Kwangya Industries is considering utilizing another company for its training and development management. What is this process called?

The process of utilizing another company for training and development management is referred to as outsourcing. This involves delegating certain functions or processes to external organizations rather than handling them internally. In the context of training and development, outsourcing can provide several benefits, such as access to specialized expertise, cost savings, and allowing the company to focus on its core business functions. By leveraging external resources, Kwangya Industries can enhance its training initiatives without the financial and logistical burden of managing these operations in-house.

This approach is particularly beneficial for companies looking to innovate or improve their training programs without having to invest heavily in infrastructure or personnel that may not be required on a permanent basis. In contrast, consulting typically involves seeking expert advice or recommendations but does not necessarily entail the external management of ongoing training processes. Collaboration and partnership imply working jointly with another entity but do not capture the essence of transferring the responsibility of training management to a third party in the same way that outsourcing does.