Business services and outsourcing are key strategies that enable companies to effectively manage their operations and improve their performance. Business services include a wide range of professional services such as accounting, marketing, human resources, IT support and many others that help companies address specific needs and challenges in their operations. Outsourcing is a strategy whereby a company transfers certain parts of its business or processes to external service providers to achieve cost savings, improve quality and gain access to expertise. This combination of business services and outsourcing allows companies to focus on their core competencies and better compete in the marketplace, while external specialists take care of support activities.