Question: please write an answer no more than 600 - 700 words 3. 'Global sourcing of business and Information Technology (IT) services has become a major

please write an answer no more than 600 - 700 words

3. 'Global sourcing of business and Information Technology (IT) services has become a major international business practice, but needs very careful management." Discuss this statement, using illustrative examples, as follows: a) Define the terms outsourcing', 'offshoring', and 'make-or-buy' decision (4 marks) b) Explain why an international business would want to outsource its IT, including the reasons why offshore IT outsourcing may be attractive. (8 marks) c) Discuss the major risks and challenges an international business faces when undertaking offshore IT outsourcing. (8 marks) d) In recent years, a noticeable trend has been 'backsourcing', that is bringing offshored business and IT services back 'in-house', that is under internal management and control. What do you think explains this trend

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