immense kidney grilles, however they will be flanked by split-level LED headlights – a plan topic that will be seen on other new and cutting edge range-beating BMWs, for example, the destined to-be-facelifted X7 and the new 7 Series limousine, due in 2022.

Somewhere else, the intense looking and forcing plan of the X7 will give path somewhat to sportier breadths and contacts. At the back there are unquestionably more articulated wheelarch lines, and a back guard that is home to two larger than average depletes.

We haven’t saw the X8’s inside, yet it’s probably going to be to a lesser extent a takeoff than the outside and utilize a similar progressed plan and innovation as the X7. Double 12.3-inch shows in advance will show up with BMW’s most recent iDrive infotainment framework. With BMW fighting the temptation to make the X8 a genuine car SUV, the more upstanding backside could at present be home to a third column of seats, making it a sportier, however marginally less roomy option in contrast to the X7.

The X8’s concentration as a sportier option in contrast to the X7 is indicated by additional brand name movement. Despite the fact that BMW’s M division hasn’t contacted the X7, a petitioning for a X8 M has been spotted among other BMW applications. A particularly model would without a doubt utilize the 4.4-liter twin-super V8 fitted in the BMW X5 M Competition. In that vehicle it creates 616bhp, which can drive the X5 M from 0-62mph in 3.8 seconds. Comparable force and execution would see the X8 M contend with models, for example, the Porsche Cayenne Coupe Turbo.

Module half breed power presently can’t seem to show up in the X7, yet our covert operative shots propose that the X8 could acquaint an electric powertrain with the top finish of BMW’s SUV line-up. Test donkeys have been spied wearing ‘mixture test vehicle’ stickers.

Almost certainly, the half breed X8 will likewise go to the X5 for its module innovation, this time from the xDrive45e. That model’s turbocharged 3.0-liter straight-six, electric engine and 24kWh lithium-particle battery are useful for 394bhp and a most extreme electric scope of 50 miles, despite the fact that the heavier X8 will probably offer more limited EV running.

Around 4,000 City firms are at an elevated danger of disappointment because of the Covid emergency, and almost 33% of those organizations might hurt shoppers in the event that they imploded, the monetary guard dog has cautioned.

A Financial Conduct Authority review intended to measure the monetary versatility of almost 23,000 directed firms demonstrated that the monetary anxieties brought about by the primary flood of the flare-up may cause “critical quantities of firms to fizzle throughout the following a year”, except if the UK economy begins to recuperate.

The controller said protection middle people and dealers, installments and electronic cash firms, and venture the executives organizations encountered the biggest drop in real money and resources, which can go about as a support during a decline.

Sheldon Mills, the FCA’s leader chief responsible for buyers and rivalry, said the circumstance was “exceptional – and quickly advancing”.

“A market decline driven by the pandemic dangers huge quantities of firms coming up short. Toward the finish of October we’ve distinguished there are 4,000 monetary administrations firms with low monetary strength and at uplifted danger of disappointment, however many will have the option to support their versatility as and when financial conditions improve,” Mills said.

“These are overwhelmingly little and medium-sized firms and roughly 30% can possibly cause hurt in disappointment,” he added.

Almost 60% of all organizations reviewed said they anticipated that the Covid emergency should hurt their pay, with almost 700 firms determining it would fall by more than 66% because of the pandemic.

The FCA clarified that muddled disappointments could hurt shoppers, for instance by diminishing rivalry, just as hurting “the viability of business sectors, and generally trust in the UK’s monetary framework”.

The study included protection specialists and agents, the venture the executives area, retail banks, crowdfunders, obligation gatherers and significant expense advance suppliers, just as discount monetary market players like intermediaries and trades.

The quantity of firms confronting disappointment are a lot higher than initially assessed. In September, Britain’s monetary guard dog cautioned that many little and medium-sized firms could implode because of the financial pressing factors started by the Covid pandemic.

In any case, the FCA advised that the overview results were gathered before the endorsement and rollout of Covid antibodies, the expansion of the public authority’s vacation plan to 30 April, or new lockdown measures.

The most recent review bars the UK’s 1,500 biggest monetary firms, which are observed by the Bank of England’s Prudential Regulation Authority. Yet, the FCA would in any case be feeling the squeeze to demonstrate it did its best ensure financial specialists influenced by any organization disappointments considering the searing reports into its treatment of London Capital and Finance in front of the company’s breakdown.

A month ago, an autonomous request found that the FCA neglected to appropriately regulate the little security supplier, which cleared out the investment funds of thousands of individuals after it went under in 2019.