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Period 3- Shan Lin- Offshore Outsourcing

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  • 1. Offshore Outsourcing: The Direction To Head?
    A presentation by: Shan Lin
    SLC: Magnet
  • 2. Background Information
    • Originated from Adam Smith’s “Wealth of Nations”
    • 3. A process of hiring external organizations in different countries to conduct business functions that are normally performed within
    • 4. Tactic is becoming popular for U.S. companies
    • 5. Increasing concern for U.S. workers in recent decades
  • Common Controversies
  • To Outsource or Not?
    • The world is heading toward a single global economy and offshore outsourcing is the only way for the U.S. to thrive in this economy.
    • 11. Offers many advantages that outweighs the disadvantages
    • 12. Short term lose with long term gains
  • Outsourcing’s Impact
  • Household’s Perspective
    • Outsource of manufacturing and tedious jobs
    • 15. Better conditioned jobs for U.S. workers
    • 16. Higher quality and more choices of goods and services resulting from competition
    • 17. Lower Prices
    • 18. Higher standard of living
  • Job Loss Vs. Job Created
    • An increase of 327.7 million jobs to the labor market while only 309.9 million jobs were lost during the decade from 1993 to 2002
    • 19. Between 1983 and 2002, the total number of better condition job positions rose by 80%
    • 20. The number of high paying jobs has climbed from 23.4 % of the total employment to 31.1%
  • Business’s Benefits
    • Lower cost of production
    • 21. Increase efficiency and capacity
    • 22. Concentration on core business processes
    • 23. Continued Innovation
    • 24. Reduce Risk
  • Government Advantages
    • Close relations with outsourcing countries
    • 25. Lower costs of operation
    • 26. Higher revenue from business taxes
    • 27. More focus on important matters
  • What does this all mean?
    • Offshore outsourcing has proven itself to be benefiting for our economy
    • 28. Small sacrifices to obtain bigger reward
    • 29. American household will have more and better jobs
    • 30. Companies will be more efficient and have lower costs
    • 31. Government will gain from the prosperous economy
  • Work Cited
    • Ashe, Carolyn. "Outsourcing in the Business Environment." Encyclopedia of Business and Finance, 2nd ed.. 2007. Encyclopedia.com. 15 Nov. 2010 <http://www.encyclopedia.com/doc/1G2-1552100243.html >.
    • 32. Cooper, M. H. (2004, February 20). Exporting jobs. CQ Researcher, 14, 149-172. Retrieved November 15, 2010, from CQ Researcher Online, <http://library.cqpress.com/cqresearcher/cqresrre2004022000>.
    • 33. Davison, Dean. "Top 10 Risks of Offshore Outsourcing - ZDNet." Technology News, Analysis, Comments and Product Reviews for IT Professionals | ZDNet. 09 Dec. 2003. Web. 16 Nov. 2010. <http://www.zdnet.com/news/top-10-risks-of-offshore-outsourcing/299274>.
    • 34. French, Ron. Driven Abroad: the Outsourcing of America. Muskegon, MI: RDR, 2006. Print.
    • 35. Haugen, David M., Susan Musser, and Kacy Lovelace. Outsourcing. Detroit: Greenhaven, 2009. Print.
    • 36. "Outsourcing White-Collar Jobs Overseas." Issues & Controversies On File: n. pag. Issues & Controversies. Facts On File News Services, 15 Dec. 2008. Web. 15 Nov. 2010. <http://www.2facts.com/article/i0900460>.
    • 37. Thondavadi, Nandu, and George Albert. Offshore Outsourcing: Path to New Efficiencies in IT and Business Processes. U.st.: 1st Library, 2004. Print.