Resourcefulness is an asset. You have to be good at finding ways of doing things, solving problems or finding the relevant information. Resources are essential. They can be natural, financial or human. Whatever their source, you need to pool them and find their right location.
Outsourcing (2) consists in contracting out a business function – commonly one previously performed in-house – to an external provider.
Insourcing (3), on the contrary, is the fact of obtaining goods or services using in-house resources instead of contracting them out.
Technology made other types of outsourcing possible. One of them is called crowdsourcing (4) and can be defined as the act of outsourcing tasks, traditionally performed by an employee or contractor, to an undefined, large group of people, some community or « crowd ».
Another is homesourcing (5), also named homeshoring (6) (7) or teleworking. It is the practice of paying employees to work at home rather than in a company’s office or factory.
One final example is open sourcing (8). Some equate it to crowdsourcing since it uses collaboration and information sharing (9) in order to develop products or services. Even if open-source is used to describe software for which the original source code is made available to anyone (10), open sourcing (11) is not limited to the IT sector, examples of legal open-sourcing are recorded as well (12).
(1) Unless otherwise stated, definitions used throughout this article come from The Oxford Advanced Learner’s Dictionary.
(2) = externalisation
(3) = internalisation
(4) = externalisation ouverte
(5) = télétravail
(8) = approvisionnement libre
(11) Very often newly coined terms can be written as 2 words, hyphenated or not.
(12) More examples of sourcing compounds can be found in OneLook Reverse Dictionary.