Nobody downloaded yet

Why Companies Outsource Services - Assignment Example

Comments (0) Cite this document
This paper under the title "Why Companies Outsource Services" focuses on the fact that globalization involves an increased openness in international business relations, an integration of markets on a worldwide basis, and a movement toward a borderless world. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Why Companies Outsource Services
Read TextPreview

Extract of sample "Why Companies Outsource Services"

Download file to see previous pages Electronic mail, the Internet, and the World Wide Web are some of the manifestations of this new technology. While these are the evident aspect of globalization, the meeting of minds across the constraints of culture and language has also become a reality. Globalization has also spawned outsourcing, which is the new-found paradigm of companies that seek to lower their cost of operations.
The biggest factor that any business manager would look for before investing in the current and future stability of the business and both short-term and long-term benefits from the business. This is particularly so when a new business is being established in a country. The thrust in globalization and free-market strategies has seen many countries opening up their economy to foreign industrial powers. What was once protectionist markets have evolved in many countries, into highly competitive markets that give equal opportunities to both national and international players? As part of the strategy to open up their resources to foreign countries and to attract foreign investments many countries have devised new plans and modified their laws so as to keep up with the times. Such actions have to be followed through by concrete actions which will contribute to building the trust of an investor and making him feel that his investment is safe in that particular land. Outsourcing as a management strategy is not a new concept. Companies have earlier used outsourcing by calling it the name ‘subcontracting’ – OEM (Original Equipment Manufacturers, system integrators and subcontractors have helped management in completing projects on time by providing the necessary skill and resources, particularly in automation and control systems. [Meyers, 2002]
The communication and information technology (IT) revolution of the late 1990s revolutionized the business processes from product design and planning to distribution and customer service, fuelling an increased demand for knowledge and IT skills to make the best use of technologies.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Why Companies Outsource Services Assignment Example | Topics and Well Written Essays - 4000 words, n.d.)
Why Companies Outsource Services Assignment Example | Topics and Well Written Essays - 4000 words. Retrieved from
(Why Companies Outsource Services Assignment Example | Topics and Well Written Essays - 4000 Words)
Why Companies Outsource Services Assignment Example | Topics and Well Written Essays - 4000 Words.
“Why Companies Outsource Services Assignment Example | Topics and Well Written Essays - 4000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Why Companies Outsource Services

IT Resources (Outsource or Insource)

... IT: Outsourcing vs. Insourcing Outsourcing is one of the bi-products of globalization. “It is the process of shifting/delegating/transferring a service/process/function to a third-parties/external service provider which would otherwise be an in-house function/service/process”(, 2008). The opposite of outsourcing is Insourcing. In short, outsourcing is the process of delegating a work to an organization in a foreign country whereas insourcing is the process of delegating the work to another company in the same country itself. Outsourcing and Insourcing are some of the major business strategies adopted by the IT organizations. Outsourcing and Insourcing have merits and demerits as far as an IT organization is concerned... in...
3 Pages(750 words)Essay

Evolution of multinational companies (telecommunication companies)

.... This is an exhaustive list which is utilized by the MNCs to process their strategies. First such trend is the effect of multichannel strategy. The web portals and e-commerce is replacing the traditional channels of telecom in the market. The telecom operators around the world have started introducing their own stores, especially in the mobile industry. The second trend is commoditization, especially related to the data communication, and telephony services. The third trend that can be seen in the modern telecom companies is transformation of business model. Business and strategies cannot be upgraded on the traditional business model, as it will not adapt the new strategies well. The fourth trend is...
10 Pages(2500 words)Personal Statement

Oil Companies

...up in extracting, refining and marketing oil, their business model will squeeze the last cent of profit out of that spent capital for as long as possible." (Johnston, 2005) IMPORTANCE OF RESERVES (Why reserves value are so important) It is understandable that fraction of the profits stem from the international rise in the prices of petroleum, the report has mentioned that, large oil company mergers have squelched competition and has created negative impact on US consumers. Recent mergers between giant oil companies such as Exxon and Mobil, Chevron and Texaco, and Conoco and Phillips have resulted in just a few companies controlling a significant amount of gasoline in the...
8 Pages(2000 words)Essay

Companies Act

...Articles of Association and the Contractual Relationship of the Members S. 14 Companies Act 1985 s: to the provisions of this Act, the memorandum and articles, when registered, bind the company and its members to the same extent as if they respectively had been signed and sealed by each member, and contained covenants on the part of each member to observe all the provisions of the memorandum and articles" 1.0 Introduction: Every company incorporated by registration under the Companies Act must have a Memorandum and by virtue of Section 1 (1) of the Companies Act 1985 the memorandum must be subscribed by the persons who have the intention to form the...
10 Pages(2500 words)Essay

Outsourcing and how it has effected communication between customers and companies that outsource the Wall Street Journal highlighted the important concerns raised by customers when customer service is offshored. Have you ever called a company with a question or complaint and been redirected to Bangladesh, India or the Philippines? Arguing that this is an increasingly common phenomenon in our era of globalized trade and that outsourcing primary customer service functions have a wide variety of ramifications on a company, academics Whitaker, Krishnan and Fornell sought to explore the phenomenon. Admitting that outsourcing has received much poor attention the United States as well as around the developed world, the authors site...
8 Pages(2000 words)Essay


...Companies The Concentration Ratio (CR) of 30 percent in the industry A with 20 firms signifies that there is ‘low concentration’ in the industry. Theindustry is monopolistic in nature as the few large firms account for merely 30 percent of the market share. There are relatively large number of sellers in this industry type each holding a small portion of the market share. There are no entry barriers or exit costs and therefore firms may choose to enter the industry to earn a profit or may exit to end losses. In the monopolistic form of competition, a firm survives and thrives on the basis of product differentiation. Thus non-price competition prevails in the market and it is up to a particular firm to convince consumers...
2 Pages(500 words)Essay

Outsource and/or Sub-contract

...Outsource Task: Outsource There is essence of either outsourcing or subcontracting all production in a company in order to generate sales and hence profits. This suggests the organization should determine the best method to apply in order to meet its goals and objectives. In other words, apart from identifying the method that makes sense to a company, it is also imperative to note the benefits and the underlying costs (Ashley, 2008). Therefore, in that context, the use of outsourcing would outdoor subcontracting in terms of planning for the right capacities. For example, while outsourcing involves the acquisition of goods...
2 Pages(500 words)Essay


...My favorite companies Three companies that I would like to work for include Abdulla Abdulghani & Bros. Co. W.L.L., Qatar Petroleum, and Qatar Airways. I would like to work for Abdullah Abdulghani & Bros. Co. W.L.L. because it is among the biggest companies in Qatar. According to the statistics mentioned on the company’s website, Abdullah Abdulghani & Bros. Co. W.L.L. employs over 2000 employees that belong to 33 different nationalities (“Careers”). I would particularly like to work for this company because the culture of this company fosters, promotes, and encourages innovation and creativity. I feel like I have very strong leadership...
2 Pages(500 words)Research Paper

Limited companies

...member and is better known as multifaceted. This company has many advantages as well as disadvantages. This type of company is managed by its members or managers in order to achieve its objective. LLC have various obligations towards its members and investors to a considerable extent. Moreover, from the above discussion it can be concluded that preference has the features of debt and equity and on the other side ordinary shares is also called equity shares. References Blake, R. P. & Rand, G. D., 2010. Currency Value Moderates Equity Preference among Young Children. Evolution and Human Behavior, Vol. 3, pp. 210-218. Callison, J. W. & Vestal, J. W., 2010. The L3c Illusion: Why Low-Profit...
4 Pages(1000 words)Assignment


...grandiose marketing campaign launched by the Botanicals brand. In promoting its product the company focuses on the products and organic natural ingredients. For promoting its products, the Botanicals focuses on promoting the quality of its products, the natural benefits, and organic ingredients used for blended by hand products. That is why the marketing promotion is limited in the company as it relies on the brand’s reputation. In order to grow its reputation, the company is actively participating in various product certifications, and the label of certification mark is considered to be the unique selling point of the company. 2.3. Out of Store...
5 Pages(1250 words)Essay
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 Assignment on topic Why Companies Outsource Services for FREE!

Contact Us