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Strategic Dimensions Of Sourcing And Shoring Techniques
. Strategic Dimensions of Sourcing and Shoring Techniques
There are a multitude of strategic dimensions associated with sourcing and shoring techniques in the marketplace, conducting business abroad, and
conducting business on the home front, or near the home place. These strategic dimensions include (a) domestic outsourcing (b) insourcing (c)
backsourcing (d) offshoring (e) offshore outsourcing (f) onshoring (g) nearshoring (h) strategic outsourcing (i) business process outsourcing (BPO) and
(j) offshore service providers (OSPs). These sourcing and shoring techniques can be complicated to understand. Domestic outsourcing is when a
company decides to let go of an in–house job to go to another domestic company to perform (Koku, 2009). Insourcing is bringing back work internally
that was previously outsourced (Nodoushani & McKnight, 2012). Backsourcing is rescinding the product or service back to the home country where it
came from originally. Offshoring is when a company from one country outsources work to businesses in another country by either conducting
operations in the foreign country, or subcontracting this work out through outsource providers who then transfer this work overseas (Chadee & Ramen,
2009; Koku, 2009).
Offshore outsourcing is a hybrid of domestic outsourcing and offshoring, in which a company totally transfers jobs to another company that is
foreign–based which has no relation whatsoever to the domestic affiliate, for example, Delta Airlines contracting
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Business Information Management Strategy for the RBS...
INTRODUCTION
This assignment was given by Madam Manaf as the subject of his assignment of Business Information Management Strategy to all degree students with
international business information technology business (CU202). Based on this assignment students were required to make a case study on computer
RBS failure ' Caused by inexperienced operative in India '. Based on the case study is also required to give an idea of comparative advantage of IS / IT
outsourcing in the company. Then, based on the case study of this question me are required to describe the main Threats to take outsourcing IS / It to
the company. Next, I need to make recommendations on measures to prevent the occurrence of a failure in the computer system. In addition, ... Show
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Next, help me find this case study trip. In addition, the summary made to help me learn the important issues of this case study consented.
1.Critically evaluate the competitive advantage that can be gained by companies through IS/IT outsourcing. Provide suitable example to support your
answer.
The competitive advantage is the favorable position an organization seeks in order to be more profitable than its competitors. Competitive advantage
involves communicating a greater perceived value to a target market than its competitors can provide. This can be achieved through many avenues
including offering a better–quality product or service, lowering prices and increasing marketing efforts. Sustainable competitive advantage refers to
maintaining a favorable position over the long term, which can help boost a company's image in the marketplace, its valuation and its future earning
potential. (Margaret Rouse, November 2012).
The outsourcing is when businesses need expertise or skills that they don't have within their organization, they often turn to outsourcing to solve their
problems.
Comparative advantage of external resources by each company's IS / IT was good to help the company work involving IS / IT as their company
system. Reference case study given, The Royal Bank of Scotland has hired young technicians
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Outsourcing Of The New Strategic Asset
Each company will try to pursue their supply chain to supports their competitive priorities and it will involve outsourcing at least for the initial input of
their processes from other companies (Krajewski et al., 2016). Increasingly, the companies are no longer just outsourcing basic support, but they are
outsourcing activities integral to their operations, including such things as, customer sales and support, information technology, integrated product
design and manufacturing, logistics, human resources and financial functions. Sometimes, the activities being performed by the outsider are replacing
in–house operations. In other cases, they are new activities tied to the company 's business growth and new markets. As organizations outsource more
and more of their operations, it is the relationship itself that becomes the new strategic asset. Outsourcing relationships demand the same care and
attention to sound management principles and practices as do in–house operations and valued employees. Managed well, continuous improvement,
increasing value, and constant innovation can be expected. Managed poorly, the services and overall relationship deteriorates resulting in higher costs,
operational disruption and lost business opportunities.
Financial savings from lower international labor rates was the most important motivation for the early outsourcing decisions. Offshoring, next–shoring,
re–shoring and near–shoring are several strategies that will be cover next as part of
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Offshoring: benefits & risks
Offshoring
Human Resource Management, BBA440
September 17, 2013
Offshoring is the practice of relocating business processes to lower cost locations outside the country of origin. This is not a new practice for
companies in the United States. Moving business processes to another country to take advantages of lower operating costs and cheap labor seems like
a great idea. However, the dilemma for a company is whether the benefits of offshoring outweigh the risks. This dissertation will begin by briefly
reviewing the history of offshoring. Next, it will examine the various advantages and disadvantages associated with offshoring. Thirdly, it will explore
the growing trends of backshoring and nearshoring in situations where ... Show more content on Helpwriting.net ...
A final reason for the company to offshore part of their operations is access new markets. Since the company is not restricted to just the domestic
market, offshoring gives the company global presence and the ability to access developing markets in Third World countries. By streamlining the
company's production processes and supply chains globally, companies can lower their prices increase demand for their products, thereby attracting
new customers and entering new markets. While there are many benefits to offshoring, it does have some disadvantages. One of the disadvantages of
offshoring is the cultural and communication challenges. "Different cultures have different communication styles, different attitudes toward conflict
resolution and simply different ways of getting work done" (Green, 2007). In different cultures words can mean something different. For example,
"yes" in the United States means "beyond a doubt", but in Japan they say "yes" when they really mean "no," since "no" is disrespectful to say to anyone.
Even though people at the offshore location can speak and understand English, there are still instances when getting the message across becomes
difficult. Hence, companies must invest time and money into training employees about the cultural of the country to which the company is offshoring
in order to avoid embarrassment for both the employee as well as the company.
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Case Study
MM05 Marketing of Services Assignment No.I Assignment Code: 2011MM05B1Last Date of Submission: 30th Sept 2011 Maximum Marks:100
Attempt all the questions. All the questions are compulsory and carry equal marks. Section–A Ques.1List five ways in which investment in hiring and
selection, training and ongoing motivation of employees will pay dividends in customer satisfaction for (a) a restaurant (b) a hospital (c) a consulting
firm Ques.2Identify firms from three different service sectors in which the service environment is crucial part of the overall value proposition. Analyze
and explain in detail the value that is being delivered by the service environment. Ques.3How can customers contribute... Show more content on
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Such passions are lacking in English language journalism by and large. CNN–IBN believes that the time has come to blend the strengths of Hindi and
English language journalism. English language journalism has its strengths. CNN–IBN wants to combine the advantages of Hindi and English
language journalism. IBN would like to move into the Hindi news space. It is the only way forward, though the Hindi market is an extremely
competitive one. IBN got instant credibility form the co–branding deal with CNN. That the world's largest news network decided to tie–up with a fresh
channel only enhanced its credibility. But ultimately the channel will be judged on day–to–day performance. Ratings will be high if the news channel
is good. The first battle that has to be won is that people have to see CNN–IBN as a serious news channel, which people do. CNN–IBN does not want
too many ads in the beginning. It wants to provide its viewers with lots of news. Eventually, it will have ads as it wants to generate revenues too. A
journalist–driven channel is here to make revenues and CNN–IBN is confident of that. Questions 1. What do you assess is the reason of success of
CNN – IBN inspite of a tough competition from NDTV 24 x 7? What are its main attributes, which can lead to its future success? 2. What in your
opinion should CNN–IBN do to come at number one? Should it diversify into Hindi News channel or not, where competition is more tough. Comment.
MM05
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Outsourcing: Problems and Solutions
Table of Contents
IntroductionВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….pg 3
OutsourcingВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….pg 3
HomesourcingВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…..pg 5
FarmshoringВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….pg 6
ConclusionВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….В…..pg 7
ReferencesВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…...pg 8
Outsourcing: Problems and Solutions
Introduction
As today's young adults are graduating from high school and college, what is one of their first choices? Where are they going to get a job? Some of
today's big jobs are being taken from the United States and sent to countries overseas. So where does that leave our young adults? They may have to
move away from home and to not be with their families. Are you aware of the other options to this? A great exception to this... Show more content on
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3). With all the personal and confidential information being processed overseas, identity theft can be big factor. "Last year a disgruntled Pakistani
worker upset about back pay threatened to divulge data about patients at a San Francisco hospital" (Schwartz, 2004). She goes on further to say that
these countries lack consumer privacy laws. Medical privacy does not really mean anything to them. Things are in the works to require written
authorization from consumers themselves so they are aware their data is being shipped overseas and can make a choice if they want that or not. So
what can we do about this?
Homesourcing
There is a new alternative to outsourcing. Some dub it "homesourcing." As many United States companies prepare to export jobs overseas, other
companies are working to keep them at home–literally–as a substitute for call centers. According to a recent study by consultancy Booz Allen Hamilton,
not only is such homesourcing cheaper than traditional outsourcing, but home agents are 25 percent more productive than employees who handle calls
in–house (Mello Jr., 2005, para. 1). Geller (2005) states that "it's not always as cheap as offshoring, the shift of operations to countries with low–paid
but well educated workers, but companies bent on cutting costs also see home agents as a way to avoid some of the consumer complaints common to
overseas call centers" (para. 3).
Allowing people to work from their homes makes them happier, and
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Case Study Of Jpmorgan
Introduction:
What benefits would occur is JP Morgan was to outsource operations of its credit card services division to India?
J.P. Morgan also known, as JPMorgan Chase is a financial services giant, headquartered in New York, United States of America, however it operates
globally in continents and countries across the world including the Americas, Europe, Asia, parts of Africa and the Middle East. JPMorgan is focused
on offering banking and financial products and services, where it is one of the foremost leaders in market share for such offerings. In order to grow
and develop their customer base, they have expanded their products and services into areas like asset management, investment, commercial and private
banking, credit/debit card services and security services. One of JPMorgan's main objectives is to grow and expand in a sustainable and manageable
manner. Some ways or strategies in which JPMorgan can grow while cutting costs include: headcount reduction, retrenchment,outsourcing, offshoring
or shutting down loss making areas of the business. However, outsourcing as well as offshoring offers lower costs, economies of scale and greater
efficiency. ... Show more content on Helpwriting.net ...
Another strategy that JPMorgan has adopted over the last decade or so has been offshoring, which is provision of services undertaken in JPMorgan's
own offices/centers' of excellence, which are based outside its main operating centers i.e. in jurisdictions such as India, Philippines etc. JPMorgan can
outsource/offshore its credit card services to a country in Asia such as India in order to achieve its goals of growing and expanding in a cost efficient
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Essay on The Five Phases of a LPO Relationship
The Five Phases of a LPO Relationship
A new model of legal outsourcing is radically reshaping the role of different business functions such as human resources and call centers. Combining
the benefits of cost reduction and process re–engineering, the LPO model maximizes ROI at an accelerated rate. A systematic planning and execution
framework helps deliver the expected value.
Your board says we have to keep containing costs. Or we must become more competitive. Or we must increase the performance of our workforce. Or
we must define our corporate LPO strategy.
Where do you start? Developing the conceptual model for business outsourcing is relatively easy as compared with legal outsourcing. The difficulty lies
in executing it. Why? For the ... Show more content on Helpwriting.net ...
Preparing for this transition to a supplier what were core processes requires substantial upfront planning. The steps include:
Research and education on the legal process being outsourced
Market intelligence to assess what competitors are doing
Benchmarking the current process against the best – Goal: understand, improve, design, build, and source more cost–effective business processes
Perform risk analysis
Assess your own process core competencies
Customizing and implementing technological requirements such as e–discovery, litigation & pleading support Software
Set the destination – what constitutes success?
Evaluate total cost of engagement (gross margins, operating costs, taxes), Including infrastructure, management, knowledge capture, and training costs.
Phase 2: Planning
LPO contracts should be long–term; hence, a projection into the future is imperative. Several factors such as the policy scenario, the quality of
infrastructure, security and human capital, and the location of facilities can affect long–term outcomes. Following are some activities companies
should plan to complete before outsourcing.
Review existing processes.
Develop key improvement objectives.
Decide which services & process to outsource.
Perform a cost benefit analysis.
Determine the ideal best–shore solution for
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The main threat of IS/IT Outsourcing Essay
Question 2
Assess the main threat of IS/IT outsourcing and put these possible threat in order based on important. Justify your answer.
Companies outsource are to avoid a certain types of costs. Among the reasons companies elect to outsource include the avoidance of regulations, high
taxes, high energy costs, and costs associated with defined benefits in labor–union contracts and taxes for government–mandated benefits. Perceived or
actual gross margin in the short run incentivizes a company to outsource. With reduced short–run costs, executive management sees the opportunity for
short–run profits, while the income growth of the consumer base is strained. This motivates companies to outsource for lower labor costs. However,
the company may ... Show more content on Helpwriting.net ...
This often requires the assimilation of new communication methods such as Voice over ip, Instant messaging, and Issue Tracking Systems, new Time
management methods such as Time Tracking Software, and new cost– and schedule–assessment tools such as Cost Estimation Software.
Quality of service (QoS)
Quality of service is best measured through customer satisfaction questionnaires which are designed to capture an unbiased view.
Language skills
In the area of call centres end user experience is deemed to be of lower quality when a service is outsourced. This is exacerbated when outsourcing is
combined with offshoring to regions where the first language and culture are different.
Foreign call centre agents may speak with different linguistic features such as accents, word use and phraseology, which may impede comprehension.
The visual cues that are missing in a telephone call may lead to misunderstandings and difficulties.
Security Before outsourcing, an organization is responsible for the actions of their entire staff, sometimes a substantial liability. When these same
people are transferred to an outsourcer, they may not even change desks. But their legal status changes. They are no longer directly employed by (and
responsible to) the organization. This creates legal, security and compliance issues that are often addressed through the contract between the client and
the suppliers. This is one of the most complex areas of outsourcing and sometimes involves a
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Essay on Offshore Outsourcing
Offshore Outsourcing
Currently, it has been reported that many of our jobs, as much as one out of every three private–sector jobs are being sent overseas.
What is offshore outsourcing?
Outsourcing occurs when a firm subcontracts a business function to an outside supplier. Outsourcing is mainly the result of companies who will always
pursue the lowest–cost structure, which means less skilled work will move out of the U.S. to emerging economies.
Many believes that this is a good thing, because living standards around the world will rise, and workers in developing nations will get new and
higher–paying jobs, and consumers in the U.S. will be able to buy products that are cheaper than if they were made at home. ... Show more content on
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This positive change in our economy now has many economists believing that the same process is going on in services.
Why offshore outsourcing?
Many businesses have turns to offshoring as a way to boost their profits. The most obvious benefits of offshoring for the businesses and
English–speaking destination countries are the lower wages in foreign countries such as India, China, Korea, Philippines, etc... which translates into
significant savings and often, improved quality.
Offshoring doesn't just benefit businesses alone, a recent McKinsey Global Institute study notes that offshore outsourcing will allow America to
capture economic value through multiple channels:
Cost savings: For every dollar of spending on business services that moves offshore, U.S. companies save 58 cents. The savings from reduced costs
means more savings, which can be passed to consumers or to investors to reinvest.
New revenues: Companies that provide offshore services need goods and services themselves, ranging from computer and telecommunications
equipment to legal, financial and marketing expertise. And often they buy these from the U.S. companies.
Repatriated earnings: Many offshore service providers are in fact U.S. companies that repatriate earnings.
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A Short Period Of Declining Demand
Following the 2008 recession and a short period of declining demand, the outlook for outsourcing and off–shoring showed an increasing trend for the
foreseeable future. As companies realign their strategies to better compete in the world stage, the projections indicate that this practice will grow over
different dimensions including function, services and geographic locations (Deloitte, 2014).
The main benefit for the companies that use outsourcing and off– shoring is the positive impact it has on their bottom line. Companies usually
outsource services or functions to undeveloped regions of the world where wages are much lower and regulations are weak allowing them to realize
savings and lower costs, which are probably unattainable if carried out in their home countries. The ability to offload secondary functions or
competencies to third parties allows companies to concentrate in their core processes and maintain or create a competitive advantage. Other benefits
include getting access to skills and capabilities not available in–house, more operating flexibility and the ability to lower operating risks by delegating
activities to third parties (Dinu, 2015).
The above are some benefits cited by firms regarding outsourcing, but as it is common with all activities there are negative side effects. The increase in
investment risks, including operating and more importantly reputational risk. Poor selection of vendors, lower quality standards and security gaps for
confidentiality
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Disadvantages of Business Process Outsourcing Essay
In the recent decade, Business Process Outsourcing (BPO) has become a usual business phenomenon from a new business strategy in the bank
industry around the world. Banks are increasingly outsourcing more activities to third parties and relying more heavily on vendors now more than
ever before. (Deloitte, 2012) The Swiss bank UBS is not an exception. Since UBS set up the UBS India Service Centre in Hyderabad in 2006, parts of
its back–office and middle–office functions have been outsourced to lower–cost places during the following years, such as India, China, Philippine and
Poland. Most recent news says that UBS will begin outsourcing its fixed income trading platform to two technology groups in an attempt to save costs.
(Reuters, 2014) ... Show more content on Helpwriting.net ...
BPO that is contracted outside a company's country is called offshore outsourcing (Tas, J. & Sunder, S. , 2004)
Offshore outsourcing represents one aspect of how globalization is occurring in the current economies. Globalization is the interdependency of
transportation, distribution, communication, and economic networks across international borders. (Gibson, Ivancevich, Donnelly, Konopaske, 2009) It
means that the labor supply market is globalized and that cross–cultural management can become essential and more important than ever before.
BPO is not simply moving jobs to a distant country and starting saving cost right away. BPO in the banking industry requires bank to provide on–site
training, which normally takes from three months to a full year. (Overby, 2003) The training is a knowledge transfer process from one organization to
another, which is necessary and critical to make sure the work can be transferred from onshore to offshore people smoothly. It's a significant stage of
outsourcing implementation, which may determine outsourcing will be a success or not.
Below case shows how the offshore outsourcing is occurring during the implementation stage.
Team A is UBS investment banking operations located in UK. It is planed to be offshore outsourced to an external company located in a foreign
country. A team of offshore workers came to UK and started to learn tasks sitting beside their onshore partners
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Advantages And Disadvantages Of BPO
The result of incredible improvements which has taken palace in communication infrastructure and significant cost reduction of global
telecommunication costs all over the globe due to massive penetration and development of this industry , offshoring and outsourcing have scaled new
heights (Blinder, 2006; Levy Business Models of BPO In a study which got widely cited too, Grover (1996) identified three categories of target
outcomes from outsourcing namely (i) economic (cost savings) ,(ii) technological and (iii) strategic. While these indicators being very truly valid alone
is not sufficient enough unless otherwise inherently combined to exist with a multi–stakeholder perspective to result in offering enduring satisfaction
levels to the... Show more content on Helpwriting.net ...
Cullen (2005) expressed that organisations invariably always face an inestimable number of choices which is a source of constant conflict. Other
authors while referring specifically to BPO, describe it as a dizzying set of evolving choices around such matters related to sourcing locations,
various choices in engagement models, types of service offerings by vendors (Lacity, Willcocks and Rottman, 2008). This model inturn
comprehensively emphasises on the most likelihood of changes over time reinstating the compelling need for an active BPO lifecycle management
asking for a realistic foundation for offshore any BPO strategy design. To throw more light on this aspect , there are complex trends existing towards
any offshore sourcing strategy in terms of choosing higher skilled and it would be tremendously difficult to codify business processes .Levina and Su,
2008 reminds us that organisations are likely to develop a BPO strategy that involves formal controls around transfer of client–centric knowledge. This
category of BPO requires for its success that client organisations and their outsourcing suppliers (which may include an offshore captive centers also) to
develop deep trust, effcicient and effective collaborations which makes the investment jointly in knowledge management by both the parties(Lee, Huynh
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Outsourcing : Outsourcing And Outsourcing
Outsourcing, and in particular offshore outsourcing, is absolutely necessary and helps our country 's economy. Outsourcing helps a company focus on
those things it does best and hence increase its "top line" revenues while reducing costs. Outsourcing has provided organic growth to the United States
corporations and enabled them to compete more effectively in global markets. This paper seeks to explore what outsourcing is, what the difference
between outsourcing and offshoring is, what effects it has on individuals, firms, countries and the world as a whole, the controversy surrounding
outsourcing, trends of outsourcing and the necessity for it.
Outsourcing refers to sending any type of work that a business would otherwise be completed ... Show more content on Helpwriting.net ...
For example, Wyeth Pharmaceuticals outsourced its clinical–testing operation to Accenture Ltd. in 2004 (Engardio, Arndt, & Foust, 2006). Even the
local city and state government also outsources services like infrastructure to build roads, toll booths, and health care, trash and snow removal.
Outsourcing can free up government agencies to focus on strategy, planning, and core functions they perform best and governing the people.
Outsourcing is more prevalent than you might know, and it is very vital to our economy.
Offshoring or offshore outsourcing is the relocation of a business process from one country to another. For example, a business in the US could
outsource work to a contractor within the US which is outsourcing. If the business instead outsources the work to a foreign contractor like in India or
the Philippines, it is called "Offshoring". While outsourcing is used to access contractors with advanced skills locally for short term projects or to
speed–up the projects for completion, offshoring is used basically to reduce the cost than in–house staff for a task or a process. Firms offshore anything
that could be from simple customer care to more critical operations like research and development (R&D), total information technology (IT)
management, and new product development. Even though these may seem like core competencies, some firms still outsource them, so
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Outsourcing Is An Alternative For Modern Economic Development
Outsourcing has become an alternative for many major companies as a way to not only manufacture products in other countries, but also employ and
develop jobs in other countries in which reality should be available in the United States. Outsourcing as it may seem beneficial to the companies that
employ it, actually harms the economy by decreasing the job market that is present in the United states. Offshore outsourcing has a strong potential to
affect a variety of jobs ranging from low paid low and skill jobs to high paid and skill jobs. A princeton economist had predicted that about thirty to
forty percent american jobs can be offshored in the next ten to twenty years (Institute, 2015). Specifically, informational technology jobs is field that
has been targeted to be outsourced in the past, present, and future. A study from the Center for Urban Economic Development found that U.S. imports
of business, professional and technical services increased their outsourcing by seventy seven percent in the years of 1997 and 2002 (Offshoring vs
Outsourcing, 2015). With the large number of jobs that could move offshore in the future, there is the potential for an increase in the number of jobs
moving to other countries, specifically informational technology jobs. This in return would result in a negatively affecting United States jobs and its
economy.
A major risk outsourcing costs is the reduction of overall human capital levels in this country (NY Labor, 2010). This means the amount
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Causes Of Layoffs In The Animation And Video Game Industry
Animation and Video Games allow many of us to disconnect from our daily lives in order to enjoy an experience that can take us to grand new worlds
and gives many people the opportunity to connect with charming and unique characters. Generally, this is considered to be a good thing, however
many people fail to realize that the industries behind these forms of entertainment are subject to the same pitfalls that befall most businesses. This
means that these industries are subject to things such as supply and demand, bankruptcy, and the outsourcing of jobs. These are the leading causes of
the biggest problem in these specific industries currently which is layoffs. Unfortunately, this means that many individuals are unaware of how
prominent layoffs are in the Animation and Video Game industry along with their underlying causes as well as how such actions can affect the lives of
the individual artists who are responsible for creating the content that brings joy and happiness to many of our lives.
One of the primary causes of layoffs in the Animation and Video Game industries is how many studios rapidly hire talent either in anticipation for a
future production. An example of this is alluded to in a 2002 Daily Variety article that covered the topic of the then recent layoffs atWalt Disney
Animation Studios, which stated "Just three years ago, Mouse employed 2,200 animation staffers. But a brief surge in toon interest among Hollywood
majors quickly crested and a series of
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Offshoring Benefits
Many business executives believe "offshoring" to be the destiny of any company that wants to remain competitive. Labor costs can be reduced by
25–30% or more, and companies across the country are doing it. How can responsible corporate officers not consider the offshoring option for their
companies? But what are the real benefits and the pitfalls of offshoring? When does it make sense to pursue outsourcing, and how can you safely take
advantage of lower cost resources in other countries without risk or loss of quality?
Background:
Moving jobs to cheaper work forces is nothing new. Even as recently as a few decades ago, significant segments of the manufacturing sector were
transferred to locations such as Mexico, where labor was cheaper. Although... Show more content on Helpwriting.net ...
Know what you want to accomplish and how much it should cost you.
В· Offshore non–critical functions: Maintain the integrity of your core competencies by offshoring only non–critical functions. And start small. Just as
you wouldn't jump in too deeply with a domestic company before gaining some history and confidence in the company, so should you be similarly
cautious with offshoring partners.
В· Know what to offshore: Software development, data entry, and transaction processing have been successful; customer service and voice interaction
are more risky.
В· Choose the right location: The type of work being outsourced will influence the location. India has gained a reputation for software development.
Between 2003 and 2004 it has seen over a 30% growth in software and IT service exports, and by the year ending in March, 2004, Indian companies
have earned $12.5 billion in technology exports. But India is not the only source of reliable but inexpensive labor. Countries such as China, the
Philippines, Romania, Argentina, and even Ghana and Ireland are all centers for offshore operations of various
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Assess The Difference Between Outsourcing And Offshoring
Initially, the purpose for offshoring was due to producers wanting to lower fixed costs and also seeking lower waged workers. By moving job duties
abroad, producers were also able to avoid unionized workers (Gupta & Sao, 2009). In recent years, offshoring has also become popular in higher waged
jobs such as software development. Outsourcing is very similar to offshoring, where a firm purchases inputs or services from another firm, but the firm
is also located in the United States (Harrison & McMillan, 2006). A staffing agency is an example of outsourcing. A company is assigned by a client,
and employees of the staffing company work directly with the employees of the client (Houseman, 2007). The subject of whether outsourcing and
offshoring
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Outsourcing D Herbs
There's a few method that can be implement in D'Herbs to overcome challenges they faced. One of the most critical methods is by outsourcing. By
outsourcing, they could just focus only in creating better products to meets customer needs. Where, other departments in the company are outsourced.
Company gained competitive advantages through real or actual value to customers that they provided. The organizations must know their products,
services, customers, competitors, industry, related industries, and environment forces in determining how IT can provide them with competitive
advantage. Not to mention, they also need to have understanding about how IT can boost value for each of the areas. There are three characteristics of
resources that give the firm potential in gaining competitive advantage. The three characteristics are value, rarity, and can be obtained.
Value, rarity, and can be obtained, are used to characterize resources that contribute to initial competitive advantage. To sustained competitive
advantages, the resources must be imitable, imperfectly mobile, and have low substitutability. Imitability is, whether other will be allowed to imitate or
copy the resources. Mobility is the easiness of an organization to acquire the resources to imitate. Example of it, are hardware and software that are
easily obtained. Finally, substitutability is the ability of others to make use of substitute resource.
Outsource development, or outsourcing, can happen when a third party were
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Outsourcing to India: Is the United States benefiting...
Outsourcing to India: Is the United States benefiting from it?
I. Introduction "Did you hear the news? No, what happened? We are shipping all of the IT jobs to India ..." Water cooler conversations are beginning
to sound more and more like this. Outsourcing of jobs has become a major concern for employees at large corporations (technical or financial). The
economic drought that the United States faced in 2000 to late 2001 led to numerous cost–cutting measures, but none more effective than that of
outsourcing. The outsourcing of jobs is now a necessity in the United States, so companies are forced to send jobs to places such as India to keep costs
down, all the while trying to balance the advantages and disadvantages of the move. ... Show more content on Helpwriting.net ...
Other services that are currently being outsourced fall under the category of business process outsourcing (BPO) which includes payroll, billing,
accounting, telemarketing and call centers. At this rate, almost every corporation will have main operations being done in a foreign country with
management staying in the United States.
When should you outsource? If you are losing focus on your core business because you are too busy handling operations or if you are facing a time,
money or human resource crisis, outsourcing is a solution[2]. Outsourcing can also allow you to be the first one in your market to gain that important
edge to put you over the top. However, the main reason for outsourcing is that a mission–critical project needs to be finished, but there is a lack of
specialized personnel to finish the project. Outsourcing is not done only to save money, but because the specialization is necessary for certain products.
Where should you outsource? When companies are thinking of where to outsource, the first answer is India. This is because India has an abundance
of technically skills people who are in need of employment. Corporations such as Intel, IBM, Cisco, Amazon, and Dell have already seen the benefits
of outsourcing to India. The most common place to outsource is Bangalore, which is often called the Silicon
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Offshoring: Threats To The US
I would agree with the special report when it says that outsourcing and offshoring are not threats to the US. However, I do think that there are
disadvantages to outsourcing and offshoring. Outsourcing and offshoring were originally made for countries to save money in production and labor
costs; now places like China and India, the counties that US companies were offshoring too for cheap labor aren't as cheap anymore. The special report
examines some of the disadvantages of outsourcing and offshoring. These disadvantages include: high shipping costs, long transportation time,
weakening innovation, and supply chain risks. The biggest known threat that comes hand in hand with outsourcing and offshoring is loss of jobs. But,
I don't think that
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Offshoring
1.)Do you agree with the opinion of The Council of Economic Advisor's claim that "When a good or service is produced at lower cost in another
country, it makes sense to import it rather than produce it domestically? Offshoring has its advantages as well as it disadvantages, as most business
decisions do. It is the weighing of those two leverages that make the debate of offshoring such a conflict. Offshoring reaps many benefits for
companies. For starters, offshoring allows companies to stream their productions globally. With this they may then begin to cut cost of goods to a lower
rate to increase the demand, a plus for both the company and it's consumers. This investment also acquires new customers and even puts the companies
into new market... Show more content on Helpwriting.net ...
Political stability in offshoring is a tough aspect. It can often be a deal breaker for a company when deciding where to set up offshoring positions. No
company wants to establish such an investment for it to be nationalized or worse threatened by a foreign military strife both internationally and
externally. For example, many companies want to set up offshoring in India due to their high education level however it is hard to do so with political
issues taking part in the decision making. At this time in India, the government is struggling financially. They continue to have money issue daily due
to lack of documented regulations that could prevent chaotic situations from forming. This makes American companies weight the benefits and
conflicts if they are to set up business within India's jurisdiction. On top of this questionable factor, American companies have to also consider the
conditions of the area in which they would be residing in. As minor as it may seem, the factor of the conditions of desired area effects the companies.
In India, the area is a bit rough compared to American land. The power networks, roads, and transportation system face a huge demand to be
re–established. The government has recognized the issue and has begun funding the restoring (Pg.9). Dejectedly, it has been estimated to cost about
$45 billion in public and private sector investment (pg. 9). At this price is it even worth the uprooting, probably
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Offshoring Essay
The underlying cause of the great exodus of American businesses leaving the United States to open their headquarters abroad is the existing US tax
codes. The United States is taxing our businesses to death, Burger King has even left the US to set up their headquarters in Canada. Numerous
pharmaceutical companies have also left the US to open its doors abroad. In the last ten years 47, companies have left the US for lower taxes, also
known as inversion or offshoring. (CNN) Lawmakers and regulators over the years have made the requirements more stringent after the exodus of
many high–profile companies. Some of the companies that have decided to leave the US are Fruit of the Loom, Seagate, and Tyco. They have
relocated a portion or in some cases all of their business to overseas locals. Locations that have been privy to the onset of the US's losses are the
Cayman Islands and Bermuda. (CNN) But with the trend seemingly on the rise, some say it is time for yet more stringent requirements. Among them
is Rep. Sander Levin, a senior Democrat whose office distributed the CMS report. It is true that inversion can yield significant tax savings, but in the
wake of inversion, the U.S. is dying a slow death economically. One of the most recent deals, for example, medical device giant Medtronic (MDT)
moved from Minneapolis... Show more content on Helpwriting.net ...
Although, this issue has been on an increasing rise, it is still not getting through to the government, they seem to have blinders on, and assume that by
meting out more stringent penalties, this will change the convergence of inversion. Their tactics have actually made the state of affairs far worse,
thereby, giving businesses no other option of survival. In an already declining economy, the government's actions or inactions, to correct these offenses
have increased an already dire
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Offshore Outsourcing Essay
Abstract This paper will discuss offshore outsourcing and the effects it has on the American worker in a technology environment. We begin with the
scope of the problem and how it has changed the economy for better and for worst. Various figures representing miscellaneous data about off shoring
will be represented. The topics include the background and nature of offshore outsourcing, reasons for outsourcing, why trading promotes gain, current
economic standing from outsourcing, and finally how outsourcing affects wages and employment. In the summary various solutions and ideas are
given to propose a change to the industry in hopes that the American worker will be more prosperous from an economic standpoint.Introduction ...
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highly dependent on other countries. If those countries decide to cut the cord, there will be no product creating a loss. Many new proposed laws for
2011 are in the workings to minimize these issues, with regards as to how the government would like to handle them. Outsourcing in the near future
will be focused on smaller projects while using more suppliers. A reduction in large contracts is the goal for many, which in turn will leave more
opportunity for entrepreneurs and even larger organizations. The benefit is, more options will be available and the contracts can be closely
manipulated for the good of others. Offshore Outsourcing in Technology with Regards to the American WorkerDisposition of Offshore Outsourcing The
United States is one of the largest powers in the world when it comes to offshore outsourcing. However, many economists wonder if it is actually
beneficial or destructive to the American workforce. One of the more predominant reasons outsourcing has become popular is due to overall savings
of costs. These cost savings have proven to raise overall productivity, and have allowed everyone fromsmall business owners to corporate giants to
advance into the next generation of technology. Some economists classify offshore outsourcing as international trade between countries leading to a
large profit margin for both parties included. Gregory Mankiw is an American Macroeconomist that
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Can Brazil Become a Global Competitor in the Information...
Minicase: Can Brazil Become a Global Competitor in the Information Technology Outsourcing Business?
1. Use the theories of international trade and investment that have been presented in this chapter to help explain Brazil's intentions and actions
regarding the international information technology sector.
The IT Service industry has expanded rapidly. Many companies worldwide have made the decision to outsource this industry to offshore companies.
Worldwide demand has increased growth to 40 to 50 percent on an annual compounded rate basis. Many developing nations like Latin America and
Asia have made an attempt to obtain some of the IT offshoring business from countries like the United States because it is seen as not only a source for
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The aggregate total of these strengths have meant that large US based corporations like IBM, Accenture, Hewlett–Packard and many more have
expanded their IT offshore activities to Brazil.
2. What recommendations would you give to the Brazilian government and its outsourcing industry in order to improve their prospects for success in
building a strong international competitive position in the information technology outsourcing business?
Brazil does have some weaknesses that need to be addressed in order to effectively sustain growth in this fast–growing market. I would suggest that
attention and subsequently, investment be given to the country's sources of electricity generation. There have already been many issues with
electrical failure resulting in brownout and even blackout in some areas. There should be free classes offered in English for their potential IT
candidates as well in order to increase the chances of success in this market. Experience in dealing with international markets and clientele is also
needed. I would suggest some training classes that allowed for these issues to be addressed in addition to some hand–on, travel based training to see
first–hand the sectors and markets in which they will
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Developing A Rationale And Process For Selecting Individuals
Developing a rationale and process for selecting individuals for a layoff is no easy task, and it is fraught with legal and ethical pitfalls (Fallon and
McConnell, 2007). Layoffs can result from a wide variety of economic, societal, and technological change. Whenever possible, alternatives to layoffs
should be fully explored and considered. Alternatives to layoffs include force reductions through attrition and eliminating any part–time positions in
favor of retaining full–time employees. Early retirement is also an option as many employees may be willing to leave the workforce voluntarily with an
incentive. Pfadenhauer (2009) recommends making any layoff decisions by analyzing future organizational needs and not by considering any ... Show
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Fallon and McConnell's (2007) model advises that part–time employee positions should be eliminated before full–time employees. However, I would
be cautious in releasing part–time employees whose often increased flexibility could be extremely useful in transitional times within healthcare
organizations. Part–time float pool healthcare providers are often experienced and competent in many areas and could be a valuable tool in helping to
provide coverage as employees naturally leave due to job security concerns. Releasing these valuable part–time employees could be detrimental to the
overall functioning of a healthcare organization. In addition, I would offer part–time positions to staff members who were willing to make the
transition to part–time from full–time. There may be employees who would be interested in transitioning to a part–time position as they approach
retirement age or have increased family obligations.
As Fallon and McConnell (2007) report, the entire purpose of an organization undertaking a layoff is to become more efficient. This requires that the
best personnel be retained and placed in positions in which they are most efficiently utilized. Fallon and McConnell (2007) point out that this is
unlikely to occur in a perfect manner. However, focusing on job descriptions and performance related information can be very helpful, and these factors
would help build the foundation for any layoff determination model I would create.
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Asset Light Strategies Are the Only Way Ahead for...
Topic 6: "Asset light strategies are the only way ahead for international hospitality companies."
In the topic asset light strategies refers to international hospitality companies owning less assets. Assets are "items of economic value owned by an
individual or corporation, especially that which could be converted to cash" (www.investorwords.com). The various different strategies international
hospitality companies use in order to 'lighten' their assets could be by franchising, management contracts and offshoring (also known as outsourcing).
Each of these strategies will be explained in depth throughout the essay. The reason why businesses would want to have fewer assets is because they
want to get out of having asset–heavy balance ... Show more content on Helpwriting.net ...
The operator runs the hotel for a fee according to specified terms negotiated with the owner; the most common of these terms are described below in
more detail" (www.hospitalitynet.org). However by hospitality companies using management contracts to run companies then they can gain from
economies of scale, gain brand recognition and obtain a global reservation system. Alternatively there are some downfalls to management contracts
such as conflict of interest (Outcome and behaviour control).
"Outsourcing is a business process term for what has literally become known as hiring a consultant, independent contractor, or freelancer to do a
specific task or tasks for an organization in which the organization either does not have the time or the expertise to do on their own"
(www.internetbasedmoms.com). Outsourcing is commonly said to be the same as offshoring but with the increase in globalisation the distinction
between the two has and will become less overtime. Outsourcing is commonly used in business segments such as real estate management, human
resources, facilities, accounting, information technology and in this case in the hospitality industry. In the hospitality industry, more specifically in
hotels functions such as "Reservation/ Loyalty Contact Centres; Distribution; Fulfilment;
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Telstr Advantages And Disadvantage Of Offshore Outsourcing
III)Internal Issues
Offshore outsourcing is becoming a part of daily business operation for many companies, including Telstra. There are several internal factors, including
advantages and disadvantages that affect Telstra moving numerous jobs to overseas.
1)Advantages of offshoring
a)Cost Differentials
The primary factor of offshoring is the cost differences comparing between Australia and the offshore countries (Holmberg et al 2006, p. 1). Offshoring
assists Telstra to diminish overall transaction costs and labor costs by operating certain business activities at offshore locations at a lower cost. The
capital costs on the technological and organizational expertise at the beginning when Telstra offshores must be required, however, the... Show more
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However, the demand of Australian for IT degrees over the last 10 years was decreased and the completion rates were low, this led to a shortage of
IT and communication technology talents in Australia currently (Aynsley 2015). This could be the reason of high labor costs in Australia, especially in
technology fields and the reason why Telstra and other companies moving jobs offshore. Offshoring is an opportunity for Telstra accessing to valuable
resources: talented human capital, capabilities and innovation (Lewin et al. 2009). The best choices for ITO and BPO that Telstra is concentrating on
are India with strengths in IT, Philippine with specialization in English contact centers and Malaysia with potencies in software development and R&D
(Ellis 2013). All of these countries are low–wage countries, and there is a large number of highly skilled IT and telecommunication labors finding
jobs, therefore it is perfectly valuable for Telstra to get into these markets and employ talented staffs at the cheap
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Human Resource Management : An Essential Function
Human resource management is an essential function in organizations dedicated to improve or maximize the performance of the labor force of the
whole organization or to support a company's strategy in achieving its target goals such as profitability. HRM is fundamentally concerned with the
development and management of the employee within corporation. HR missions are fulfilled by trained professionals and HRM is usually referred as
"involving people practices" (Noe et al., 2015) since an entire functional group is dedicated to the discipline, policies, functional leadership engaging
and strategic decision making.
However, HRM department is usually effected by strategic business issues of the organization for certain reasons such as reducing cost, increase
profitability or economic downturn. Among a few factors of strategic business affecting HRM, downsizing and international expansion will be
explained in this report.
Downsizing – Downsizing occurs when a company permanently reduces its number of employees on the operating payroll. Organization downsizing is
often due to poor economic conditions or the company need to cut costs to maintain profitability. Downsizing usually refers to corporate restructuring
in order to increase profit and maximize efficiency (Doyle, 2015). Downsizing results in layoffs that are often followed by other reengineering changes,
such as branch closings, departmental consolidation, and other forms of cutting pay expenses.
International Expansion –
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Which Determinants Influence Foreign Investor's Offshore...
FIRST CHAPTER
1.1.Research Background and Motivations
In today's competitive business world, to increase global business,consumer demands as well as expands market size offshore outsourcing has become a
common movement. Due to forceful competition, diminution product life cycle, changing consumer taste, preferences and sensitivity, progressing new
knowledge, innovation, learning and technology and stakeholder's enthusiasm companies, at present, continuously need to revamp their value chain
(Bertrand, 2011). In this scenario, many multinational companies are refurbishing their value chain which is happening in doing business
internationally (Doh, 2005; Holm, Eriksson & Johanson, 1996). This has helped for providing them to access to ... Show more content on
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Therefore, the main objective of this study is to realize the effects of offshore outsourcing decision to low–labor–cost country like Bangladesh in order
to gain competitive advantage and maximum profit. It seeks to investigate two main areas–
i)Identifying the determinants of outsourcing decisions to Bangladesh ready–made garments. ii) Investigating the effect of these determinants on
outsourcing decision
1.4. Contribution of the Research
The contributions of this study appear from different observation or views. The contributions of this study mainly from two viewpoints, that include–
Theoretical Contribution:
1.This study will deliberate and explore the various theories and theoretical framework of determinant influencing offshore outscoring decisions which
will assist the further researcher to create and design their ideas as well as to build new theories clarifying new perceptions of offshore outsourcing.
2.This study will expand the existing literature of offshore manufacturing outsourcing, and focus on the offshoring activities from Bangladesh.
Practical Contribution:
1.The managers or executives will get an idea about a comparative offshoring destination to find out their appropriate suppliers for manufacturing
activities. In this regard, obviously Bangladesh with an abundance of relatively low cost, effective and skilled labor force can offer attractive
outsourcing
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Advantages And Disadvantages Of Outsourcing And The...
also can sustain the organizational goals with gaining a highly skilful employees. Lastly, in other to produce a skilful employee from fresh graduate,
Proton implements an internship program for graduate trainees, in order to maintain the best employees in the future.
oInformation Technology Strategy In chapter 8, corporations are majority using informationtechnology strategy in order to provide business units with
competitive advantages. This proven by many researchers had identified opportunities of information technology in creating competitive advantages.
According to Rockart and Scott Morton (1984), the opportunities are information technology able to improve each value adding function, link with
customers and suppliers to increase ... Show more content on Helpwriting.net ...
Other than that, Outsourcing is practice utilized by various organizations to diminish costs by exchanging segments of work to outside suppliers as
opposed to finishing it internally. Outsourcing also is a successful cost–sparing technique when utilized appropriately. It is once in a while more
reasonable to buy a decent from organizations with relative focal points than it is to create the great inside. For example, PROTON and MITSUBISHI
Joint production of engines in Malaysia, Consignment production of MMC–brand vehicles at Proton facilities, Sharing of major parts and components
between MMC's "Global Small" and Proton's upcoming "Global Small Car", Provision of MMC's future tech such as electric, plug–in hybrid and
hybrid vehicle technology, its clearly shows that PROTON use the outsourcing. Other than that it also prove by According to the statement, Proton and
MMC had "jointly proceeded with feasibility studies since late 2010" to identify these areas of collaboration that improves global competitiveness for
both parties. We previously heard that Proton was talking with Nissan on collaboration, but it's clear now that it didn't work
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Xerox Is A Leading Business Process Outsourcing
1: Frame:
A: Overview
Xerox is a leading business process outsourcing and document management technology and services firm operating out of 180 countries around the
world. In 2014, Xerox reported year end revenues of $19,540 million, down 2.3% from 2013, and a net profit of $969 million, up 17.7% from 2013.
Xerox's operations are broken down in to several main segments:
Business Process Outsourcing (BPO): Xerox business process outsourcing services provide support functions such as customer care, transaction
processing, finance and accounting, and human resources to a broad range of firms and organizations. The BPO services segment is focused on
providing support functions to select business groups and industries including healthcare, commercial industries, public sector, and government
healthcare. Through its healthcare provider solutions, the firm supports health providers operating in varying capacities to better access patient data,
comply with industry regulations, reduce administrative costs, and provide better healthcare services. To commercial and public sector entities, Xerox
provides support with transportation and logistics, electronic toll collection, parking management, health and human services, administrative support,
and various taxation related functions. Xerox also offers many of these services across major global markets.
Document Outsourcing: In its document outsourcing capacity Xerox offers both managed print services and centralized print services.
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How Much Does It Cost to Save? Essay
How Much Does It Cost to Save?
The impact of software development offshore outsourcing has many economic and social impacts. Economically, India is thriving with GDP growth
accelerating exponentially including having the potential to achieve double–digit growth.1 Meanwhile, in the United States, the numbers relating to
developer jobs are quite the opposite. Most figures suggest that by 2015, roughly 3.3 million business–processing jobs will have moved abroad. As of
July 2003, around 400,000 jobs already had.2
Socially, job loss has many strong emotional implications. Job loss due to cost cutting measures coupled with the dot–com layoffs in Silicon Valley
conveys an outlook for finding a technical position quite bleak. In ... Show more content on Helpwriting.net ...
In order to compete, US developers would have to take a reduction in salary. This conflicts with the cost of living in places like Silicon Valley.
Cost cutting though ultimately has many benefits for companies and individuals as it opens up other opportunities and investments. Silicon Valley
firms have used resources freed up through offshore production to develop new products, new industries, and new employment opportunities.4 A
Silicon Valley engineer may not like the opportunities that come up because ofoutsourcing, but they are there. Gregory Mankiw, chairman of the White
House Council of Economic Advisors, feels that "there will be jobs in the future because this is a vibrant economy, a dynamic economy."5
Mankiw's support for outsourcing is without a doubt supported by financial analysts in India. A member of Delhi Stock wrote in the India Times that
Mankiw "clearly had logic and facts on his side; a detailed study by Deloitte in August 2003 estimated that approximately 356 billion of work for the
global financial–services industry alone will be relocated offshore within the next five years" leading to a
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Offshoring Essay
and effects of the system.
4. a lot has been said about offshoring and its effects. Questions have been raised whether offshoring is a good concept or not, who benefits the most
and who suffers from it the most. Offshoring refers to the practice of moving business services to another country to reduce cost. This practice affect
three parties and they include U.S employees, foreign employees and the company employing. We shall consider the social and ethical implications
from the perspective of the three parties.
U.S employees: Offshoring results in fewer jobs, lower pay and a lower standard of living. For the jobs that are available, they discover that they would
require new job skills such as project management and would schedule meeting during the work hours of the workers in the other country.
Foreign employees: it creates jobs for ... Show more content on Helpwriting.net ...
The lower the price, the more the product is used thus increasing profit and customer satisfaction.
We shall take a look at ethical implications from the view of the three parties by using the ethical theory of utilitarianism, where the main purpose is to
increase happiness and Kant's principle about not treating people as a means to an end but rather as the ends in them.
U.S employees: Is it ethical to add more weight on utilities because of their nationality? Weighing the utilities (happiness) on the amount of salary,
would favor hiring U.S programmers. If a law is passed that requires paying the same amount for foreign and U.S employee, it would favor hiring the
U.S employees.
Foreign employee: Weighing utility by comparing the average salary between another country and the US would favor hiring the foreign workers. Also
the utility depends on the availability of jobs with reasonable incomes and this would favor hiring foreign
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Outsourcing In America
Over the past decade, many companies from North America have moved to foreign countries. This migration is known by many names – "runaway
plants", "outsourcing", "global sourcing" and "offshoring" ("Outsourcing: What's the true impact? Counting jobs is only part of the answer.").
According to Investopedia, outsourcing is "a practice used by different companies to reduce costs by transferring portions of work to outside suppliers
rather than completing it internally" ("Outsourcing Definition | Investopedia"). Companies outsource primarily to cut cost. This mostly helps them to
reduce their cost by 60 percent since labour in many Asian countries like China and India is very cheap. Even though offshoring is benefiting
companies, it has negative ... Show more content on Helpwriting.net ...
It is important to investigate the reasons behind this drastic shift in the plans of companies. The first and a major reason for this change is an
increasing cost of operations overseas. Factory wages in China, which started at a much lower rate that other countries, have tripled in the last decade.
According to the Economist, "Since 2001, hourly manufacturing wages in China have risen by an average of 12 percent a year" ("China, rising wages
and worker militancy"). This is defying the sole purpose of the companies to go there and manufacture products cheaply. China's labour–cost advantage
over United Sates has dropped from 55 per cent in 2013 to 39 per cent in 2015 ("Bringing the Jobs Back Home: How 'Re–shoring' Is Coming to
America"). The labour accounts for just a small portion of the whole manufacturing process costs, so, the overall profit gained from outsourcing will
drop tremendously. According to KPMG report, "Rising energy and transportation costs, along with added pressure on lead times and increased
inflation in China have made Canada and U.S. more competitive as sourcing nations" ("Offshoring Finally Going Out Of Fashion, Survey Finds").
There is more than just labour saving behind re–shoring trend. Companies are starting to recognize the value of physical proximity. Many companies
currently use virtual workplace to contact with their employees overseas to insure that everything is functioning properly. There is an emerging
consensus that the virtual workplace has its limits and it offshoring has gone too far that it is hard to collaborate within the company itself ("Bringing
the Jobs Back Home: How 'Re–shoring' Is Coming to America"). So, companies are planning to reduce the distance so that work can be done more
effectively and under proper surveillance. There is another trend that is supporting re–shoring in Canada. The KPMG report cites that
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Will Your Job Be Exported Analysis
Summary of "Will Your Job Be Exported?" In "Will Your Job Be Exported?" Alan S. Blinder argues that while offshoring (the movement of jobs
overseas) will be a major problem that the next generation will have to face, we can prepare them for the future workforce by bettering the education
that they will receive to accommodate the demand for personal services that the U.S. will see. Blitzer even quotes Lou Dobbs, a former political
commentator for CNN, who says that offshoring will expand due to these three reasons: there are more service jobs than manufacturing (which is the
job that is most offshored), technological advances, and the number of workers overseas is greater than those in the U.S. In the past, only low–end
service jobs have been competing, but with the projected jobs that will be offshoring there is no limit, because it's not the skill or education that will
determine what is offshored but rather what jobs ... Show more content on Helpwriting.net ...
Blinder has three main points to make about preparing our workforce for the future: we need to redesign our education system, remember that the line
dividing personal services and impersonal services will only move in one direction, and personal and nonpersonal jobs does not mean that one requires
higher levels of education than the other. Blinder feels that the most important of these points is education, that it should be more about the kind of
education the students receive and not the amount, he also believes that the motto looking forward should be "Prepare yourself for a high–end personal
service that is not offshorable." Blinder believes that training students for jobs that won't be offshored, developing a creative workforce, having a
tighter labor market, bouncing displaced workers back into productive employment, and more training for low–end jobs will keep America
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Outsourcing And Off Shoring Employments / It Work Force
Outsourcing is characterized as the utilization of firms outside the host (outsourcing) nation to handle all non–center elements of the host organization.
Each organization has some non–center capacities like HR, finance, managerial administrations and some more. An organization chooses to outsource
these non–center capacities in light of the fact that the organization could lessen expenses, think about distinctive target markets, access to more
talented specialists all inclusive, and so forth. The civil argument still proceeds about outsourcing and off shoring employments/IT work force.
Individuals see this as the procedure of sending work outside the nation which at the end of the day implies loss of employments and more
unemployment in the host nation. In my point of view, outsourcing/off shoring is useful for organizations over the long haul.
Near shore can be taken as a type of offshoring where the services are provided from closest location. Similarly, onshore means to outsource internal
business and projects from external sources but local companies. Offshore implies using resources of people living in different country for internal
projects and services of a company. Many things come into consideration when a business wants to outsource its jobs and tasks. Factors like time
duration, project size, project budget and resources play vital role while choosing to outsource internal company projects.
As every coin has two sides, Outsourcing also has pros and cons.
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Pros And Cons Of Offshoring
Manufacturing has become a fierce and competitive business. Shipping across oceans has become inexpensive, as has international communication, so
offshoring and reshoring are vital decisions for every organization. Technology has advanced so much that it too affects that decision. Offshoring, also
known as outsourcing, is the business practice of employing a party outside a corporation to perform services and manufacture merchandise that was
traditionally made domestically by the company's own employees (Staff, 2017). Reshoring, also known as insourcing, is the process of returning the
production and manufacturing of goods back to one's own country (Dragonette, 2016). For decades, offshoring has been occurring. As technology kept
on evolving, the 1970s through the 1980s saw several manufacturing businesses send off their raw materials across the ocean, not because of skills
but mainly because it had substantial economic benefits. However, reshoring has been making a comeback as it too has its advantages. But, how
does one decide what's best for their company? Both offshoring and reshoring have its pros and cons over time. The most prominent advantage for
offshoring has been the low cost of labor, energy, and production. For example, to save on production costs, a manufacturer of computers can buy
internal components for the machines from other makers at a lower price. Customer service jobs have also played a significant role when it comes to
looking for ways to reduce
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Outsourcing And Re Shoring Production
A globalizing economy along with cheap telecommunications technology is making it effortless for countless occupations that were formerly
invulnerable to offshoring to be sent overseas. As globalization advances, the off shoring movement is likely to escalate as well. Nonetheless, numerous
manufacturing companies such as Caterpillar, Bosh, and Phillips have disclosed that they will return part of their off–shored production to their home
countries.(When Manufacturing moves back 1) Throughout this paper I will discuss the politics of offshoring and re–shoring production as well as
reflect on globalized production and how these concepts will play out politically. The impact of offshoring is not a new topic in the global business
world. Offshoring has matured into a high–profile argument over the last few decades. As a result of offshoring, countries like the United States have
exported countless jobs to foreign countries. As technology improves as well as the modernization of countries such as China and India higher
numbers of service jobs will be moved offshore (The Next Industrial Revolution.) Although offshoring has delivered enormous economic benefits, it
also has created a heavy political toll. Offshoring has led to increased amount of jobs and rising standards of living in for laborers in low–cost
countries, rich–world workers have been able to leave the grunt work to someone else, and companies with lower labor cost have brought higher
profits. Western consumers
... Get more on HelpWriting.net ...

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Strategic Dimensions Of Sourcing And Shoring Techniques

  • 1. Strategic Dimensions Of Sourcing And Shoring Techniques . Strategic Dimensions of Sourcing and Shoring Techniques There are a multitude of strategic dimensions associated with sourcing and shoring techniques in the marketplace, conducting business abroad, and conducting business on the home front, or near the home place. These strategic dimensions include (a) domestic outsourcing (b) insourcing (c) backsourcing (d) offshoring (e) offshore outsourcing (f) onshoring (g) nearshoring (h) strategic outsourcing (i) business process outsourcing (BPO) and (j) offshore service providers (OSPs). These sourcing and shoring techniques can be complicated to understand. Domestic outsourcing is when a company decides to let go of an in–house job to go to another domestic company to perform (Koku, 2009). Insourcing is bringing back work internally that was previously outsourced (Nodoushani & McKnight, 2012). Backsourcing is rescinding the product or service back to the home country where it came from originally. Offshoring is when a company from one country outsources work to businesses in another country by either conducting operations in the foreign country, or subcontracting this work out through outsource providers who then transfer this work overseas (Chadee & Ramen, 2009; Koku, 2009). Offshore outsourcing is a hybrid of domestic outsourcing and offshoring, in which a company totally transfers jobs to another company that is foreign–based which has no relation whatsoever to the domestic affiliate, for example, Delta Airlines contracting ... Get more on HelpWriting.net ...
  • 2. Business Information Management Strategy for the RBS... INTRODUCTION This assignment was given by Madam Manaf as the subject of his assignment of Business Information Management Strategy to all degree students with international business information technology business (CU202). Based on this assignment students were required to make a case study on computer RBS failure ' Caused by inexperienced operative in India '. Based on the case study is also required to give an idea of comparative advantage of IS / IT outsourcing in the company. Then, based on the case study of this question me are required to describe the main Threats to take outsourcing IS / It to the company. Next, I need to make recommendations on measures to prevent the occurrence of a failure in the computer system. In addition, ... Show more content on Helpwriting.net ... Next, help me find this case study trip. In addition, the summary made to help me learn the important issues of this case study consented. 1.Critically evaluate the competitive advantage that can be gained by companies through IS/IT outsourcing. Provide suitable example to support your answer. The competitive advantage is the favorable position an organization seeks in order to be more profitable than its competitors. Competitive advantage involves communicating a greater perceived value to a target market than its competitors can provide. This can be achieved through many avenues including offering a better–quality product or service, lowering prices and increasing marketing efforts. Sustainable competitive advantage refers to maintaining a favorable position over the long term, which can help boost a company's image in the marketplace, its valuation and its future earning potential. (Margaret Rouse, November 2012). The outsourcing is when businesses need expertise or skills that they don't have within their organization, they often turn to outsourcing to solve their problems. Comparative advantage of external resources by each company's IS / IT was good to help the company work involving IS / IT as their company system. Reference case study given, The Royal Bank of Scotland has hired young technicians ... Get more on HelpWriting.net ...
  • 3. Outsourcing Of The New Strategic Asset Each company will try to pursue their supply chain to supports their competitive priorities and it will involve outsourcing at least for the initial input of their processes from other companies (Krajewski et al., 2016). Increasingly, the companies are no longer just outsourcing basic support, but they are outsourcing activities integral to their operations, including such things as, customer sales and support, information technology, integrated product design and manufacturing, logistics, human resources and financial functions. Sometimes, the activities being performed by the outsider are replacing in–house operations. In other cases, they are new activities tied to the company 's business growth and new markets. As organizations outsource more and more of their operations, it is the relationship itself that becomes the new strategic asset. Outsourcing relationships demand the same care and attention to sound management principles and practices as do in–house operations and valued employees. Managed well, continuous improvement, increasing value, and constant innovation can be expected. Managed poorly, the services and overall relationship deteriorates resulting in higher costs, operational disruption and lost business opportunities. Financial savings from lower international labor rates was the most important motivation for the early outsourcing decisions. Offshoring, next–shoring, re–shoring and near–shoring are several strategies that will be cover next as part of ... Get more on HelpWriting.net ...
  • 4. Offshoring: benefits & risks Offshoring Human Resource Management, BBA440 September 17, 2013 Offshoring is the practice of relocating business processes to lower cost locations outside the country of origin. This is not a new practice for companies in the United States. Moving business processes to another country to take advantages of lower operating costs and cheap labor seems like a great idea. However, the dilemma for a company is whether the benefits of offshoring outweigh the risks. This dissertation will begin by briefly reviewing the history of offshoring. Next, it will examine the various advantages and disadvantages associated with offshoring. Thirdly, it will explore the growing trends of backshoring and nearshoring in situations where ... Show more content on Helpwriting.net ... A final reason for the company to offshore part of their operations is access new markets. Since the company is not restricted to just the domestic market, offshoring gives the company global presence and the ability to access developing markets in Third World countries. By streamlining the company's production processes and supply chains globally, companies can lower their prices increase demand for their products, thereby attracting new customers and entering new markets. While there are many benefits to offshoring, it does have some disadvantages. One of the disadvantages of offshoring is the cultural and communication challenges. "Different cultures have different communication styles, different attitudes toward conflict resolution and simply different ways of getting work done" (Green, 2007). In different cultures words can mean something different. For example, "yes" in the United States means "beyond a doubt", but in Japan they say "yes" when they really mean "no," since "no" is disrespectful to say to anyone. Even though people at the offshore location can speak and understand English, there are still instances when getting the message across becomes difficult. Hence, companies must invest time and money into training employees about the cultural of the country to which the company is offshoring in order to avoid embarrassment for both the employee as well as the company. ... Get more on HelpWriting.net ...
  • 5. Case Study MM05 Marketing of Services Assignment No.I Assignment Code: 2011MM05B1Last Date of Submission: 30th Sept 2011 Maximum Marks:100 Attempt all the questions. All the questions are compulsory and carry equal marks. Section–A Ques.1List five ways in which investment in hiring and selection, training and ongoing motivation of employees will pay dividends in customer satisfaction for (a) a restaurant (b) a hospital (c) a consulting firm Ques.2Identify firms from three different service sectors in which the service environment is crucial part of the overall value proposition. Analyze and explain in detail the value that is being delivered by the service environment. Ques.3How can customers contribute... Show more content on Helpwriting.net ... Such passions are lacking in English language journalism by and large. CNN–IBN believes that the time has come to blend the strengths of Hindi and English language journalism. English language journalism has its strengths. CNN–IBN wants to combine the advantages of Hindi and English language journalism. IBN would like to move into the Hindi news space. It is the only way forward, though the Hindi market is an extremely competitive one. IBN got instant credibility form the co–branding deal with CNN. That the world's largest news network decided to tie–up with a fresh channel only enhanced its credibility. But ultimately the channel will be judged on day–to–day performance. Ratings will be high if the news channel is good. The first battle that has to be won is that people have to see CNN–IBN as a serious news channel, which people do. CNN–IBN does not want too many ads in the beginning. It wants to provide its viewers with lots of news. Eventually, it will have ads as it wants to generate revenues too. A journalist–driven channel is here to make revenues and CNN–IBN is confident of that. Questions 1. What do you assess is the reason of success of CNN – IBN inspite of a tough competition from NDTV 24 x 7? What are its main attributes, which can lead to its future success? 2. What in your opinion should CNN–IBN do to come at number one? Should it diversify into Hindi News channel or not, where competition is more tough. Comment. MM05 ... Get more on HelpWriting.net ...
  • 6. Outsourcing: Problems and Solutions Table of Contents IntroductionВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….pg 3 OutsourcingВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….pg 3 HomesourcingВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…..pg 5 FarmshoringВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….pg 6 ConclusionВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В….В…..pg 7 ReferencesВ…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…В…...pg 8 Outsourcing: Problems and Solutions Introduction As today's young adults are graduating from high school and college, what is one of their first choices? Where are they going to get a job? Some of today's big jobs are being taken from the United States and sent to countries overseas. So where does that leave our young adults? They may have to move away from home and to not be with their families. Are you aware of the other options to this? A great exception to this... Show more content on Helpwriting.net ... 3). With all the personal and confidential information being processed overseas, identity theft can be big factor. "Last year a disgruntled Pakistani worker upset about back pay threatened to divulge data about patients at a San Francisco hospital" (Schwartz, 2004). She goes on further to say that these countries lack consumer privacy laws. Medical privacy does not really mean anything to them. Things are in the works to require written authorization from consumers themselves so they are aware their data is being shipped overseas and can make a choice if they want that or not. So what can we do about this? Homesourcing There is a new alternative to outsourcing. Some dub it "homesourcing." As many United States companies prepare to export jobs overseas, other
  • 7. companies are working to keep them at home–literally–as a substitute for call centers. According to a recent study by consultancy Booz Allen Hamilton, not only is such homesourcing cheaper than traditional outsourcing, but home agents are 25 percent more productive than employees who handle calls in–house (Mello Jr., 2005, para. 1). Geller (2005) states that "it's not always as cheap as offshoring, the shift of operations to countries with low–paid but well educated workers, but companies bent on cutting costs also see home agents as a way to avoid some of the consumer complaints common to overseas call centers" (para. 3). Allowing people to work from their homes makes them happier, and ... Get more on HelpWriting.net ...
  • 8. Case Study Of Jpmorgan Introduction: What benefits would occur is JP Morgan was to outsource operations of its credit card services division to India? J.P. Morgan also known, as JPMorgan Chase is a financial services giant, headquartered in New York, United States of America, however it operates globally in continents and countries across the world including the Americas, Europe, Asia, parts of Africa and the Middle East. JPMorgan is focused on offering banking and financial products and services, where it is one of the foremost leaders in market share for such offerings. In order to grow and develop their customer base, they have expanded their products and services into areas like asset management, investment, commercial and private banking, credit/debit card services and security services. One of JPMorgan's main objectives is to grow and expand in a sustainable and manageable manner. Some ways or strategies in which JPMorgan can grow while cutting costs include: headcount reduction, retrenchment,outsourcing, offshoring or shutting down loss making areas of the business. However, outsourcing as well as offshoring offers lower costs, economies of scale and greater efficiency. ... Show more content on Helpwriting.net ... Another strategy that JPMorgan has adopted over the last decade or so has been offshoring, which is provision of services undertaken in JPMorgan's own offices/centers' of excellence, which are based outside its main operating centers i.e. in jurisdictions such as India, Philippines etc. JPMorgan can outsource/offshore its credit card services to a country in Asia such as India in order to achieve its goals of growing and expanding in a cost efficient ... Get more on HelpWriting.net ...
  • 9. Essay on The Five Phases of a LPO Relationship The Five Phases of a LPO Relationship A new model of legal outsourcing is radically reshaping the role of different business functions such as human resources and call centers. Combining the benefits of cost reduction and process re–engineering, the LPO model maximizes ROI at an accelerated rate. A systematic planning and execution framework helps deliver the expected value. Your board says we have to keep containing costs. Or we must become more competitive. Or we must increase the performance of our workforce. Or we must define our corporate LPO strategy. Where do you start? Developing the conceptual model for business outsourcing is relatively easy as compared with legal outsourcing. The difficulty lies in executing it. Why? For the ... Show more content on Helpwriting.net ... Preparing for this transition to a supplier what were core processes requires substantial upfront planning. The steps include: Research and education on the legal process being outsourced Market intelligence to assess what competitors are doing Benchmarking the current process against the best – Goal: understand, improve, design, build, and source more cost–effective business processes Perform risk analysis Assess your own process core competencies Customizing and implementing technological requirements such as e–discovery, litigation & pleading support Software Set the destination – what constitutes success? Evaluate total cost of engagement (gross margins, operating costs, taxes), Including infrastructure, management, knowledge capture, and training costs. Phase 2: Planning LPO contracts should be long–term; hence, a projection into the future is imperative. Several factors such as the policy scenario, the quality of infrastructure, security and human capital, and the location of facilities can affect long–term outcomes. Following are some activities companies should plan to complete before outsourcing. Review existing processes. Develop key improvement objectives. Decide which services & process to outsource. Perform a cost benefit analysis. Determine the ideal best–shore solution for
  • 10. ... Get more on HelpWriting.net ...
  • 11. The main threat of IS/IT Outsourcing Essay Question 2 Assess the main threat of IS/IT outsourcing and put these possible threat in order based on important. Justify your answer. Companies outsource are to avoid a certain types of costs. Among the reasons companies elect to outsource include the avoidance of regulations, high taxes, high energy costs, and costs associated with defined benefits in labor–union contracts and taxes for government–mandated benefits. Perceived or actual gross margin in the short run incentivizes a company to outsource. With reduced short–run costs, executive management sees the opportunity for short–run profits, while the income growth of the consumer base is strained. This motivates companies to outsource for lower labor costs. However, the company may ... Show more content on Helpwriting.net ... This often requires the assimilation of new communication methods such as Voice over ip, Instant messaging, and Issue Tracking Systems, new Time management methods such as Time Tracking Software, and new cost– and schedule–assessment tools such as Cost Estimation Software. Quality of service (QoS) Quality of service is best measured through customer satisfaction questionnaires which are designed to capture an unbiased view. Language skills In the area of call centres end user experience is deemed to be of lower quality when a service is outsourced. This is exacerbated when outsourcing is combined with offshoring to regions where the first language and culture are different. Foreign call centre agents may speak with different linguistic features such as accents, word use and phraseology, which may impede comprehension. The visual cues that are missing in a telephone call may lead to misunderstandings and difficulties. Security Before outsourcing, an organization is responsible for the actions of their entire staff, sometimes a substantial liability. When these same people are transferred to an outsourcer, they may not even change desks. But their legal status changes. They are no longer directly employed by (and responsible to) the organization. This creates legal, security and compliance issues that are often addressed through the contract between the client and the suppliers. This is one of the most complex areas of outsourcing and sometimes involves a
  • 12. ... Get more on HelpWriting.net ...
  • 13. Essay on Offshore Outsourcing Offshore Outsourcing Currently, it has been reported that many of our jobs, as much as one out of every three private–sector jobs are being sent overseas. What is offshore outsourcing? Outsourcing occurs when a firm subcontracts a business function to an outside supplier. Outsourcing is mainly the result of companies who will always pursue the lowest–cost structure, which means less skilled work will move out of the U.S. to emerging economies. Many believes that this is a good thing, because living standards around the world will rise, and workers in developing nations will get new and higher–paying jobs, and consumers in the U.S. will be able to buy products that are cheaper than if they were made at home. ... Show more content on Helpwriting.net ... This positive change in our economy now has many economists believing that the same process is going on in services. Why offshore outsourcing? Many businesses have turns to offshoring as a way to boost their profits. The most obvious benefits of offshoring for the businesses and English–speaking destination countries are the lower wages in foreign countries such as India, China, Korea, Philippines, etc... which translates into significant savings and often, improved quality. Offshoring doesn't just benefit businesses alone, a recent McKinsey Global Institute study notes that offshore outsourcing will allow America to capture economic value through multiple channels: Cost savings: For every dollar of spending on business services that moves offshore, U.S. companies save 58 cents. The savings from reduced costs means more savings, which can be passed to consumers or to investors to reinvest. New revenues: Companies that provide offshore services need goods and services themselves, ranging from computer and telecommunications equipment to legal, financial and marketing expertise. And often they buy these from the U.S. companies.
  • 14. Repatriated earnings: Many offshore service providers are in fact U.S. companies that repatriate earnings. ... Get more on HelpWriting.net ...
  • 15. A Short Period Of Declining Demand Following the 2008 recession and a short period of declining demand, the outlook for outsourcing and off–shoring showed an increasing trend for the foreseeable future. As companies realign their strategies to better compete in the world stage, the projections indicate that this practice will grow over different dimensions including function, services and geographic locations (Deloitte, 2014). The main benefit for the companies that use outsourcing and off– shoring is the positive impact it has on their bottom line. Companies usually outsource services or functions to undeveloped regions of the world where wages are much lower and regulations are weak allowing them to realize savings and lower costs, which are probably unattainable if carried out in their home countries. The ability to offload secondary functions or competencies to third parties allows companies to concentrate in their core processes and maintain or create a competitive advantage. Other benefits include getting access to skills and capabilities not available in–house, more operating flexibility and the ability to lower operating risks by delegating activities to third parties (Dinu, 2015). The above are some benefits cited by firms regarding outsourcing, but as it is common with all activities there are negative side effects. The increase in investment risks, including operating and more importantly reputational risk. Poor selection of vendors, lower quality standards and security gaps for confidentiality ... Get more on HelpWriting.net ...
  • 16. Disadvantages of Business Process Outsourcing Essay In the recent decade, Business Process Outsourcing (BPO) has become a usual business phenomenon from a new business strategy in the bank industry around the world. Banks are increasingly outsourcing more activities to third parties and relying more heavily on vendors now more than ever before. (Deloitte, 2012) The Swiss bank UBS is not an exception. Since UBS set up the UBS India Service Centre in Hyderabad in 2006, parts of its back–office and middle–office functions have been outsourced to lower–cost places during the following years, such as India, China, Philippine and Poland. Most recent news says that UBS will begin outsourcing its fixed income trading platform to two technology groups in an attempt to save costs. (Reuters, 2014) ... Show more content on Helpwriting.net ... BPO that is contracted outside a company's country is called offshore outsourcing (Tas, J. & Sunder, S. , 2004) Offshore outsourcing represents one aspect of how globalization is occurring in the current economies. Globalization is the interdependency of transportation, distribution, communication, and economic networks across international borders. (Gibson, Ivancevich, Donnelly, Konopaske, 2009) It means that the labor supply market is globalized and that cross–cultural management can become essential and more important than ever before. BPO is not simply moving jobs to a distant country and starting saving cost right away. BPO in the banking industry requires bank to provide on–site training, which normally takes from three months to a full year. (Overby, 2003) The training is a knowledge transfer process from one organization to another, which is necessary and critical to make sure the work can be transferred from onshore to offshore people smoothly. It's a significant stage of outsourcing implementation, which may determine outsourcing will be a success or not. Below case shows how the offshore outsourcing is occurring during the implementation stage. Team A is UBS investment banking operations located in UK. It is planed to be offshore outsourced to an external company located in a foreign country. A team of offshore workers came to UK and started to learn tasks sitting beside their onshore partners ... Get more on HelpWriting.net ...
  • 17. Advantages And Disadvantages Of BPO The result of incredible improvements which has taken palace in communication infrastructure and significant cost reduction of global telecommunication costs all over the globe due to massive penetration and development of this industry , offshoring and outsourcing have scaled new heights (Blinder, 2006; Levy Business Models of BPO In a study which got widely cited too, Grover (1996) identified three categories of target outcomes from outsourcing namely (i) economic (cost savings) ,(ii) technological and (iii) strategic. While these indicators being very truly valid alone is not sufficient enough unless otherwise inherently combined to exist with a multi–stakeholder perspective to result in offering enduring satisfaction levels to the... Show more content on Helpwriting.net ... Cullen (2005) expressed that organisations invariably always face an inestimable number of choices which is a source of constant conflict. Other authors while referring specifically to BPO, describe it as a dizzying set of evolving choices around such matters related to sourcing locations, various choices in engagement models, types of service offerings by vendors (Lacity, Willcocks and Rottman, 2008). This model inturn comprehensively emphasises on the most likelihood of changes over time reinstating the compelling need for an active BPO lifecycle management asking for a realistic foundation for offshore any BPO strategy design. To throw more light on this aspect , there are complex trends existing towards any offshore sourcing strategy in terms of choosing higher skilled and it would be tremendously difficult to codify business processes .Levina and Su, 2008 reminds us that organisations are likely to develop a BPO strategy that involves formal controls around transfer of client–centric knowledge. This category of BPO requires for its success that client organisations and their outsourcing suppliers (which may include an offshore captive centers also) to develop deep trust, effcicient and effective collaborations which makes the investment jointly in knowledge management by both the parties(Lee, Huynh ... Get more on HelpWriting.net ...
  • 18. Outsourcing : Outsourcing And Outsourcing Outsourcing, and in particular offshore outsourcing, is absolutely necessary and helps our country 's economy. Outsourcing helps a company focus on those things it does best and hence increase its "top line" revenues while reducing costs. Outsourcing has provided organic growth to the United States corporations and enabled them to compete more effectively in global markets. This paper seeks to explore what outsourcing is, what the difference between outsourcing and offshoring is, what effects it has on individuals, firms, countries and the world as a whole, the controversy surrounding outsourcing, trends of outsourcing and the necessity for it. Outsourcing refers to sending any type of work that a business would otherwise be completed ... Show more content on Helpwriting.net ... For example, Wyeth Pharmaceuticals outsourced its clinical–testing operation to Accenture Ltd. in 2004 (Engardio, Arndt, & Foust, 2006). Even the local city and state government also outsources services like infrastructure to build roads, toll booths, and health care, trash and snow removal. Outsourcing can free up government agencies to focus on strategy, planning, and core functions they perform best and governing the people. Outsourcing is more prevalent than you might know, and it is very vital to our economy. Offshoring or offshore outsourcing is the relocation of a business process from one country to another. For example, a business in the US could outsource work to a contractor within the US which is outsourcing. If the business instead outsources the work to a foreign contractor like in India or the Philippines, it is called "Offshoring". While outsourcing is used to access contractors with advanced skills locally for short term projects or to speed–up the projects for completion, offshoring is used basically to reduce the cost than in–house staff for a task or a process. Firms offshore anything that could be from simple customer care to more critical operations like research and development (R&D), total information technology (IT) management, and new product development. Even though these may seem like core competencies, some firms still outsource them, so ... Get more on HelpWriting.net ...
  • 19. Outsourcing Is An Alternative For Modern Economic Development Outsourcing has become an alternative for many major companies as a way to not only manufacture products in other countries, but also employ and develop jobs in other countries in which reality should be available in the United States. Outsourcing as it may seem beneficial to the companies that employ it, actually harms the economy by decreasing the job market that is present in the United states. Offshore outsourcing has a strong potential to affect a variety of jobs ranging from low paid low and skill jobs to high paid and skill jobs. A princeton economist had predicted that about thirty to forty percent american jobs can be offshored in the next ten to twenty years (Institute, 2015). Specifically, informational technology jobs is field that has been targeted to be outsourced in the past, present, and future. A study from the Center for Urban Economic Development found that U.S. imports of business, professional and technical services increased their outsourcing by seventy seven percent in the years of 1997 and 2002 (Offshoring vs Outsourcing, 2015). With the large number of jobs that could move offshore in the future, there is the potential for an increase in the number of jobs moving to other countries, specifically informational technology jobs. This in return would result in a negatively affecting United States jobs and its economy. A major risk outsourcing costs is the reduction of overall human capital levels in this country (NY Labor, 2010). This means the amount ... Get more on HelpWriting.net ...
  • 20. Causes Of Layoffs In The Animation And Video Game Industry Animation and Video Games allow many of us to disconnect from our daily lives in order to enjoy an experience that can take us to grand new worlds and gives many people the opportunity to connect with charming and unique characters. Generally, this is considered to be a good thing, however many people fail to realize that the industries behind these forms of entertainment are subject to the same pitfalls that befall most businesses. This means that these industries are subject to things such as supply and demand, bankruptcy, and the outsourcing of jobs. These are the leading causes of the biggest problem in these specific industries currently which is layoffs. Unfortunately, this means that many individuals are unaware of how prominent layoffs are in the Animation and Video Game industry along with their underlying causes as well as how such actions can affect the lives of the individual artists who are responsible for creating the content that brings joy and happiness to many of our lives. One of the primary causes of layoffs in the Animation and Video Game industries is how many studios rapidly hire talent either in anticipation for a future production. An example of this is alluded to in a 2002 Daily Variety article that covered the topic of the then recent layoffs atWalt Disney Animation Studios, which stated "Just three years ago, Mouse employed 2,200 animation staffers. But a brief surge in toon interest among Hollywood majors quickly crested and a series of ... Get more on HelpWriting.net ...
  • 21. Offshoring Benefits Many business executives believe "offshoring" to be the destiny of any company that wants to remain competitive. Labor costs can be reduced by 25–30% or more, and companies across the country are doing it. How can responsible corporate officers not consider the offshoring option for their companies? But what are the real benefits and the pitfalls of offshoring? When does it make sense to pursue outsourcing, and how can you safely take advantage of lower cost resources in other countries without risk or loss of quality? Background: Moving jobs to cheaper work forces is nothing new. Even as recently as a few decades ago, significant segments of the manufacturing sector were transferred to locations such as Mexico, where labor was cheaper. Although... Show more content on Helpwriting.net ... Know what you want to accomplish and how much it should cost you. В· Offshore non–critical functions: Maintain the integrity of your core competencies by offshoring only non–critical functions. And start small. Just as you wouldn't jump in too deeply with a domestic company before gaining some history and confidence in the company, so should you be similarly cautious with offshoring partners. В· Know what to offshore: Software development, data entry, and transaction processing have been successful; customer service and voice interaction are more risky. В· Choose the right location: The type of work being outsourced will influence the location. India has gained a reputation for software development. Between 2003 and 2004 it has seen over a 30% growth in software and IT service exports, and by the year ending in March, 2004, Indian companies have earned $12.5 billion in technology exports. But India is not the only source of reliable but inexpensive labor. Countries such as China, the Philippines, Romania, Argentina, and even Ghana and Ireland are all centers for offshore operations of various ... Get more on HelpWriting.net ...
  • 22. Assess The Difference Between Outsourcing And Offshoring Initially, the purpose for offshoring was due to producers wanting to lower fixed costs and also seeking lower waged workers. By moving job duties abroad, producers were also able to avoid unionized workers (Gupta & Sao, 2009). In recent years, offshoring has also become popular in higher waged jobs such as software development. Outsourcing is very similar to offshoring, where a firm purchases inputs or services from another firm, but the firm is also located in the United States (Harrison & McMillan, 2006). A staffing agency is an example of outsourcing. A company is assigned by a client, and employees of the staffing company work directly with the employees of the client (Houseman, 2007). The subject of whether outsourcing and offshoring ... Get more on HelpWriting.net ...
  • 23. Outsourcing D Herbs There's a few method that can be implement in D'Herbs to overcome challenges they faced. One of the most critical methods is by outsourcing. By outsourcing, they could just focus only in creating better products to meets customer needs. Where, other departments in the company are outsourced. Company gained competitive advantages through real or actual value to customers that they provided. The organizations must know their products, services, customers, competitors, industry, related industries, and environment forces in determining how IT can provide them with competitive advantage. Not to mention, they also need to have understanding about how IT can boost value for each of the areas. There are three characteristics of resources that give the firm potential in gaining competitive advantage. The three characteristics are value, rarity, and can be obtained. Value, rarity, and can be obtained, are used to characterize resources that contribute to initial competitive advantage. To sustained competitive advantages, the resources must be imitable, imperfectly mobile, and have low substitutability. Imitability is, whether other will be allowed to imitate or copy the resources. Mobility is the easiness of an organization to acquire the resources to imitate. Example of it, are hardware and software that are easily obtained. Finally, substitutability is the ability of others to make use of substitute resource. Outsource development, or outsourcing, can happen when a third party were ... Get more on HelpWriting.net ...
  • 24. Outsourcing to India: Is the United States benefiting... Outsourcing to India: Is the United States benefiting from it? I. Introduction "Did you hear the news? No, what happened? We are shipping all of the IT jobs to India ..." Water cooler conversations are beginning to sound more and more like this. Outsourcing of jobs has become a major concern for employees at large corporations (technical or financial). The economic drought that the United States faced in 2000 to late 2001 led to numerous cost–cutting measures, but none more effective than that of outsourcing. The outsourcing of jobs is now a necessity in the United States, so companies are forced to send jobs to places such as India to keep costs down, all the while trying to balance the advantages and disadvantages of the move. ... Show more content on Helpwriting.net ... Other services that are currently being outsourced fall under the category of business process outsourcing (BPO) which includes payroll, billing, accounting, telemarketing and call centers. At this rate, almost every corporation will have main operations being done in a foreign country with management staying in the United States. When should you outsource? If you are losing focus on your core business because you are too busy handling operations or if you are facing a time, money or human resource crisis, outsourcing is a solution[2]. Outsourcing can also allow you to be the first one in your market to gain that important edge to put you over the top. However, the main reason for outsourcing is that a mission–critical project needs to be finished, but there is a lack of specialized personnel to finish the project. Outsourcing is not done only to save money, but because the specialization is necessary for certain products. Where should you outsource? When companies are thinking of where to outsource, the first answer is India. This is because India has an abundance of technically skills people who are in need of employment. Corporations such as Intel, IBM, Cisco, Amazon, and Dell have already seen the benefits of outsourcing to India. The most common place to outsource is Bangalore, which is often called the Silicon ... Get more on HelpWriting.net ...
  • 25. Offshoring: Threats To The US I would agree with the special report when it says that outsourcing and offshoring are not threats to the US. However, I do think that there are disadvantages to outsourcing and offshoring. Outsourcing and offshoring were originally made for countries to save money in production and labor costs; now places like China and India, the counties that US companies were offshoring too for cheap labor aren't as cheap anymore. The special report examines some of the disadvantages of outsourcing and offshoring. These disadvantages include: high shipping costs, long transportation time, weakening innovation, and supply chain risks. The biggest known threat that comes hand in hand with outsourcing and offshoring is loss of jobs. But, I don't think that ... Get more on HelpWriting.net ...
  • 26. Offshoring 1.)Do you agree with the opinion of The Council of Economic Advisor's claim that "When a good or service is produced at lower cost in another country, it makes sense to import it rather than produce it domestically? Offshoring has its advantages as well as it disadvantages, as most business decisions do. It is the weighing of those two leverages that make the debate of offshoring such a conflict. Offshoring reaps many benefits for companies. For starters, offshoring allows companies to stream their productions globally. With this they may then begin to cut cost of goods to a lower rate to increase the demand, a plus for both the company and it's consumers. This investment also acquires new customers and even puts the companies into new market... Show more content on Helpwriting.net ... Political stability in offshoring is a tough aspect. It can often be a deal breaker for a company when deciding where to set up offshoring positions. No company wants to establish such an investment for it to be nationalized or worse threatened by a foreign military strife both internationally and externally. For example, many companies want to set up offshoring in India due to their high education level however it is hard to do so with political issues taking part in the decision making. At this time in India, the government is struggling financially. They continue to have money issue daily due to lack of documented regulations that could prevent chaotic situations from forming. This makes American companies weight the benefits and conflicts if they are to set up business within India's jurisdiction. On top of this questionable factor, American companies have to also consider the conditions of the area in which they would be residing in. As minor as it may seem, the factor of the conditions of desired area effects the companies. In India, the area is a bit rough compared to American land. The power networks, roads, and transportation system face a huge demand to be re–established. The government has recognized the issue and has begun funding the restoring (Pg.9). Dejectedly, it has been estimated to cost about $45 billion in public and private sector investment (pg. 9). At this price is it even worth the uprooting, probably ... Get more on HelpWriting.net ...
  • 27. Offshoring Essay The underlying cause of the great exodus of American businesses leaving the United States to open their headquarters abroad is the existing US tax codes. The United States is taxing our businesses to death, Burger King has even left the US to set up their headquarters in Canada. Numerous pharmaceutical companies have also left the US to open its doors abroad. In the last ten years 47, companies have left the US for lower taxes, also known as inversion or offshoring. (CNN) Lawmakers and regulators over the years have made the requirements more stringent after the exodus of many high–profile companies. Some of the companies that have decided to leave the US are Fruit of the Loom, Seagate, and Tyco. They have relocated a portion or in some cases all of their business to overseas locals. Locations that have been privy to the onset of the US's losses are the Cayman Islands and Bermuda. (CNN) But with the trend seemingly on the rise, some say it is time for yet more stringent requirements. Among them is Rep. Sander Levin, a senior Democrat whose office distributed the CMS report. It is true that inversion can yield significant tax savings, but in the wake of inversion, the U.S. is dying a slow death economically. One of the most recent deals, for example, medical device giant Medtronic (MDT) moved from Minneapolis... Show more content on Helpwriting.net ... Although, this issue has been on an increasing rise, it is still not getting through to the government, they seem to have blinders on, and assume that by meting out more stringent penalties, this will change the convergence of inversion. Their tactics have actually made the state of affairs far worse, thereby, giving businesses no other option of survival. In an already declining economy, the government's actions or inactions, to correct these offenses have increased an already dire ... Get more on HelpWriting.net ...
  • 28. Offshore Outsourcing Essay Abstract This paper will discuss offshore outsourcing and the effects it has on the American worker in a technology environment. We begin with the scope of the problem and how it has changed the economy for better and for worst. Various figures representing miscellaneous data about off shoring will be represented. The topics include the background and nature of offshore outsourcing, reasons for outsourcing, why trading promotes gain, current economic standing from outsourcing, and finally how outsourcing affects wages and employment. In the summary various solutions and ideas are given to propose a change to the industry in hopes that the American worker will be more prosperous from an economic standpoint.Introduction ... Show more content on Helpwriting.net ... highly dependent on other countries. If those countries decide to cut the cord, there will be no product creating a loss. Many new proposed laws for 2011 are in the workings to minimize these issues, with regards as to how the government would like to handle them. Outsourcing in the near future will be focused on smaller projects while using more suppliers. A reduction in large contracts is the goal for many, which in turn will leave more opportunity for entrepreneurs and even larger organizations. The benefit is, more options will be available and the contracts can be closely manipulated for the good of others. Offshore Outsourcing in Technology with Regards to the American WorkerDisposition of Offshore Outsourcing The United States is one of the largest powers in the world when it comes to offshore outsourcing. However, many economists wonder if it is actually beneficial or destructive to the American workforce. One of the more predominant reasons outsourcing has become popular is due to overall savings of costs. These cost savings have proven to raise overall productivity, and have allowed everyone fromsmall business owners to corporate giants to advance into the next generation of technology. Some economists classify offshore outsourcing as international trade between countries leading to a large profit margin for both parties included. Gregory Mankiw is an American Macroeconomist that ... Get more on HelpWriting.net ...
  • 29. Can Brazil Become a Global Competitor in the Information... Minicase: Can Brazil Become a Global Competitor in the Information Technology Outsourcing Business? 1. Use the theories of international trade and investment that have been presented in this chapter to help explain Brazil's intentions and actions regarding the international information technology sector. The IT Service industry has expanded rapidly. Many companies worldwide have made the decision to outsource this industry to offshore companies. Worldwide demand has increased growth to 40 to 50 percent on an annual compounded rate basis. Many developing nations like Latin America and Asia have made an attempt to obtain some of the IT offshoring business from countries like the United States because it is seen as not only a source for ... Show more content on Helpwriting.net ... The aggregate total of these strengths have meant that large US based corporations like IBM, Accenture, Hewlett–Packard and many more have expanded their IT offshore activities to Brazil. 2. What recommendations would you give to the Brazilian government and its outsourcing industry in order to improve their prospects for success in building a strong international competitive position in the information technology outsourcing business? Brazil does have some weaknesses that need to be addressed in order to effectively sustain growth in this fast–growing market. I would suggest that attention and subsequently, investment be given to the country's sources of electricity generation. There have already been many issues with electrical failure resulting in brownout and even blackout in some areas. There should be free classes offered in English for their potential IT candidates as well in order to increase the chances of success in this market. Experience in dealing with international markets and clientele is also needed. I would suggest some training classes that allowed for these issues to be addressed in addition to some hand–on, travel based training to see first–hand the sectors and markets in which they will ... Get more on HelpWriting.net ...
  • 30. Developing A Rationale And Process For Selecting Individuals Developing a rationale and process for selecting individuals for a layoff is no easy task, and it is fraught with legal and ethical pitfalls (Fallon and McConnell, 2007). Layoffs can result from a wide variety of economic, societal, and technological change. Whenever possible, alternatives to layoffs should be fully explored and considered. Alternatives to layoffs include force reductions through attrition and eliminating any part–time positions in favor of retaining full–time employees. Early retirement is also an option as many employees may be willing to leave the workforce voluntarily with an incentive. Pfadenhauer (2009) recommends making any layoff decisions by analyzing future organizational needs and not by considering any ... Show more content on Helpwriting.net ... Fallon and McConnell's (2007) model advises that part–time employee positions should be eliminated before full–time employees. However, I would be cautious in releasing part–time employees whose often increased flexibility could be extremely useful in transitional times within healthcare organizations. Part–time float pool healthcare providers are often experienced and competent in many areas and could be a valuable tool in helping to provide coverage as employees naturally leave due to job security concerns. Releasing these valuable part–time employees could be detrimental to the overall functioning of a healthcare organization. In addition, I would offer part–time positions to staff members who were willing to make the transition to part–time from full–time. There may be employees who would be interested in transitioning to a part–time position as they approach retirement age or have increased family obligations. As Fallon and McConnell (2007) report, the entire purpose of an organization undertaking a layoff is to become more efficient. This requires that the best personnel be retained and placed in positions in which they are most efficiently utilized. Fallon and McConnell (2007) point out that this is unlikely to occur in a perfect manner. However, focusing on job descriptions and performance related information can be very helpful, and these factors would help build the foundation for any layoff determination model I would create. ... Get more on HelpWriting.net ...
  • 31. Asset Light Strategies Are the Only Way Ahead for... Topic 6: "Asset light strategies are the only way ahead for international hospitality companies." In the topic asset light strategies refers to international hospitality companies owning less assets. Assets are "items of economic value owned by an individual or corporation, especially that which could be converted to cash" (www.investorwords.com). The various different strategies international hospitality companies use in order to 'lighten' their assets could be by franchising, management contracts and offshoring (also known as outsourcing). Each of these strategies will be explained in depth throughout the essay. The reason why businesses would want to have fewer assets is because they want to get out of having asset–heavy balance ... Show more content on Helpwriting.net ... The operator runs the hotel for a fee according to specified terms negotiated with the owner; the most common of these terms are described below in more detail" (www.hospitalitynet.org). However by hospitality companies using management contracts to run companies then they can gain from economies of scale, gain brand recognition and obtain a global reservation system. Alternatively there are some downfalls to management contracts such as conflict of interest (Outcome and behaviour control). "Outsourcing is a business process term for what has literally become known as hiring a consultant, independent contractor, or freelancer to do a specific task or tasks for an organization in which the organization either does not have the time or the expertise to do on their own" (www.internetbasedmoms.com). Outsourcing is commonly said to be the same as offshoring but with the increase in globalisation the distinction between the two has and will become less overtime. Outsourcing is commonly used in business segments such as real estate management, human resources, facilities, accounting, information technology and in this case in the hospitality industry. In the hospitality industry, more specifically in hotels functions such as "Reservation/ Loyalty Contact Centres; Distribution; Fulfilment; ... Get more on HelpWriting.net ...
  • 32. Telstr Advantages And Disadvantage Of Offshore Outsourcing III)Internal Issues Offshore outsourcing is becoming a part of daily business operation for many companies, including Telstra. There are several internal factors, including advantages and disadvantages that affect Telstra moving numerous jobs to overseas. 1)Advantages of offshoring a)Cost Differentials The primary factor of offshoring is the cost differences comparing between Australia and the offshore countries (Holmberg et al 2006, p. 1). Offshoring assists Telstra to diminish overall transaction costs and labor costs by operating certain business activities at offshore locations at a lower cost. The capital costs on the technological and organizational expertise at the beginning when Telstra offshores must be required, however, the... Show more content on Helpwriting.net ... However, the demand of Australian for IT degrees over the last 10 years was decreased and the completion rates were low, this led to a shortage of IT and communication technology talents in Australia currently (Aynsley 2015). This could be the reason of high labor costs in Australia, especially in technology fields and the reason why Telstra and other companies moving jobs offshore. Offshoring is an opportunity for Telstra accessing to valuable resources: talented human capital, capabilities and innovation (Lewin et al. 2009). The best choices for ITO and BPO that Telstra is concentrating on are India with strengths in IT, Philippine with specialization in English contact centers and Malaysia with potencies in software development and R&D (Ellis 2013). All of these countries are low–wage countries, and there is a large number of highly skilled IT and telecommunication labors finding jobs, therefore it is perfectly valuable for Telstra to get into these markets and employ talented staffs at the cheap ... Get more on HelpWriting.net ...
  • 33. Human Resource Management : An Essential Function Human resource management is an essential function in organizations dedicated to improve or maximize the performance of the labor force of the whole organization or to support a company's strategy in achieving its target goals such as profitability. HRM is fundamentally concerned with the development and management of the employee within corporation. HR missions are fulfilled by trained professionals and HRM is usually referred as "involving people practices" (Noe et al., 2015) since an entire functional group is dedicated to the discipline, policies, functional leadership engaging and strategic decision making. However, HRM department is usually effected by strategic business issues of the organization for certain reasons such as reducing cost, increase profitability or economic downturn. Among a few factors of strategic business affecting HRM, downsizing and international expansion will be explained in this report. Downsizing – Downsizing occurs when a company permanently reduces its number of employees on the operating payroll. Organization downsizing is often due to poor economic conditions or the company need to cut costs to maintain profitability. Downsizing usually refers to corporate restructuring in order to increase profit and maximize efficiency (Doyle, 2015). Downsizing results in layoffs that are often followed by other reengineering changes, such as branch closings, departmental consolidation, and other forms of cutting pay expenses. International Expansion – ... Get more on HelpWriting.net ...
  • 34. Which Determinants Influence Foreign Investor's Offshore... FIRST CHAPTER 1.1.Research Background and Motivations In today's competitive business world, to increase global business,consumer demands as well as expands market size offshore outsourcing has become a common movement. Due to forceful competition, diminution product life cycle, changing consumer taste, preferences and sensitivity, progressing new knowledge, innovation, learning and technology and stakeholder's enthusiasm companies, at present, continuously need to revamp their value chain (Bertrand, 2011). In this scenario, many multinational companies are refurbishing their value chain which is happening in doing business internationally (Doh, 2005; Holm, Eriksson & Johanson, 1996). This has helped for providing them to access to ... Show more content on Helpwriting.net ... Therefore, the main objective of this study is to realize the effects of offshore outsourcing decision to low–labor–cost country like Bangladesh in order to gain competitive advantage and maximum profit. It seeks to investigate two main areas– i)Identifying the determinants of outsourcing decisions to Bangladesh ready–made garments. ii) Investigating the effect of these determinants on outsourcing decision 1.4. Contribution of the Research The contributions of this study appear from different observation or views. The contributions of this study mainly from two viewpoints, that include– Theoretical Contribution: 1.This study will deliberate and explore the various theories and theoretical framework of determinant influencing offshore outscoring decisions which will assist the further researcher to create and design their ideas as well as to build new theories clarifying new perceptions of offshore outsourcing. 2.This study will expand the existing literature of offshore manufacturing outsourcing, and focus on the offshoring activities from Bangladesh. Practical Contribution: 1.The managers or executives will get an idea about a comparative offshoring destination to find out their appropriate suppliers for manufacturing activities. In this regard, obviously Bangladesh with an abundance of relatively low cost, effective and skilled labor force can offer attractive outsourcing ... Get more on HelpWriting.net ...
  • 35. Advantages And Disadvantages Of Outsourcing And The... also can sustain the organizational goals with gaining a highly skilful employees. Lastly, in other to produce a skilful employee from fresh graduate, Proton implements an internship program for graduate trainees, in order to maintain the best employees in the future. oInformation Technology Strategy In chapter 8, corporations are majority using informationtechnology strategy in order to provide business units with competitive advantages. This proven by many researchers had identified opportunities of information technology in creating competitive advantages. According to Rockart and Scott Morton (1984), the opportunities are information technology able to improve each value adding function, link with customers and suppliers to increase ... Show more content on Helpwriting.net ... Other than that, Outsourcing is practice utilized by various organizations to diminish costs by exchanging segments of work to outside suppliers as opposed to finishing it internally. Outsourcing also is a successful cost–sparing technique when utilized appropriately. It is once in a while more reasonable to buy a decent from organizations with relative focal points than it is to create the great inside. For example, PROTON and MITSUBISHI Joint production of engines in Malaysia, Consignment production of MMC–brand vehicles at Proton facilities, Sharing of major parts and components between MMC's "Global Small" and Proton's upcoming "Global Small Car", Provision of MMC's future tech such as electric, plug–in hybrid and hybrid vehicle technology, its clearly shows that PROTON use the outsourcing. Other than that it also prove by According to the statement, Proton and MMC had "jointly proceeded with feasibility studies since late 2010" to identify these areas of collaboration that improves global competitiveness for both parties. We previously heard that Proton was talking with Nissan on collaboration, but it's clear now that it didn't work ... Get more on HelpWriting.net ...
  • 36. Xerox Is A Leading Business Process Outsourcing 1: Frame: A: Overview Xerox is a leading business process outsourcing and document management technology and services firm operating out of 180 countries around the world. In 2014, Xerox reported year end revenues of $19,540 million, down 2.3% from 2013, and a net profit of $969 million, up 17.7% from 2013. Xerox's operations are broken down in to several main segments: Business Process Outsourcing (BPO): Xerox business process outsourcing services provide support functions such as customer care, transaction processing, finance and accounting, and human resources to a broad range of firms and organizations. The BPO services segment is focused on providing support functions to select business groups and industries including healthcare, commercial industries, public sector, and government healthcare. Through its healthcare provider solutions, the firm supports health providers operating in varying capacities to better access patient data, comply with industry regulations, reduce administrative costs, and provide better healthcare services. To commercial and public sector entities, Xerox provides support with transportation and logistics, electronic toll collection, parking management, health and human services, administrative support, and various taxation related functions. Xerox also offers many of these services across major global markets. Document Outsourcing: In its document outsourcing capacity Xerox offers both managed print services and centralized print services. ... Get more on HelpWriting.net ...
  • 37. How Much Does It Cost to Save? Essay How Much Does It Cost to Save? The impact of software development offshore outsourcing has many economic and social impacts. Economically, India is thriving with GDP growth accelerating exponentially including having the potential to achieve double–digit growth.1 Meanwhile, in the United States, the numbers relating to developer jobs are quite the opposite. Most figures suggest that by 2015, roughly 3.3 million business–processing jobs will have moved abroad. As of July 2003, around 400,000 jobs already had.2 Socially, job loss has many strong emotional implications. Job loss due to cost cutting measures coupled with the dot–com layoffs in Silicon Valley conveys an outlook for finding a technical position quite bleak. In ... Show more content on Helpwriting.net ... In order to compete, US developers would have to take a reduction in salary. This conflicts with the cost of living in places like Silicon Valley. Cost cutting though ultimately has many benefits for companies and individuals as it opens up other opportunities and investments. Silicon Valley firms have used resources freed up through offshore production to develop new products, new industries, and new employment opportunities.4 A Silicon Valley engineer may not like the opportunities that come up because ofoutsourcing, but they are there. Gregory Mankiw, chairman of the White House Council of Economic Advisors, feels that "there will be jobs in the future because this is a vibrant economy, a dynamic economy."5 Mankiw's support for outsourcing is without a doubt supported by financial analysts in India. A member of Delhi Stock wrote in the India Times that Mankiw "clearly had logic and facts on his side; a detailed study by Deloitte in August 2003 estimated that approximately 356 billion of work for the global financial–services industry alone will be relocated offshore within the next five years" leading to a ... Get more on HelpWriting.net ...
  • 38. Offshoring Essay and effects of the system. 4. a lot has been said about offshoring and its effects. Questions have been raised whether offshoring is a good concept or not, who benefits the most and who suffers from it the most. Offshoring refers to the practice of moving business services to another country to reduce cost. This practice affect three parties and they include U.S employees, foreign employees and the company employing. We shall consider the social and ethical implications from the perspective of the three parties. U.S employees: Offshoring results in fewer jobs, lower pay and a lower standard of living. For the jobs that are available, they discover that they would require new job skills such as project management and would schedule meeting during the work hours of the workers in the other country. Foreign employees: it creates jobs for ... Show more content on Helpwriting.net ... The lower the price, the more the product is used thus increasing profit and customer satisfaction. We shall take a look at ethical implications from the view of the three parties by using the ethical theory of utilitarianism, where the main purpose is to increase happiness and Kant's principle about not treating people as a means to an end but rather as the ends in them. U.S employees: Is it ethical to add more weight on utilities because of their nationality? Weighing the utilities (happiness) on the amount of salary, would favor hiring U.S programmers. If a law is passed that requires paying the same amount for foreign and U.S employee, it would favor hiring the U.S employees. Foreign employee: Weighing utility by comparing the average salary between another country and the US would favor hiring the foreign workers. Also the utility depends on the availability of jobs with reasonable incomes and this would favor hiring foreign ... Get more on HelpWriting.net ...
  • 39. Outsourcing In America Over the past decade, many companies from North America have moved to foreign countries. This migration is known by many names – "runaway plants", "outsourcing", "global sourcing" and "offshoring" ("Outsourcing: What's the true impact? Counting jobs is only part of the answer."). According to Investopedia, outsourcing is "a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally" ("Outsourcing Definition | Investopedia"). Companies outsource primarily to cut cost. This mostly helps them to reduce their cost by 60 percent since labour in many Asian countries like China and India is very cheap. Even though offshoring is benefiting companies, it has negative ... Show more content on Helpwriting.net ... It is important to investigate the reasons behind this drastic shift in the plans of companies. The first and a major reason for this change is an increasing cost of operations overseas. Factory wages in China, which started at a much lower rate that other countries, have tripled in the last decade. According to the Economist, "Since 2001, hourly manufacturing wages in China have risen by an average of 12 percent a year" ("China, rising wages and worker militancy"). This is defying the sole purpose of the companies to go there and manufacture products cheaply. China's labour–cost advantage over United Sates has dropped from 55 per cent in 2013 to 39 per cent in 2015 ("Bringing the Jobs Back Home: How 'Re–shoring' Is Coming to America"). The labour accounts for just a small portion of the whole manufacturing process costs, so, the overall profit gained from outsourcing will drop tremendously. According to KPMG report, "Rising energy and transportation costs, along with added pressure on lead times and increased inflation in China have made Canada and U.S. more competitive as sourcing nations" ("Offshoring Finally Going Out Of Fashion, Survey Finds"). There is more than just labour saving behind re–shoring trend. Companies are starting to recognize the value of physical proximity. Many companies currently use virtual workplace to contact with their employees overseas to insure that everything is functioning properly. There is an emerging consensus that the virtual workplace has its limits and it offshoring has gone too far that it is hard to collaborate within the company itself ("Bringing the Jobs Back Home: How 'Re–shoring' Is Coming to America"). So, companies are planning to reduce the distance so that work can be done more effectively and under proper surveillance. There is another trend that is supporting re–shoring in Canada. The KPMG report cites that ... Get more on HelpWriting.net ...
  • 40. Will Your Job Be Exported Analysis Summary of "Will Your Job Be Exported?" In "Will Your Job Be Exported?" Alan S. Blinder argues that while offshoring (the movement of jobs overseas) will be a major problem that the next generation will have to face, we can prepare them for the future workforce by bettering the education that they will receive to accommodate the demand for personal services that the U.S. will see. Blitzer even quotes Lou Dobbs, a former political commentator for CNN, who says that offshoring will expand due to these three reasons: there are more service jobs than manufacturing (which is the job that is most offshored), technological advances, and the number of workers overseas is greater than those in the U.S. In the past, only low–end service jobs have been competing, but with the projected jobs that will be offshoring there is no limit, because it's not the skill or education that will determine what is offshored but rather what jobs ... Show more content on Helpwriting.net ... Blinder has three main points to make about preparing our workforce for the future: we need to redesign our education system, remember that the line dividing personal services and impersonal services will only move in one direction, and personal and nonpersonal jobs does not mean that one requires higher levels of education than the other. Blinder feels that the most important of these points is education, that it should be more about the kind of education the students receive and not the amount, he also believes that the motto looking forward should be "Prepare yourself for a high–end personal service that is not offshorable." Blinder believes that training students for jobs that won't be offshored, developing a creative workforce, having a tighter labor market, bouncing displaced workers back into productive employment, and more training for low–end jobs will keep America ... Get more on HelpWriting.net ...
  • 41. Outsourcing And Off Shoring Employments / It Work Force Outsourcing is characterized as the utilization of firms outside the host (outsourcing) nation to handle all non–center elements of the host organization. Each organization has some non–center capacities like HR, finance, managerial administrations and some more. An organization chooses to outsource these non–center capacities in light of the fact that the organization could lessen expenses, think about distinctive target markets, access to more talented specialists all inclusive, and so forth. The civil argument still proceeds about outsourcing and off shoring employments/IT work force. Individuals see this as the procedure of sending work outside the nation which at the end of the day implies loss of employments and more unemployment in the host nation. In my point of view, outsourcing/off shoring is useful for organizations over the long haul. Near shore can be taken as a type of offshoring where the services are provided from closest location. Similarly, onshore means to outsource internal business and projects from external sources but local companies. Offshore implies using resources of people living in different country for internal projects and services of a company. Many things come into consideration when a business wants to outsource its jobs and tasks. Factors like time duration, project size, project budget and resources play vital role while choosing to outsource internal company projects. As every coin has two sides, Outsourcing also has pros and cons. ... Get more on HelpWriting.net ...
  • 42. Pros And Cons Of Offshoring Manufacturing has become a fierce and competitive business. Shipping across oceans has become inexpensive, as has international communication, so offshoring and reshoring are vital decisions for every organization. Technology has advanced so much that it too affects that decision. Offshoring, also known as outsourcing, is the business practice of employing a party outside a corporation to perform services and manufacture merchandise that was traditionally made domestically by the company's own employees (Staff, 2017). Reshoring, also known as insourcing, is the process of returning the production and manufacturing of goods back to one's own country (Dragonette, 2016). For decades, offshoring has been occurring. As technology kept on evolving, the 1970s through the 1980s saw several manufacturing businesses send off their raw materials across the ocean, not because of skills but mainly because it had substantial economic benefits. However, reshoring has been making a comeback as it too has its advantages. But, how does one decide what's best for their company? Both offshoring and reshoring have its pros and cons over time. The most prominent advantage for offshoring has been the low cost of labor, energy, and production. For example, to save on production costs, a manufacturer of computers can buy internal components for the machines from other makers at a lower price. Customer service jobs have also played a significant role when it comes to looking for ways to reduce ... Get more on HelpWriting.net ...
  • 43. Outsourcing And Re Shoring Production A globalizing economy along with cheap telecommunications technology is making it effortless for countless occupations that were formerly invulnerable to offshoring to be sent overseas. As globalization advances, the off shoring movement is likely to escalate as well. Nonetheless, numerous manufacturing companies such as Caterpillar, Bosh, and Phillips have disclosed that they will return part of their off–shored production to their home countries.(When Manufacturing moves back 1) Throughout this paper I will discuss the politics of offshoring and re–shoring production as well as reflect on globalized production and how these concepts will play out politically. The impact of offshoring is not a new topic in the global business world. Offshoring has matured into a high–profile argument over the last few decades. As a result of offshoring, countries like the United States have exported countless jobs to foreign countries. As technology improves as well as the modernization of countries such as China and India higher numbers of service jobs will be moved offshore (The Next Industrial Revolution.) Although offshoring has delivered enormous economic benefits, it also has created a heavy political toll. Offshoring has led to increased amount of jobs and rising standards of living in for laborers in low–cost countries, rich–world workers have been able to leave the grunt work to someone else, and companies with lower labor cost have brought higher profits. Western consumers ... Get more on HelpWriting.net ...