Growth Pattern of Outsourcing

In: Business and Management

Submitted By wesley22
Words 6416
Pages 26
You are to enter all answers or Prtscrn requirements into this Word Document. You are not permitted to submit any other document format, e.g., Wordpad, PDFs, etc. that is not based on this original Word document. This document contains hidden internal markers and applications that will track the version of this assignment and your assignment progress.

You MUST submit the assignments using the Word document(s) provided you. You may not use any other word processor, except Microsoft Word. Do not use Open Office DOCX files.

When an instructor has possession of an electronic document it is very easy to detect plagiarism. Many instructors use Turnitin assignments, which is applicable to assignments that permit cut-and-paste as this assignment. It is very easy to compare multiple copies of word documents (see link below). Microsoft provides a variety of FREE anti-plagiarizing tools. And there is a wide variety of tools that can analyze hidden information within a Word document (see sample link below). Changing fonts, margins and spacing does not do it anymore. Even when individuals try to artificially change content, a Word document contains hidden markers that may provide an audit trail to find previous authors and computer systems who have edited the document.

Comparing and merging Microsoft Word documents - http://support.microsoft.com/kb/306484
Compare documents side by side - http://office.microsoft.com/en-us/word-help/compare-documents-side-by-side-HA010102251.aspx
Fight crime. Unravel incidents... one byte at a time. http://computer-forensics.sans.org/community/papers/gcfa/computer-forensics-investigation-image-file-analysis_170 Why am I providing some of this detailed information? There are several reasons.
1) The real world exists outside this class. A student in this class must be aware of the dangers when organizations or individuals…...

Similar Documents

Outsourcing

...of the business • In the past, sourcing was another name for purchasing • As a result of globalization, sourcing implies a more complex process suitable for products that are strategically important The Sourcing/Purchasing Design Matrix Strategic Sourcing Continued • A request for proposal (RFP) is used for purchasing items that are more complex or expensive and where there may be a number of potential vendors • Vendor managed inventory: when a customer actually allows the supplier to manage an item or group of items for them What is Outsourcing? • Outsourcing: the act of moving a firm’s internal activities and decision responsibility to outside providers • Allows a company to create a competitive advantage while reducing cost • An entire function may be outsourced, or some elements of an activity may be outsourced, with the rest kept in-house Reasons to Outsource and the Resulting Benefits Drawbacks of Outsourcing • • • • • Layoff Hired back wages and benefits reduced Bypassing union contracts Noncore activities may become core Loss of competitive knowledge A Framework for Structuring Supplier Relationships Outlet: 10/F, World Interest Building, Kwun Tong, Kowloon, Tel: 22701263, make a phone call B4 you go Cisco Source: finance.yahoo.com Cisco In Trouble In 2001…… • Inventory cycle rose from 53.9 days to 88.3 days • Historical inventory write off in IT Biz USD 2.25 billion • Layoff 8500 staff • Steepest stock price......

Words: 2091 - Pages: 9

Outsourcing

...Outsourcing Outsourcing has been a consistent problem in the United States for years now. It has always sparked a flare of controversy when Americans now there is a job shipped overseas for cheaper labor. People bash on outsourcing saying that it is bad for or economy, however, businesses love outsourcing. The main reason why it is good for businesses is because it reduces the cost for labor. Businesses are willing to give someone a job overseas because it doesn’t cost the company as much money rather than giving a job in America. Since America has minimum wage and other countries don’t, corporations are willing to ship jobs overseas to save money. Outsourcing is also has disadvantages as well. For businesses, the quality of a product from the result of outsourcing kind of takes a nosedive. Since many firms that provide outsourcing quickly cut the quality of component parts in order to increase their margins. Eventually customers who are accustomed to believing your brand promise begin to notice that your once-great products are suddenly cheap. Also since most of the third party service providers excel at the services they provide, businesses are guaranteed of better quality than an in-house employee would give. Additionally, any service provider will always look to give the best of services since their reputation is at stake. Also another reason why outsourcing is bad is that companies may be supporting slave labor and child labor. Offshoring agreements typically......

Words: 663 - Pages: 3

Outsourcing

...Outsourcing: A Positive Perspective Abstract Outsourcing has gained a lot of recognition in the recent years. All the companies that outsource need to first access the feasibility of transferring their Business Activities. This helps in getting hold of maximum benefits that are gained through outsourcing. The U.S. has been outsourcing for many years and has benefited from Outsourcing in terms of Cost reductions and higher consumptions. Thus, Outsourcing has been beneficial both to the Market as well as the Citizens, helping to achieve a competitive edge and higher growth rates over others. Outsourcing: A Positive Perspective Outsourcing can be termed as sharing an organization's work liability with another company through certain contracts which includes conditions as well as price. With the growth of larger organizations, they choose to outsource parts of their services such as call center, e-mail, and payroll. These jobs are handled by separate companies that specialize in each service, and are often located overseas. Outsourcing helps an Organization mainly in two ways: Cost reduction and Performance Improvement, both of which increase efficiency and effectiveness. Incase of enterprises across multiple industries, an added benefit is higher customer care in all aspects of the business. Off-shore Outsourcing- the selection (Brown, & Wilson, 2005) In order to gain the maximum benefits of outsourcing one must first do the following analysis: Work Definition: The work......

Words: 934 - Pages: 4

Outsourcing

...Is Outsourcing Beneficial or Not? Tanya Billings BUS 644 Operations Management Dr. Gail Hoskyns-Long May 28, 2013   Abstract Outsourcing refers to utilizing outside suppliers to obtain goods as opposed to using internal suppliers. Companies that use outsourcing may benefit from low costing and increased profits. Outsourcing may be beneficial to the company by lowering costs. However, there are negatives associated with outsourcing such as the depletion of American jobs. Within the following text, some pros and cons of outsourcing will be discussed such as job loss, financial implementations, potential recognition, and profitability.   Is Outsourcing Beneficial or Not? Introduction Companies are constantly striving to secure the success of their business. There are many different strategies that companies use to ensure longevity such as planning for the future with capital investing or cutting costs with outsourcing. According to Keeling (1999), outsourcing is described as obtaining goods or services from an outside supplier in place of an internal source. Outsourcing is gaining popularity as it proves to be extremely cost efficient and takes away all of the problems with internal suppliers (Oza & Hill, 2007). However, there can be negative impacts from outsourcing as well such as the depletion of American jobs and disruption of the supply chain. This paper will examine the advantages and disadvantages of outsourcing to low labor-cost......

Words: 996 - Pages: 4

Geography for Growth Patterns

...Don’t blame geography for growth patterns There is a well-known economic growth debate whether geography affects growth patterns directly or merely through an indirect channel affecting the choice of economic policy and institutions. The view that geography is at the center of the story in shaping the rhythms of economic development dates back to Montesquieu and has been recently revived by Jared Diamond in his book “Guns, germs and steel: The fates of human societies.” This perspective was applied to explain long term patterns of economic growth by Jeffrey Sachs, who argues that growth is related to geographic variables like climate, disease ecology and distance from the coast (Sachs 2003). On the other hand, economists like Acemoglu, Johnson and Robinson, and Engerman and Sokoloff argue against simple geographic hypothesis and illustrate that geography can only affect patterns of growth through the choice of institutions that influence economic performance. Looking at the current situation, one can observe tremendous differences in living standards between developed and developing countries. There is a variety of explanations why economic performances have diverged so extremely. However, the two main candidates to explain the causes of the big divergence are geography and institutions. The geography hypothesis emphasizes nature forces and geography as the main factors determining economic performance. Acemoglu, Johnson and Robinson (2002), however refute this hypothesis...

Words: 1689 - Pages: 7

Outsourcing

...Outsourcing : Outsourcing is the process of contracting with another company or person to do a particular service/job. Compared to 1998, in 2005 manufacturing employment was 19 percent lower in The United States, even though manufacturing output was 10 percent higher . The drop in manufacturing employment coincided with an increase in outsourcing to domestic contractors, including staffing services and an increase in outsourcing of materials and services inputs to foreign companies or affiliates which is also known as offshoring. A number of companies had recently signed or were expected to sign billion-dollar outsourcing deals. Topping the list were Xerox Corp. with a $4 billion plus outsourcing deal, and McDonnell Douglas and General Dynamics,with $3 billion deals. Advantage of Outsourcing to Other Countries : China Over the years China has become the choice of destination for manufacturing and supply chain outsourcing and material supply for many organization in America, Europe and Asia. Companies continue to receive several key benefits when outsourcing current business processes to China, such as: Gowth in Economy - China is the fastest-growing major economy in the world, and has had the fastest growing major economy for the past 30 years with an average annual GDP growth rate over 10%. Cost: The main reason U.S. businesses give for outsourcing is to remain competitive by cutting costs, especially wages. With China’s population well over one billion,......

Words: 1385 - Pages: 6

Outsourcing

...1.0 Introduction First of all, outsourcing can be regard as finding an outside or external vendor to conduct all or certain part of an organisational activity and this method is usually practiced by Transnational Corporations in their business operations due to cost constrain (Ashley E, 2008). (Please refer to appendix 1.0 for more information on Transnational Corporations). Furthermore, the main factor that forces many companies to be more low cost oriented is due to the massive pressure of the current competitive market and also the destructive price wars causes by globalisation that has been circulating in the market ever since the pre-1900s era (Henry A, 2008). (Please refer to appendix 1.0(A) for more information on History Of Outsourcing). In addition to that, by cutting cost in any way can eventually effects the specific company`s position in the market and that is why many companies also tend to choose those low wage countries in Asia for the outsourcing of their non-core business activities (Ashley E, 2008). The non-core business activity that the companies usually seek for outsourcing will be ranging from packaging and distribution, assembly and many more. Thus, through the existence of outsourcing ultimately enabled companies to focus on the prospective directions of activity, utilise the available resources efficiently, development of core competencies and to gain competitive advantage as well (Lacity MC & Willcocks LP, 2001). In accordance with that, the......

Words: 6069 - Pages: 25

Outsourcing

...Outsourcing – A Global Challenge MBA-700 International Economics Abstract The choice to outsource is a major strategic decision not made lightly by companies in today’s global marketplace. Though it brings probable results of cost reduction, loss of control in your product or the quality of service rendered makes this a decision that should not be taken lightly. Though a concept decades old, outsourcing is a topic that brings out fervor in individuals fighting for or against it. It’s a debate centered on moral, economical, and political aspects, with feelings that intensify during economic downturns because of the This paper will discuss theories of outsourcing, while comparing and contrasting the disadvantages and advantages (SWOT Analysis – see Appendix 1) of a concept that is growing in global business. The paper will conclude, most importantly, with discussions on three outsourcing alternatives and their potential to re-invent the status quo. Introduction The advent of globalization has proven that outsourcing is not a hypothetical situation; it is a major strategic business decision growing in popularity that our American workforce must now face in the decline of our U.S. economy. Some believe that outsourcing has become a serious issue not only for our workforce, but also in our major corporations, and the political arena. Issues such as the security of our nation have become debate topics, with critics arguing that outsourcing has weakened national......

Words: 4072 - Pages: 17

Global Outsourcing

...Thesis: American labor markets are in decline because of global outsourcing which has created jobs overseas, with fewer regulations for the environment and lower costs of operation.   Introduction: Outsourcing can happen to almost anyone. It happened to me. I woke up like any other morning. Went to McDonalds for a cup of coffee and then headed to work. Unlike every other morning though I came to work with my department shut down with no warning and an emergency meeting to tell us that we have been outsourced and are not longer needed. Many American jobs everyday are being outsourced to other countries thus hurting the economy of America and the countries that are getting the jobs. Outsourcing is the practice by which a company hires another company to do some aspect of its work. In this presentation I am going to talk to you about three main points: What are the benefits to companies pursuing an outsourcing agenda, the drawbacks to companies pursuing an outsourcing agenda and the drawbacks to the U.S. economy of the pattern of outsourcing. I. What are the benefits to companies of pursuing an outsourcing agenda? a. According to Farrell (2002) At the top of the list, is the financial impetus. To date “cost savings are still a key outsourcing benefit,” with the reduced cost of transferring labor to external settings or even overseas, coming from the access to new markets. (Farrell, 1) b. In the IT world especially, this benefit is paired with...

Words: 1294 - Pages: 6

Outsourcing

...No. 2005-12-A Office of Economics Working Paper U.S. International Trade Commission Growth in Services Outsourcing to India: Propellant or Drain on the U.S. Economy? William Greene* U.S. International Trade Commission January 2006 *The author is with the Office of Economics of the U.S. International Trade Commission. Office of Economics working papers are the result of the ongoing professional research of USITC staff and are solely meant to represent the opinions and professional research of individual authors. These papers are not meant to represent in any way the views of the U.S. International Trade Commission or any of its individual Commissioners. Working papers are circulated to promote the active exchange of ideas between USITC Staff and recognized experts outside the USITC, and to promote professional development of Office staff by encouraging outside professional critique of staff research. Address correspondence to: Office of Economics U.S. International Trade Commission Washington, DC 20436 USA No. 2006-01-A OFFICE OF ECONOMICS WORKING PAPER U.S. INTERNATIONAL TRADE COMMISSION Growth in Services Outsourcing to India: Propellant or Drain on the U.S. Economy? William Greene U.S. International Trade Commission January 2006 The authors is with the Office of Economics of the U.S. International Trade Commission. Office of Economics working papers are the result of the ongoing professional research of USITC Staff and are solely meant to......

Words: 33759 - Pages: 136

Outsourcing

...document.] | Contents 1. Definition of outsourcing 3 2. Functions outsourced by HR 3 3. Advantages of outsourcing HR Functions 4 3.1 Managing and minimising risk 5 3.2 Cost Savings 5 3.3 Efficiency and economies of scale 5 3.4 Professional Expertise 5 3.5 Improved Employee Morale 6 4. Disadvantage 6 4.1 Poor Performance and decline in quality 6 4.2 Distance and lowering moral 6 4.3 Recruitment Problems 6 4.4 Leak of important internal information 6 4.5 Perceived loss of power and control 7 4.6 Increased Direct Costs 7 5. e-HRM 7 5.1 Objective of e-HRM 7 5.2 Advantages of e-HRM 8 5.3 Disadvantages of e-HRM 8 6. Conclusion and Advice to the Client 8 1. Definition of outsourcing The Human Resource department is considered to be one of the highly accredited departments of the organization; these are the people who provide the working resource to the company and keeping the company afloat even in the worst economic downtime. The best way in which the HR can be managed is decided by the HRD. The ways in which the human resource management is done has changed considerably in the recent years. The HR activities and functions can now be delivered, not only by the specialised Human Resource professionals, but also through outsourcing (Ulrich 1996; Tremblay, Party and Lanoi 2008). The HR outsourcing can be defined as the purchasing of the HR functions and services from a third party supplier. HR outsourcing can also be defined as the......

Words: 3934 - Pages: 16

Outsourcing

...Outsourcing 1/60 ABSTRACT: The main focus of this project is investigating and exploring the impact of outsourcing on one of the most iconic Danish companies (LEGO), which attracted our attention during the preparation of this project. We decided to focus on a single case study, because we felt that dividing our efforts by investigating more than one company, would not allow us to focus in sufficient detail on the domino effects that outsourcing can have on a singular institution. The main question of this project is “How could LEGO improve the Make-or-buy- decision and the relationship management when it comes to outsourcing”? In order to answer the main question, we must consider two sub-questions stemming from the main issue, namely: “How could LEGO improve the decision-making-process to outsource by taking more influencing factors into consideration?” and “What could LEGO have done differently in its relationship to the outsourcing vendor Flextronics”. We used the Case Study Research method to work on these questions. Doing that, we reviewed theories, which explained the phenomenon of outsourcing on a theoretical basis. After creating a theoretical framework and the database, we analyzed the case (LEGO) for parallels between the theories and their practical experience. Finally, we were able to drawn some conclusions to both the central and subsidiary questions initially posed. In summary, it can be said that LEGO did not take all aspects into...

Words: 18615 - Pages: 75

Outsourcing

...distances getting shorter, things moving closer. It pertains to the increasing ease with which somebody on one side of the world can interact, to mutual benefit, with somebody on the other side of the world” (Larsson, 2011) There is relationship between Globalization and economic growth. Globalization play important role in international trade. It brought entire world close to each other, which increase competition at international level. It helped to developed new technology, to increased productivity of industries and their workers, also raised workers wages and it lead to economic growth of every countries. (Haase, 2012) The major impact of globalization was reduction in trade barriers and countries open their economy for free trade. First, European and American people experience globalization which increased their per capita income. This was lead to inequality between developed nations and developing nation, because international trade benefited to developed nations and developing nations were not get any benefit from it. But, after 1980s, developing nations like china, India, also involved in the process of globalization and started manufacturing products. (Carbaugh, 2013) It leads to economic growth in developing countries. The main purpose of Uruguay round (1986-1993) was to eliminate tariffs and nontariff trade barriers. it has achieved tariff cut in the area of steel, medical equipment, construction equipment, pharmaceutical and also it has decreased nontariff......

Words: 557 - Pages: 3

Outsourcing

...There currently are two main types of outsourcing: traditional and Greenfield 1. Traditional outsourcing is all about employees at the company ceasing to do their jobs and the outside service provider presents these services. In the IT management data centers and networks could be examples of traditional outsourcing (Robbins,34). 2. Greenfield outsourcing is all about is the corporate change without hiring any external employees or service providers. In other words, the company like Nike in our case may hire independent contractors or startup companies to provide some services that the company did not do inhouse (Caroselli, 113). The following essay will speak about the NIKE company and its outsourcing business practices that although proved to be very profitable for Nike at some point of time would attract international attention with respect to the ethics involved in the corporate management, working conditions and compensation. According to corporate website (www.nike.com) Nike, Inc. is principally engaged in the personal design, development and worldwide marketing of stylish fashionable footwear, apparel, equipment and accessory products. The Company is a seller of athletic footwear and athletic apparel worldwide. Nike sells its products to approximately 18,000 retail accounts in the United States alone and through a mix of numerous independent distributors, licensees and subsidiaries in approximately 140 countries worldwide. Virtually all of its products are......

Words: 1774 - Pages: 8

Growth Patterns in the U.S. Organic Industry

...United States Department of Agriculture Economic Research Service Growth Patterns in the U.S. Organic Industry by Catherine Greene U.S. consumer demand for organically produced goods has grown continuously since USDA established national standards for organic production and processing in 2002. And, while Americans economized on their food purchases during the 2007-09 recession, including purchases of organic products, growth in demand for organic products rebounded quickly following the recession. Industry analysts estimate that U.S. organic food sales were $28 billion in 2012 (over 4 percent of total at-home food sales), up 11 percent from 2011. USDA has begun organic regulation of nonfood agricultural products—for example, laundry detergent with organic coconut oil, aloe vera, and other ingredients—which accounted for another $2.2 billion in organic sales in 2011, according to the Organic Trade Association. Although USDA does not maintain official statistics on U.S. organic food sales, industry data suggest that the market share of organic sales held by various food categories has been remarkably stable over the last decade. Produce (fruits and vegetables) and dairy are still the top two organic food categories, accounting for 43 and 15 percent of total organic sales in 2012; their standing has been relatively unchanged in recent years. Packaged foods, beverages (including soymilk), and breads/grains have 9-11 percent market shares, down slightly from a...

Words: 1431 - Pages: 6