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Definitions from WordNet

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Externalisation

Definition

Externalisation refers to the act of transferring or outsourcing certain functions, tasks, or processes of a company or organization to an external third-party or provider. It involves delegating activities that were previously handled internally to an outside entity, often to reduce costs, increase efficiency, or gain access to specialized skills.

Sense 1: Noun

In a business context, externalisation involves the contracting of services or operations to external vendors, partners, or suppliers. This can include outsourcing customer support, IT infrastructure management, or manufacturing processes to focus on core competencies.

Example sentence: The company decided to embrace externalisation by outsourcing their call center operations to a reputable service provider.

Related products on Amazon: Outsourcing

Sense 2: Verb

Externalisation can also refer to the process of expressing or manifesting internal thoughts, ideas, or emotions in an outward manner. It involves transforming internal experiences into external behaviors, actions, or written expressions.

Example sentence: Through her artwork, the painter externalised her inner struggles and emotions.

Related products on Amazon: Art Therapy

Sense 3: Noun

In the field of psychology, externalisation is a defense mechanism by which individuals attribute their own unacceptable or negative thoughts, feelings, or traits onto external factors or other people.

Example sentence: Mary externalised her feelings of inadequacy by constantly blaming her colleagues for her poor performance.

Related products on Amazon: Defense Mechanisms

Sense 4: Noun

In accounting or finance, externalisation represents the process of transforming intangible assets, such as intellectual property or brand value, into tangible or marketable assets, which can be sold or monetized.

Example sentence: The company aimed to increase its capital by externalising its patent portfolio through licensing deals.

Related products on Amazon: Intellectual Property Valuation