6 Examples of Outsourcing Failure

This story was originally published on HackerNoon at: https://hackernoon.com/6-examples-of-outsourcing-failure-yv223y4u. Outsourcing is the practice of handing off a certain aspect of your business operations and/or individual tasks to a company or professional that operates outside of the organization on an independent basis. It's essentially the delegation of a task to someone else for an agreed-upon price.  Check more stories related to management at: https://hackernoon.com/c/management. You can also check exclusive content about #outsourcing, #app-development-company, #web-development, #coding, #it-outsourcing, #software-outsourcing, #recruiting, #good-company, and more. This story was written by: @natenead. Learn more about this writer by checking @natenead's about page, and for more stories, please visit hackernoon.com. 6 examples of outsourcing failures and how businesses can avoid similar fates. IBM-Queensland disaster cost 16,000 percent more than originally projected. J.P. Morgan fired IBM in the middle of a seven-year, $5 billion IT contract and chose to bring IT efforts in house. Virgin Airlines and Navitaire provided Virgin Airlines with outsourced internet booking, check-in, and boarding software. Both times, it took them nearly 24 hours to get back up and running.