Is conventional wisdom the best wisdom?

Neal Aronson, founder of Roark Capital, was recently quoted by Forbes as saying “Always do what’s right and long-term smart, regardless of conventional wisdom.” Very insightful words from a man who helped his firm grow to acquire 16 restaurant brands including CKE and Arby’s. 

For years, traditional outsourcing to Asia has been the “conventional wisdom” that a multitude of companies have adhered to. However, it is in an organization’s best interest to be open to the possibility that the systems and tools that may have worked well in the past might not be the best way to do things going forward. According to an article in homebusinessmag.com, in recent years, nearshoring has been a growing practice for many companies looking to outsource their software development to a location that reduces costs while eliminating logistical issues that can sometimes minimize or even eliminate cost savings. It behooves any organization to find out if nearshoring is the “right and long-term smart” strategy for their future.