Ways to Cut Costs within a Business Questions

InstructionsAs a manager for the public outreach department, you realize that the current   system for managing outreach issues is outdated. You would like to have a new   outreach system developed using the Cloudera platform to help manage big data.   However, no one in the organization has the expertise. You will have to   outsource the project to save on costs and avoid management problems. Two   companies have sent in a bid—one from Vancouver, Canada, and one from Mumbai,   India. The bid from India was slightly lower than the bid from Canada. Compose   a  response that includes the elements listed below.Define what is meant by outsourcing.Explain how Peter Drucker’s statement (covered in the textbook in        uCertify) about how one company’s back room is another company’s front room        pertains to outsourcing. Use an example.Summarize the management advantages, cost reduction, and risk reduction of        outsourcing.Discuss which company you would outsource to and why. Does distance        matter?