Every business operates with contracts. In an outsourcing, the contract is the most critical arrangement between the outsourced vendor and the client. Thus, creating contracts require very much thinking and planning before being signed. Contracts should have provisions such as conditions for termination to give the company some leverage and to make sure that service providers live up to its commitments. White (2006) states that contract termination provisions should be such that both the client and the vendor can get out of it without having too much burden. Moreover, he discusses other provisions and clauses a contract must contain in ...
Outsourcing Article Reviews Samples For Students
13 samples of this type
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Offshore outsourcing has been an increasing trend in recent years. Businesses opt to have some of their operations handled by an outside provider due to its reduced costs. However, some companies tend to overlook a variety of things when it comes to client-vendor relationships. In outsourcing, it is important to note that the how the process really works is not as easy as it sounds like. Puranam and Srikanth (2007) debunked seven myths about offshore outsourcing, ranging from unrealistic expectations to poor ideas about structuring contract and convoluted views of risks. They further state that belief in these myths would ...
The article summarizes the current trend of companies to outsource their operations to low-wage countries. The trend has been proven effective with the success of General Electric, and British Airways in the 1990s. And with this advantage, other companies have followed the same operational strategy. With the advent of globalization, market labor has been smaller and more accessible. Technology has also led the way to minimize communication costs and help bridge employer-employee transaction.
It has been said that not all companies are drawn to this current trend of outsourcing. Even with their efficient international operation, outsourcing must be ...
Article Review
Third-Party Logistics (3PL’s) play an important role in supply chain management, exclusively in the developed and developing nations, and the logistics industry has seen a huge growth in the past few decades. The larger companies currently demand a single vendor for their global supplies and support their operations. There are advantages and disadvantages of 3PL’s and depending on the advantages the companies choose their vendors for the logistics. The decision to retain the 3PL services in a company is decided by the higher management, the corporate level and sometimes by the logistics managers and managers from functional areas. There have ...
Technology: IT in the medical field / Outsourcing in IT
Cedars-Sinai Doctors Cling to Pen and Paper
Computers are becoming an integral element in our daily lives, and the medical field is not an exception. This is because of their ability to store enormous amounts of data and fast information processing capabilities and intelligence (Bansal, 2004). Computers play an integral role in medical operations ranging from aiding complex medical operations to simple procedures such as file and record keeping. Ceci Connolly notes a typical case in Los Angeles whereby Cedar-Sinai doctors are clinging to the traditional pen and paper to undertake their daily operations at the hospital. The effectiveness of ...
Learn To Craft Article Reviews On Best Practices In Business Technology Management With This Example
Auerbach Publications © 2009
Chapter 4 - Acquisition and Measurement
Many Happy Returns
It is essential for organizations to assess the financial impact of the investment in a new form of technology. This can be best achieved through evaluation of the total cost of ownership (TCO) and the returns on investment (ROI). This can be achieved through simple calculations, payback data and economic value analysis. The lack of a proper quantification method can lead to tremendous losses.
Concepts to Clusters: The Real Technology Chasm
Investment in appropriate forms of technology can yield tremendous success for any company. Since constant evolution of technology enhances its quality and overall service delivery, it ...
In the software industry software as a service (SaaS), is an emerging business model that has attracted interests of a number of consumers in the global market. SaaS model works on the same principles like the application service provider model and it has been found that SaaS can provide software to user’s laptops and computers for application processes. Further studies have revealed that the emergence of SaaS has been brought about by the development of the internet know-hows, since these technologies acts as the founding stone for the SaaS business model as well as the main driver and propelling factor ...
ARTICLE REVIEWS
The world of business is characterized by several issues that together create the business environment suitable for the players. It is essential to understand that certain factors have a huge bearing on the business frameworks that govern the global markets. Below is a review of sample international business articles;
The article attempts to unravel the misconstrued notion that new technologies like the internet have normalized the marketplace and made it a level ground for all the players. It is critical to understand the underlying disparities that have been assuming by the proponents of new technology and those who continue ...
The three key points from Cooper’s reading are linked to the implications of modernization on public administration. The first concept is the political nature of public administration which asserts that politics should be put aside from public administration to ensure proper service delivery on public goods and to enhance the performance efficiency. Secondly, it points out on separation of public administration and citizen’s roles. This indicates that there should be a division between the roles played by the public administrators and the citizens. This is due to the fact that these dual roles can result to conflicting situations ...
Chapter 1 – Perspectives
The 5 × 7 Business Technology Strategy
The 5 × 7 Business Technology Strategy is a consulting practice which aims to help the organizations to optimize their technology investments. Going through the strategy I found that some of the steps can be particularly effective. Segmenting the operational and strategic layers of business will surely help in effective management of resources. Decentralization and private hosting of the website will also help in the daily and easy upgrade to the website. One of the steps which I feel the most important is assessing the present as well as future security threats and being ...
CONCLUSION
CONCLUSION
Recent studies have shown that for the past decades, Seminole Industries had its share of success and failures. The company experienced its economic downfall in 2008 after reducing its factory orders from 8% in 2009 to 11% in 2010. With these losses, the company had to step up and take necessary measures to change its organizational structure in order to meet the ever-changing demands of globalization and become more competitive. Although the company was able to develop modern data center facilities to cater to the needs of their clients, it is unfortunate that the company was not ...
The Effect of Medicare and Medicaid on the Social Work Field
Introduction
The American society is at the cusp of transformative change. With Baby Boomers of the sixties now reaching retirement age, the proportion of older people in society is going to increase. A smaller base of working population will have to support a larger slab of older people. As a result, existing frameworks of social security, Medicare and Medicaid would prove inadequate. New ways and means need to be explored to sustain the concept of an equitable and caring society that has been built in the USA. In this context, it is essential to explore the effect of the changing ...
Abstract
Since the inception of the modern technologies, the world of business has really evolved. The hi-tech transport and communication facilities have made it possible for countries to import and export goods and services. This has led to the emergence of global and regional business powers. UK has a stake in international business, as shown in the essay below.
UK in International Business
1. UK Government role in international trades & international investment.
Sine time immemorial, the UK has been a key player in businesses around the world. This dates back to the Trans-Saharan trade, the triangular trade and the slave trade. During all these periods, ...