Famous quote by Lee Kuan Yew

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If you deprive yourself of outsourcing and your competitors do not, youre putting yourself out of business
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"If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business"

- Lee Kuan Yew

About this Quote

In this quote, Lee Kuan Yew is emphasizing the importance of outsourcing in business. He suggests that if a business chooses not to contract out and their competitors do, they are basically putting themselves at a drawback and running the risk of going out of business. Outsourcing refers to the practice of employing external business or individuals to handle specific tasks or operations, instead of keeping them internal. By not making use of outsourcing, a company may struggle to stay up to date with the efficiency and cost-effectiveness of their rivals. Yew's message is clear: in order to stay competitive and successful in the business world, business must be open to outsourcing.

About the Author

Lee Kuan Yew This quote is written / told by Lee Kuan Yew between September 16, 1923 and March 23, 2015. He was a famous Statesman from Singapore. The author also have 5 other quotes.

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