Investments
4 Tips to remember when Outsourcing to China and beyond
I have spoken and written about outsourcing to China for a couple of years now. Although China does require special handling, many of the high level recommendations are the same as regardless of where you decide to outsource. So here is a summary style high level overview of some of the important considerations: Ask Why: Ask yourself exactly why you are outsourcing. It is because you want to reduce your costs, access specialized skills or as a risk management exercise? Understanding exactly why you want to outsource should be your first question.
Humans are very opinionated. We have opinions about politics, economics, sports and everything in between. Enter the wacky world of prediction markets. These are speculative markets where market participants bet on future uncertain events. Just like the stock market, you make money by buying low and selling high. The most popular of these markets isInTrade. "Intrade isn't just an entertaining website. It is the latest iteration of one of the most important economic developments of modern times." David Leonhardt, Economics Reporter, The New York Times