Nobody downloaded yet

Outsourcing in Business - Case Study Example

Comments (0) Cite this document
Summary
The paper concerns the different reasons as to why different SMEs choose to use outsourcing. Outsourcing in business refers to the act of letting a third party handle certain processes in a business organization. SMEs can decide to outsource is to avoid incurring some costs…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Outsourcing in Business
Read TextPreview

Extract of sample "Outsourcing in Business"

Download file to see previous pages SMEs will always find it more affordable to let such processes be handled externally instead of them being handled within the business organization at a higher cost. This paper aims at discussing the extent to which outsourcing enables entrepreneurs to be flexible.
Outsourcing can be used by entrepreneurs in successfully handling various projects. In business management, different projects usually require different resources. In any case, a business organization will decide to fully invest in a project independently, they will have to invest in all the resources that are needed for the project to be successful. However, things are different when a business organization decides to use outsourcing. With outsourcing, they would not have to invest in all the processes that are involved in the project. They can find a third party to carry out some of the processes that seem to be so costly that they can be able to reduce the general cost of the project. Therefore, it can be concluded that through outsourcing entrepreneurs can be able to undertake different types of the project without having fears of whether or not they have the full capability of handling the project. If they choose to ignore outsourcing then they will have to stick to the projects that they are able to undertake independently.
Outsourcing can also enable entrepreneurs to be flexible by reducing the risks involved in their undertaking. In business management the risks that require management include market, technologies, financial conditions, competition, government regulation, and many others. Through outsourcing business organizations are always able to delegate some of their functions to other business organizations with a specialty in such areas (Corbett 101). When a business organization delegates a certain function of their activities to another organization, they also delegate the risks that are involved with the function delegated. One of the biggest hindrances of diversity in entrepreneurship is the risks involved. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“U can choose a topic by urself Essay Example | Topics and Well Written Essays - 1500 words - 1”, n.d.)
U can choose a topic by urself Essay Example | Topics and Well Written Essays - 1500 words - 1. Retrieved from https://studentshare.org/business/1656117-u-can-choose-a-topic-by-urself
(U Can Choose a Topic by Urself Essay Example | Topics and Well Written Essays - 1500 Words - 1)
U Can Choose a Topic by Urself Essay Example | Topics and Well Written Essays - 1500 Words - 1. https://studentshare.org/business/1656117-u-can-choose-a-topic-by-urself.
“U Can Choose a Topic by Urself Essay Example | Topics and Well Written Essays - 1500 Words - 1”, n.d. https://studentshare.org/business/1656117-u-can-choose-a-topic-by-urself.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Outsourcing in Business

Business Process Outsourcing

...Postal Address To of your Senator, Senator’s Jurisdiction, Postal Address. Through of your Institution, Postal Address. Dear Senator (Name), RE: Business Process Outsourcing One I take this opportunity first of all to commend you for the good job you are doing in the senate as our representative. Secondly, I wish to draw your attention to an important subject that is of core concern to your people – the issue of outsourcing. Outsourcing basically involves contracting out non-core business functions to a provider external to an organization. In other words, when two organizations enter into an outsourcing agreement, one agrees to exchange...
2 Pages(500 words)Essay

Sales / Business Process Outsourcing

...? Business Process Outsourcing Source: Being a successful seller requires skills and strategies that can help one in understandingneeds and fulfilling them according to the expectations of customers. Employing effective questioning strategies and general question-based selling has been determined as a critical strategy that helps the sales team in understanding the needs of customers. The following paper is a discussion of the SPIN sales methodology. The methodology will be discussed and potential limitations identified. Improvements to this sales solution are also identified. The concept of OPEX is also discussed together with why it is used. The various features and benefits of OPEX are also identified....
4 Pages(1000 words)Essay

Business Insourcing, Self-Sourcing and Outsourcing

...Business self-sourcing, In-sourcing and Out-sourcing Self sourcing is the in-house development; in addition to support of IT scheme by knowledge workers with negligible donation from IT consultants. Knowledge personnel build up as well as make use of their personal IT systems, as contrasting to constricting out the labor in a course known as outsourcing (Mankiw & Swagel, 2005, p.36). Knowledge personnel are workers who are reliant upon data or who expand and utilize information in the place of work. Self sourcing has a number of advantages which include: it improves requirement determination; it increases knowledge worker participation and sense of ownership; and it also increases speed of systems...
3 Pages(750 words)Research Paper

Business Process Outsourcing

..., statistical reports on outsourcing etc. For this study, we are trying to figure out the physiological and psychological effects on the youth employed in the IT enabled services and call centres in India. Therefore, it will be our endeavour to figure out; i. Increase in the trend of outsourcing over the years ii. Which are the countries from where the outsourcing of jobs is taking place and why are these jobs being shifted to countries like India iii. Stand of Unions in India and abroad on the overall trend of outsourcing and the health of the workers. iv. What type of ill-effects in terms of health, social interactions, psychological etc. these youth are facing on...
3 Pages(750 words)Research Proposal

The Perils of Business Process Outsourcing

...The Perils of Business Process Outsourcing The growing globalization ushered a new trend called business process outsourcing (BPO) where companies sub-contract or outsource their core and non-core operations. The most common BPOs are call-centers, human resources, accounting and payroll outsourcing. It is irrefutable that this new system has been viewed as highly beneficial for business organizations. In fact, the most reputed companies like Dell, IBM, and GM are now outsourcing their business process to BPO hubs like Philippines and India. The major rationale for...
2 Pages(500 words)Essay

Business Process Outsourcing Assignment

...Running Head: INDIAN CALL CENTERS CREAT E NEW INTERNATIONAL TRADE SECTOR Indian Call Centers Create New International Trade Sector in Harvard Style by Student's Name Course Name University I. Executive Summary This report desires to shed light on the current state of business process outsourcing. Specifically, it looks at the data processing and contact centers in the Indian economy, which provides services to European firms. The highlights of the report are as follow: Service is "any activity which or benefit that one party can offer to another which is essentially intangible and does not result in ownership of anything" (Kotler 2002). It is characterised by inseparability, intangibility,...
12 Pages(3000 words)Assignment

Business Process Outsourcing: Issues, Implications

...Running head: BPO Business Process Outsourcing: Issues, Implications and Strategies ___________ ________________________ ________________ Business Process Outsourcing: Issues, Implications and Strategies Introduction Outsourcing has moved from a niche technology management business practice to a typical strategic weapon. Business Process Outsourcing influences process driven efficiencies in terms of organizational excellence, responsiveness & branding, financial efficiency and customer relationship. BPO is emerging as a powerful and flexible approach that business leaders and nations can use to achieve a wide range of tactical and strategic aims... . As the...
39 Pages(9750 words)Dissertation

Ventus and Business Process Outsourcing

...Ventus and Business Process Outsourcing How should ventus address the challenges that could potentially derail its growth? What other challenges are likely to emerge? How should ventus deal with the additional challenges? It would be useful to use the five forces model discussed in chapter 11 to analyze ventus’s strengths and weaknesses. Ventus: Ventus is a venture by the Philippine Long Distance Telephone Company. PLDT diversified into the business outsourcing sector to make profits from the boom in the industry. The company’s operations began in March 2002 with 50 full time employees. Towards the end of 2008, the company had more than 6500 employees working with them...
5 Pages(1250 words)Article

Outsourcing Business

...Outsourcing Businesses Introduction Usually, foreign and domestic business process contracting is known as outsourcing; however, offshoring is more appropriate word to represent all outsourcing that involves procurement of the services from the overseas supplier. In last decade or so, offshoring business activities have increased significantly. Although several services are being outsourced currently yet services related to IT constitute a substantial chunk of total offshoring business. The paper attempts to explore reasons for IT outsourcing success; impediments in the process of outsourcing and the trends of outsourcing that are seen in current times. Variety in Outsourcing Businesses Ang and Inkpen (2008) argue that since 2002... ...
8 Pages(2000 words)Research Paper

Outsourcing In Business

... Introduction The idea of outsourcing is not new in business. Hiring outside parties to do the work for an entity—individual or an organization—is prevalent since the dawn of human civilization. Voyagers and mercenaries, who used to carry out the mission for some other party, are all early examples of the concept of outsourcing. The word ‘outsourcing’, was first coined during the 1970s by the manufacturing executives and has gradually been well accepted since then by the executives in almost all business activities. And in recent times, as the term ‘outsourcing’ has got wide usage, similar trend has been witnessed in case of actual...
3 Pages(750 words)Research Paper
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 Case Study on topic Outsourcing in Business for FREE!

Contact Us