With industry being outsourced and knowledge being outsourced, the best investment is in yourself.
The article is based on field research and framed in the literature on international outsourcing, knowledge economy and technological learning.
This same lack-of-training argument has been given in the past as a way to lay off older workers who lack certain skills, and is now being used to outsource knowledge workers to India.
An opinion article last week about why you still need your brain and cannot outsource knowledge to the web inaccurately described where Jonathan Rochelle, a Google executive, made comments about the quadratic equation.
The company operates its business through four segments: Application Outsourcing, Knowledge Process Outsourcing, e-Business and TeamSourcing.
Most scientists interviewed did not seem to know what other research institutes were doing, nor were there institutional mechanisms to outsource their knowledge to the private sector players like venture capitalists.
Instead, they outsource the knowledge-gathering to Li & Fung, which has an army of 3,600 staff roaming 37 countries ("a machete in one hand, a laptop in the other," as Victor Fung likes to caricature them) for the purpose.In this sense, Li & Fung is itself a product of specialisation.
Bharat Desai is chairman and CEO of Syntel Inc., a U.S.-based provider of IT outsourcing and Knowledge Process Outsourcing solutions.
"People fail to realize how much of their knowledge they have outsourced to the Internet, making it harder for them to accurately assess their 'unplugged' knowledge," Fisher said.
"You can't outsource the Washington knowledge to external lobbyists or your in-house government relations people," says Bill Green, chairman and former chief executive of Accenture.
