lambo In reality out sourcing is the fruit of today's business environment - result of corporate raiders, politicians, wall street and lawyers. People who never produced anything or helped anyone unless it was to take from the effort of those who do work, rich or poor, these vultures don't discriminate.
Yes, and also a product of Global Economics !
Businesses are more competitive these days than a few decades ago. A business not only have to compete within State, Region ,now with someone from off shore, whom might have lower cost and government subsidized advantage.
The cushion, or the buffer zone to allow growth is gone. It's into the hot water immediately and try to stay in before gets scorched . Global economics made the world smaller producing a more direct impact from potential conflicts.
The current Hogan company could survive if, they could stay low on the overhead and sunk cost. If might be the fault that they came into the market wanting to cause a larger impact than being frugal and start in a smaller and more specialized segment of the biz. Another thing is, I wonder if they are also pay the members on the board way too much before the balance sheet showed a profit.