View Single Post
Old 12-03-2010 | 10:10 AM
  #23  
JetDaily
Gets Weekends Off
 
Joined: Apr 2009
Posts: 136
Likes: 0
From: Sitting down and facing front in a plane
Default

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
Reply