How Do You Spell EXTERNALISATION?

1. Externalisation refers to the process of transferring or outsourcing certain functions, services, or activities of an organization to an external party or entity. It involves the delegation of tasks or responsibilities to external entities, typically through contractual agreements, where the external party assumes the responsibility of performing those tasks on behalf of the organization.

   In business, externalisation is commonly utilized as a strategic approach to enhance efficiency, reduce costs, and improve focus on core competencies. Companies may opt to externalize various activities such as customer support, manufacturing, IT services, or even entire business processes. This shift allows the organization to concentrate on its core operations while entrusting non-core responsibilities to external specialists or service providers who can leverage their expertise, infrastructure, and economies of scale.

   Externalisation can take the form of offshoring, where an organization transfers tasks to an external party located in a different country, or it can involve onshoring, where the tasks are shifted to an external party within the same country. It is important to note that while externalisation often leads to cost savings and specialized expertise, it also involves risks such as potential loss of control, reduced quality control, and dependency on external entities.

   Overall, externalisation is a strategic decision made by organizations seeking to optimize their operations by leveraging external resources, expertise, or cost advantages, ultimately leading to enhanced competitiveness and performance.

Common Misspellings for EXTERNALISATION

The word "externalisation" is derived from the root word "externalize", which in turn is derived from the combination of "external" + "-ize" suffix.

- "External" is derived from the Latin word "externus", meaning "outward" or "pertaining to the outside". It entered English through Old French and Middle English between the 15th and 16th centuries.

- The suffix "-ize" comes from the Greek suffix "-izein", which means "to make" or "to cause". It is commonly used in English to form verbs from nouns or adjectives.

Thus, "externalize" is formed by combining "external" with the "-ize" suffix to create a verb that means "to make external" or "to express or embody something or someone externally".

The noun form "externalisation" is derived by adding the suffix "-ation" to the verb form, turning it into a noun.

Similar spelling words for EXTERNALISATION

Plural form of EXTERNALISATION is EXTERNALISATIONS