Asked by Gracyn Gilleland on Sep 23, 2024
Verified
When Ford Motors stopped manufacturing its own steel and began contracting this work out to another company, it engaged in outsourcing.
Outsourcing
The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.
- Familiarize oneself with the types and instances of incremental and radical innovations within organizational frameworks.
Verified Answer
LM
Letitia Milliner2 days ago
Final Answer :
True
Explanation :
Outsourcing refers to a company contracting out a business process or function to another company. In this scenario, Ford Motors contracted the steel manufacturing work to another company, which falls under the definition of outsourcing.
Learning Objectives
- Familiarize oneself with the types and instances of incremental and radical innovations within organizational frameworks.
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