If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.

Meaning of the quote

If you don't use outsourcing but your competitors do, you'll end up going out of business. This is because your competitors will be able to produce their products or services more efficiently and cheaply, making it harder for you to compete. Outsourcing allows businesses to focus on their core strengths and reduce costs, which can be a key to success.

About Lee Kuan Yew

Lee Kuan Yew was the founding father of modern Singapore, transforming it into a highly developed country during his 31-year tenure as prime minister. He co-founded the People’s Action Party, led Singapore’s merger with Malaysia, and oversaw the country’s economic and social development through his authoritarian yet pragmatic style of governance.

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