Nobody downloaded yet

History and Background of Outsourcing - Essay Example

Comments (0) Cite this document
Outsourcing Outsourcing Outsourcing and offshoring are some of the new business strategies brought by globalization and liberalization. According to Thompson (2009), “Outsourcing refers to a business process in which a company contracts with another company to provide services that might otherwise be performed by in-house employees” (Thompson, 2009)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
History and Background of Outsourcing
Read TextPreview

Extract of sample "History and Background of Outsourcing"

Download file to see previous pages . Even though America and European countries are highly developed regions compared to the countries in the other parts of the world, these regions are facing immense manpower shortage in critical employment sectors. For example, in construction industry and healthcare industry, majority of the people working in these regions are from Asian countries. In other words, opportunities are more compared to the number of available manpower resources in developing countries. Thus, manpower cost is highly expensive in developed countries whereas in developing or underdeveloped countries manpower resources are more and hence the labor cost is cheap. For example, heavily populated countries such as India and China have surplus manpower resources whereas employment opportunities are less in these countries. Out sourcing helps developed countries to exploit the abundant cheap manpower resources in heavily populated countries so that they can reduce the prices of their commodities and compete effectively in international market. This paper analyses the history and background of outsourcing. History and background of outsourcing The evolution of Outsourcing can be attributed to globalization and liberalization. ...
Keeping these points in mind, these countries developed and introduced the globalization policies. Even though countries like China watched these polices with suspicion, they also realised the opportunities quickly and embraced globalization. As industries grown, organizations started to look for opportunities in international market. Domestic markets were insufficient for some of the major organizations to sell their products during the second half of the twentieth century. Such organizations started to explore opportunities outside the domestic market and as a result of that competition started to increase in international market. Along with opportunities, these organizations faced lot of challenges also in international market. Some organizations were able to reduce the prices of their products considerably of the availability of cheap labour in their home country. For example, Chinese products are still causing major worries to international companies because of its cheaper prices. This is because of the fact that China has plenty of manpower resources and their labour cost is comparatively low. In the 1990s, as organizations began to focus more on cost-saving measures, they started to outsource those functions necessary to run a company but not related specifically to the core business. Managers contracted with emerging service companies to deliver accounting, human resources, data processing, internal mail distribution, security, plant maintenance, and the like as a matter of “good housekeeping”. Outsourcing components to affect cost savings in key functions is yet another stage as managers seek to improve their finances (Handfield, Ph.D, 2006) Even though the business process ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“History and Background of Outsourcing Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
History and Background of Outsourcing Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(History and Background of Outsourcing Essay Example | Topics and Well Written Essays - 1000 Words)
History and Background of Outsourcing Essay Example | Topics and Well Written Essays - 1000 Words.
“History and Background of Outsourcing Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF History and Background of Outsourcing


...?Table of Contents Table of Contents 1.0.Background 2 2.0.Definition of outsourcing 3 3.0.Types of outsourcing 3 3 Think 180 outsourcing ification 4 3.2.Currie and Willcocks classification 5 3.3.Common classification 6 4.0.Reasons for outsourcing 7 4.1.The strategic reasons 7 4.2.The tactical reasons 9 V.0.Selecting what to outsource 9 6.0.Benefits of outsourcing 11 6.1.Benefits of outsourcing to companies 11 6.2.Benefits of outsourcing to America 13 7.0.Disadvantages of outsourcing 15 7.1.Disadvantages to companies 15 VII.2.Disadvantages to America 17 8.0.Conclusion 18...
19 Pages(4750 words)Essay


...?Outsourcing in IT Functions Outsourcing has been the term used when businesses decide to send their IT needs to a consulting firm that is outside their company. In the article by Grover, Myun-Joong, and Teng (1996) the authors build a case for outsource and show why it is important for Information Technology. Many people know that outsourcing has been a way to save money in the long run. When information systems problems happen, it is easier to bring an expert in to fix the problem because it is less costly. One of the reasons it is less costly is because a consultant can be hired for a short time and the company does not have to pay overhead or pay a regular salary and...
2 Pages(500 words)Essay


...? OUTSOURCING and number submitted Introduction Outsourcing is a phenomenon that focuses on a strategy where some functions of an organisation are performed by an outside organisation purposely to shorten workloads and lower management and operational costs. Most multinational companies outsource their production and manufacturing activities, but these organisations are under constant pressure to control costs. They have to outsource non-core but essential services. The question of time also demands outsourcing since products have to get to the market as quickly as possible. Outsourcing has revolutionized processes in the workplace,...
8 Pages(2000 words)Assignment


...? Outsourcing Outsourcing is the transacting out of a business function to be performed by another company or individual. The practice of outsourcing an organization’s internal functions to a third party has been common in the modern economy since the early 21st century. Virtually all organizations outsource to third party companies in some way. Essentially the process being outsourced by the company is a non-core function. This practice of outsourcing gained popularity mainly in the United States, and from there-on proliferated to the rest of the world. For instance, a company may outsource non-strategic functions to...
8 Pages(2000 words)Term Paper

Toyota. Background and Company History

...? Toyota Case Background and Company History Toyota is amongst the largest car makers in the World and has her headquarters in Aichi, Japan with several international branches and dealership in various continents. They sold almost 7.47 vehicles globally in 2004. It enjoys a market share of about 45% in Japan alone. Cho was the executive officer who catapulted Toyota into its current state due to his hard work and determination. Cho derived management experience and skills from Taichi Ohno who was the founder of legendary Toyota Production System. Toyota is known to be producing numerous models of cars that ranging from Corolla, Lexus to the Scion xB (Bremner & Dawson, 2003). Toyota enjoys huge revenues...
4 Pages(1000 words)Essay

Outsourcing comes to dealing with personal discomforts of abused and maltreated individuals especially among women and children cases should be recognized among outsourcing. Being able to decide on what is good and beneficial to the victim or client as well at the same time following the ethical standards of professional practice most often than not confront outsourcing. Given these factors, the knowledge and qualifications of the outsourcing to investigate and inquire into the private lives of people should be given proper evaluation and assessment. In the reality of significant changes that have taken place in the practice of outsourcing throughout its...
5 Pages(1250 words)Essay


...your Outsourcing Introduction Business organizations are set up to produce and market products or services that are in demand. Whiledoing so, they take a conscious decision on a number of factors of production, the main objectives being able to meet demand in terms of quality, quantity and price, and the corporate goals of profitability and growth. These considerations lead to decisions on the investment level for captive resources and the extent of outsourcing to support operations. Outsourcing has always been a part of all enterprises, except to the degree to which it is resorted to. From raw materials to semi-finished components, from consulting to detail engineering and from direct...
2 Pages(500 words)Essay

Personal History and Home Background

...that I have made in the course of time. Most of them are back in UAE while I have some that I have been able to meet in my short course of study and living in America. I enjoy playing and watching football. My enthusiasm in business has emanated from my early days as a child where I made a great fortune from selling simple products in the neighborhood. My aspiration is to build business empires that will provide employment and help me reach out my goals. I love engaging in charity; therefore, I will use the resources from my businesses to touch lives of other people. Personal History and Home Background I am (Name), the name I acquired from my parents who thought that was the best name for me. I was...
4 Pages(1000 words)Essay


...Outsourcing and Operations Management A Case Study of National Express Coaches in the U.K By + Introduction Working for National Express for the past five years, one has encountered many situations in the role of customer service supervisor based in Victoria coach station. The most frequent one has been delays caused by broken down coaches on station, missing drivers, coaches not boarding customers to its full capacity due to seats not safe to be used, coaches being over booked among other many situations. In the face of those few issues mentioned above, one must ask the question: why is a big and renowned company like National Express has so many difficulties to manage their suppliers? Why are they still...
20 Pages(5000 words)Research Paper

Background History of Burberry Company

...Background History of Burberry Company Merchandising of Fashion includes all the activities that provide thecustomer with the necessary apparel fashion and accessories of their demand. When fashion merchandising is being conducted, there is need to consider place, time and affordable prices to the customers. I order to achieve this, there should be a well-designed business plans, developing and selecting merchandise, promotion and selling of the goods and paying much attention to the customers. Merchandising of fashion should include all the accessories and attires for men, women and children. However, there is a need to design home fashions, fragrances and cosmetics. Burberry Fashion Company started in...
8 Pages(2000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic History and Background of Outsourcing for FREE!

Contact Us