Transfer risk by outsourcing internal operations to highly qualified and specialized third parties with a vested and monetary interest in getting it right the first time.

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Outsourcing providers will need to manage these risk concerns to secure long-term client relationships.

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Mewbourne calls this "outsourcing your monetary policy, " and it does involve some risk.

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Take note if you are the CEO of a company (especially in a high-risk high tech industry) that has implemented a significant outsourcing strategy or has considered doing so.

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He is keen to push ahead with even more esoteric products such as risk management and back-up financing, he says, and wants to expand into outsourcing.

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Customers such as California's public university system and the San Francisco Giants baseball team have signed long-term outsourcing contracts with the firm to take care of their energy needs, from power and air conditioning to risk management.

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