Period 3- Shan Lin- Offshore Outsourcing

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Period 3- Shan Lin- Offshore Outsourcing

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

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