StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Outsourcing and Accounting Outsourcing to India - Case Study Example

Comments (0) Cite this document
Summary
The case study "Outsourcing and Accounting Outsourcing to India" states that outsourcing is a concept used when companies contract essential business processes and services to third party vendors, domestically or internationally. The global economies are expanding gradually…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Outsourcing and Accounting Outsourcing to India
Read TextPreview

Extract of sample "Outsourcing and Accounting Outsourcing to India"

Download file to see previous pages The author states that measures that are set for companies that outsource to India and Indian venders ensure confidential data is stored on the servers of the outsourcing companies and Indian vendors have strongly controlled access. Although the outsourcing may have adverse outcomes to the European company that decides to outsource to India, it may as well yield beneficial outcomes to this company.
The economic crisis has made many European companies decide the focus on India as an outsourcing objective for their information technology requirements (Schniederjans, 2005). Thus, these companies should ensure that outsourcing contracts must be carefully drawn to protect their intellectual property rights. The European company outsourcing to India should not allow the team in India to know much about their business, but Indian should only understand the details of equity trading and settlement. However, outsourcing will cause unemployment due to the introduction of information technology, but it is significant for European companies to outsource in India because they will have a competitive advantage in the global market.
The competition will ensure that the profits decline in the long-run, and profits accrue to employees via more job creation, and to clients via cheaper prices. For instance, the research indicates that most European companies would gain new jobs in the long-run due to offshore information technology outsourcing to India (Schniederjans, 2005). Higher wages in India are one of the significant drivers of global outsourcing and would cause the wage differential to narrow in European companies. Meanwhile, the skill differentials and higher productivity as a result of outsourcing to India will tend to preserve Europe companies wage levels, with differentials decreasing gradually due to the increase in the low-end wages. The outsourcing is growing significantly in Europe due to labor laws that make relocating jobs via offshore outsourcing a long and costly process in India. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Outsourcing and Accounting Outsourcing to India Case Study, n.d.)
Outsourcing and Accounting Outsourcing to India Case Study. Retrieved from https://studentshare.org/management/1595289-depending-on-what-a-european-company-decides-to-outsource-to-india-the-result-may-be-very-beneficial-in-several-aspects-even-if-it-includes-some-disadvantages
(Outsourcing and Accounting Outsourcing to India Case Study)
Outsourcing and Accounting Outsourcing to India Case Study. https://studentshare.org/management/1595289-depending-on-what-a-european-company-decides-to-outsource-to-india-the-result-may-be-very-beneficial-in-several-aspects-even-if-it-includes-some-disadvantages.
“Outsourcing and Accounting Outsourcing to India Case Study”, n.d. https://studentshare.org/management/1595289-depending-on-what-a-european-company-decides-to-outsource-to-india-the-result-may-be-very-beneficial-in-several-aspects-even-if-it-includes-some-disadvantages.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Outsourcing and Accounting Outsourcing to India

Outsourcing

.... It involves outsourcing non-core functions such as human relations, public relations, accounting and so on to a third-party company. BPO has been the face of outsourcing since 1995, at the advent of the Internet boom. BPO can be further subcategorized into two: front office processes such as customer relationship management and back office processes such as payroll and order fulfillment services. Knowledge process outsourcing (KPO) is the most sophisticated of these three levels of outsourcing. KPO involve high level activities such as advanced research, technical and decision-making skills (Overby, “Outsourcing Definition and...
19 Pages(4750 words)Essay

Outsourcing

...?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 organisations. Literature Review This essay will focus on human resource outsourcing (HRO) which is becoming a trend particularly in the public sector. Human resource outsourcing affects performance of the staff. Human resource functions that are handled by an outsourcer provider are functions that some employees are used to performing. Businesses find outsourcing as an easy way to produce their products at low cost. Functions that can be outsourced include human resources, financial transaction processing (for accounts payable), procurement, distribution and logistics, and clinical data management. One of the drawbacks for...
8 Pages(2000 words)Assignment

Outsourcing

...differences in the accounts and alerted the bank. Fifth, qualification of outsourced workers: For engineering firms outsourcing sometimes seems to be least helpful in certain disciplines of business. For instance, the qualifications of college graduates of major economies such as China and India are debated to differ with American Education standards. This serves to be a deterrent to American firms, as they are distrustful of the services given by third-party companies in such countries. This gives rise to a very confounding situation for the parent firm because the Chief Executives of the company have to decide whether to have better qualified employees on big salaries...
8 Pages(2000 words)Term Paper

Outsourcing in India

.... It is only through the advent of information and communication technology that outsourcing grew rapidly. This section evaluates the real force behind outsourcing and when it all started. Chapter two gives an account of the types of jobs being outsourced to India and what industries are involved. By using comparative advantage (Ricardo's principle) and the Heckscher-Ohlin model, the chapter seeks to understand fully the rational behind choosing India as a destination for most outsourcing job. Chapter three investigate the major impact of outsourcing on India and the use of Solow...
27 Pages(6750 words)Coursework

Outsourcing

...outsourcing. Under this type of outsourcing are customer contacts (customer relations management), equipment, finance/accounting, human resources, logistics, procurement/supply chain management and security. Lee et al (2002) stated that there have three major outsourcing drivers: (a) economic - expense reductions, cost control and containment; (b) strategic - sharing risks, gaining access to new resources, achieving quicker time to market, as well as exploiting internet opportunities; and (c) technical - access to new technology; access to special expertise, coping with increasingly sophisticated risks and keeping up with the increasing complexity and speed of technology...
5 Pages(1250 words)Essay

Outsourcing

...the US economy (Otterman, 2004). Outsourcing should not be restricted as it will be good for the US economy in the long run. With the US economy still recovering from recession, some economists feel that this is not the right time to send jobs overseas. High technology companies have been contracting out many of their software development projects to overseas software companies, particularly to India. Outsourcing has always been a part of the American economic regime. Gradually outsourcing is being done in more and more sectors. It is fueled by a combination of quality services at affordable prices both by the service providers and the consumers. The developed...
9 Pages(2250 words)Essay

Outsourcing

...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

Outsourcing

...Outsourcing Boeing has developed a powerful within the aviation industry within its 96 years in existence. Recently, the firm has focused on building one of the biggest and most costly projects in its history; the Boeing 787 Dreamliner. As a means to remain competitive within a climate of global change, Boeing has almost redefined the process of outsourcing; choosing to have the airplane built in sections domestically as well as internationally and then assembled at a central location within Charleston, South Carolina (Hubbard 1). Apart from the engines themselves, nearly 60% of the aircraft is built overseas with only final fabrication and assembly taking place within the United States. The wings are...
1 Pages(250 words)Essay

Outsourcing

...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
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 and Accounting Outsourcing to India for FREE!

Contact Us