Top outsourcing quotes from business leaders
Outsourcing is a hot topic in business and politics across the globe. We have compiled the most comprehensive list of outsourcing business quotes. Some of the most famous names in businesses are included here: Stephen Covey, Peter Drucker, Steve Jobs, Barak Obama and more.
Warren Buffet – outsourcing quote
“…It’s in society’s best interests to have the most output produced with the least inputs.”
Warren Buffet – Investor and world’s wealthiest man
Apple and Steve Jobs – opinion of outsourcing
Former Apple CEO Steve Jobs outsourced iPhone production to Chinese factories to benefit from the country’s remarkably fast and flexible supply chain. He believed that America was too strong to lose jobs as a result of outsourcing to cost-effective locations.
Steve Jobs – Founder and CEO of Apple
See our full article on Steve Jobs’ opinion on outsourcing Apple’s manufacturing.
Elon Musk – opinion of outsourcing
He feels that China is an excellent manufacturing destination for his company’s electric cars, and has said that inevitably his manufacturing will be done there.
Elon Musk – Billionaire entrepreneur
Check out this article on Elon’s opinion on outsourcing his Tesla and battery production.
Barak Obama – opinion of outsourcing
Former President of the United States Barack Obama believes that the jobs that have already been outsourced cannot be brought back. Describing them as ‘jobs of the past’, Obama advises that Americans need to retrain for the ‘jobs of the future’ in order to combat U.S. unemployment.
Barak Obama – Former US President
Read the full article on Barak Obama’s opinion on outsourcing of US jobs.
Tim Ferriss – outsourcing quote
“There are people I have outsourced to in India who now outsource portions of their work to the Philippines. It’s the efficient use of capital, and if you want the rewards of a free market, if you want to enjoy the rewards of the capitalist system, these are the rules by which you play.”
Tim Ferris – American investor, author, and podcaster
Arthur Laffer – outsourcing quote
“And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That’s accounting.”
Arthur Laffer – American economist
Alphonso Jackson – outsourcing quote
“The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it.”
Alphonso Jackson – Former United States Secretary of Housing and Urban Development
Larry Elder – outsourcing quote
“Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower-cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.”
Larry Elder – American radio commentator
Stephen Covey – outsourcing quote
“Outsourcing is inevitable, and I don’t think it’s necessarily treating people like things.”
Stephen Covey – Author
Janet Yellen – outsourcing quote
“In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.”
Janet Yellen – American economist
Lee Kuan Yew – outsourcing quote
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.”
Lee Kuan Yew – Former Prime Minister of Singapore
Azim Premji – outsourcing quote
“The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles.”
Azim Premji – Indian Businessman
Ryan Khan – outsourcing quote
“Master your strengths, outsource your weaknesses.”
Ryan Khan – Founder of The Hired Group
Peter Drucker – outsourcing quote
“Do what you do best, and outsource the rest.”
Peter Drucker – Management consultant, educator, and author
Manmohan Singh – outsourcing quote
“Outsourcing, information technology revolution, the access to India’s human resources, India’s pool of scientists. It will help American companies to become leaner, meaner, more efficient, and they become more competitive, both in the United States and in dealing with the rest of the world.”
Manmohan Singh – Indian economist and politician
Tom Robbins – outsourcing quote
“I’ve decided to take advantage of outsourcing. My next novel will be written by a couple of guys in Bangalore, India.”
Tom Robbins – Author
Aravind Adiga – outsourcing quote
“India’s great economic boom, the arrival of the Internet and outsourcing, have broken the wall between provincial India and the world.”
Aravind Adiga – Writer and journalist
Azim Premji – outsourcing quote
“Being in the consumer business helps us groom talent in areas like marketing, finance and logistics. We can benchmark our outsourcing business to our consumer business and its best practices.”
Azim Premji – Indian business tycoon
Vivek Wadhwa – outsourcing quote
“Outsourcing was the bogeyman of the ’90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.”
Vivek Wadhwa – American entrepreneur
Greg Mankiw – outsourcing quote
“Outsourcing American jobs will prove to be a plus for the economy in the long run. It’s simply a new way of doing international trade.”
Greg Mankiw – American macroeconomist professor
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Major businesses talking about outsourcing
Nike – on outsourcing
Nike is the undisputed world leader in the footwear market, three times as big as its nearest competitor. It has achieved its top spot by pursuing a 100% outsourcing model in manufacturing – Nike has no plants of its own. Others have now adopted this model and are fast catching up. See the full article about Nike’s approach to outsourcing.
Goldman Sachs – on outsourcing
Goldman Sachs has stepped up hiring at its offshore location in India, where mostly tech-related work is performed by over 5,000 professionals. Other banks and financial institutions have also followed suit to cut costs and benefit from skilled labor. Read the full article about Goldman Sach’s approach to outsourcing.
Business leaders are leading the way with outsourcing
The big businesses of the world have been outsourcing now for many decades already. What can we learn from the leaders of business and apply to our own? Check out this article about some of the world’s most prominent people, and businesses, and their positions on outsourcing.