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1.
When a tech company outsources and offshores expensive jobs to a cheap 2nd or 3rd world labor location, they give that new place a lofty name, as if it's god's gift to their future success, while it generally displaces US or other western (expensive) workers.
They'll trade one a $100k/yr Java coder stateside for a half dozen Sanjeev's in the Center of Excellence in Bangalore.

The Center of Excellence contributes directly to shareholder value, i.e. executive bonuses.

The Center of Excellence is in Bangalore. That makes Austin the Center of Expensive Mediocrity.
by redshirt58 February 24, 2009

Words related to Center of Excellence

center coe corporate excellence india shareholder