Sustainable livelihoods – in the context of Impact Sourcing Employees in India
Academic Leadership - Online Journal,
Vol. 21 No. 5 (2020): Vol-21-Issue-5-May-2020
Legendary management Guru, Peter Drucker advocated - "Do what you do best and Outsource the rest". In perfect congruence with this, Outsourcing can be construed as a business practice in which a company employs an external organization to do some of its non-core work, rather than doing it inhouse. Everest group (2012) defines Impact sourcing as “socially responsible business process outsourcing that enables global enterprises to improve business outcomes by hiring and providing career development opportunities to people who generally have limited employment prospects”. When Impact Sourcing leads to Sustainable livelihoods for its employees it is expected that community around also gets benefitted. A livelihood is a means of making a living. It includes people's capabilities, assets, income, and activities required to secure the necessities of life. Sustainable livelihood addresses livelihoods in the context of it being sustainable in the long run as well as from a natural resource perspective. The paper examines and concludes that the basic premise of Impact Sourcing being able to provide sustainable livelihoods to Employees is realised based on a study of Impact Sourcing Employees in India.