Originally Posted by
gettinbumped
From Wikipedia
Outsourcing or sub-servicing often refers to the process of contracting to a third-party.[1]
outsourcing is often viewed as involving the contracting out of a business function - commonly one previously performed in-house - to an external provider.[2]
I'm not sure what part of this you and Swellbar don't understand.
Let me spell it out for you with an example.
I used to fly MIA-IAD in a 767-300. My business (United) has contracted out this "business function" - "commonly one previously performed in-house (see above)" - to Republic, or Skywest, or GOJets etc. (I can't keep up with which of our 9-10 regionals is flying what). They would be what you call an "external provider".
It's really not that hard to figure out. If you need me to draw you a picture I'll try to figure out how to upload it.
Here's the ultimate definition from your favorite source, Wikipedia:
conflict of interest (
COI) occurs when an
individual or
organization is involved in multiple interests, one of which could
possibly corrupt the motivation for an act in the other.
PERFECTLY STATED.
JD