Externalization (noun)

  1. The act of making something external, or bringing it outside of a system or organization.
  2. The process of making something visible, tangible or explicit.
  3. The transfer or outsourcing of internal processes or functions to external entities.

Origin:

Derived from the latin word 'externus' meaning outside or external and the suffix '-ization' meaning the act or process of making something.

Examples:

  1. The externalization of the company's IT infrastructure allowed for more efficient management and reduced costs.
  2. The externalization of mental health struggles can help individuals find support and understanding.
  3. The externalization of supply chain management allowed the company to focus on its core competencies.
  4. The externalization of manufacturing operations allowed the company to tap into global resources and expertise.
  5. The externalization of environmental impact and sustainability considerations was critical for responsible corporate decision-making.
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