Final answer:
The organization is involved in offshoring by relocating some operations overseas and outsourcing by contracting external parties for certain tasks. It is also integrating on-premise systems with cloud technologies.
Step-by-step explanation:
The student's question pertains to a complex business strategy involving multiple practices for managing operations and services.
In this scenario, the organization is practicing both offshoring and outsourcing. Offshoring refers to the process of relocating some of a company's operations to other countries, often to benefit from lower labor costs and other economic advantages.
Outsourcing, on the other hand, is the process by which a company contracts outside parties to handle certain tasks or services that were previously managed internally.
This often includes hiring contractors from abroad. Additionally, the organization is integrating with an existing on-premise infrastructure while subscribing to external software services and making a transition towards various cloud models.
Such a strategy allows the organization to optimize costs, focus on core competencies, and flexibly adapt to technological advancements.