2. Business Process Service
• Provides non core service to the clients
• Clients can concentrate on core activities
• Global tele-communication structures are well maintained.
• Scope has widened across globe.
3. History of BPS
• Formed informally during Industry revolution
• When manufacturing companies shifted their production work to
other countries where cheap labour was available.
• They earn more profit as they would be selling the goods at the
same price but the cost of making it would be less.
• Advancement in transport
• No of countries started outsourcing services to other countries.
• It also helped in improving the quality of the goods and services as
expertise developed among the outsourcing providers due to
concentrating on the same goods and services
5. Corporate
• Corporate is group of companies together.
• Also referred as Industries and Business Houses where commercial
activities are conducted.
• A place where individuals strive to achieve a common goal
• Aiming at revenue generation.
• Represents team work
6. Origin of Corporate
• Corporate is derived from the word corporation, Corporation is
arrived from the word “Cooperate” which means support each
other.
• The word corporation came into existence during the mercantilism
period in Europe.
• Group of small companies had joined hands together during the
mercantilism period to achieve the common goal of making profit.
• Reason for joining hands – reduce the risk of loss.
• Modern companies came into existence in the 20th century. Post
World wars, large companies purchased smaller companies to
expand their Industrial base.
