Essays on Offshoring

Introduction

The success of any business venture is characterized by its ability to manage its assets, with respect to features such as the members of staff, the expenses incurred during the production process of its products as well as its distribution stratagems. The reason why most business entities and conglomerates fail to thrive in the long term is due to poor mismanagement of various core sectors hence leading to the redundancy for income generated and in an increase in the cost of productivity. The overall result is the decline in the trajectory of the business entity. Such was the characteristic ...

It is used in the knowledge-based decisions. It provides training to the team members in the organization.

It is used in the yield meeting, which indicates that the individuals must have the same vision.

It is used in the pricing and inventory management and provides the detailed information about the inventory. Effective forecasting reduces inventories The effective estimation helps the organizations to reduce the inventory and the organizations can become effective in the market. If a company becomes efficient in the forecasting so that the company can easily estimate the future needs of the market and produce the inventory according to the desire of the market (Olszewska & Piwoni-Krzeszowska, 2014).

Contract manufacturer in a supply chain

The contract manufacturers have a greater role ...

Introduction

The Meaning of the World Being Flat Additionally, this concept was first created during Friedman’s journey in Bangalore, India. He realized that the aspect of globalization has changed many essential economic terms which businesses were already accustomed to over the past 15 years. Friedman also believed that the flattening of the world happened to be a product of the convergence of computers which has a fiber optic micro cable since this created a new era of efficient work flow process and its software. This creation was perceived as Globalization 3.0. It is important to understand that the flattening ...

In the business operation, outsourcing refers to the act of contracting out some business processes to a third party. The factors that drive business to decide on outsourcing their business processes are diverse. They include factors such as technological development, skilled laborers, costs such as labor cost and raw materials amongst other factors. Outsourcing can either be done within the same country or outside often referred to as offshoring and nearshoring respectively. Some of the major drivers that force businesses to outsource some of the business process include costs, strict government regulations, taxes and incentives (Carmel & Nicholson, 2007). In ...

Introduction

Denning (2013) had written “What Went Wrong At Boeing?” news article and reported about the failure of Boeing in its outsourcing and offshoring when the company outsourced some parts for the manufacturing and development of Boeing 787. The purpose of the article was to explore and explain the more focused and specific mistakes and errors made by Boeing in outsourcing and offshoring handling and strategic decision making. The company aimed to control and reduce the cost of in-house production of those parts for that the company lacks the required efficiencies and skills for such products. In the results of ...

Is the outsourcing of low-paid jobs to developing countries a strictly positive development for workers in such countries? Clarify your position by reference to notable industrial relations incidents or economic developments from the last decade.

The business practices of outsourcing and offshoring have been the subject of both praise and criticism. Critics of outsourcing refer to the loss of job opportunities (locally), lower quality products, and unequal pay rates among domestic and foreign workers. Proponents point to its potential to enhance productivity, lower costs, and enhance core efficiencies for outsourcing companies. There are, however, more in outsourcing in addition ...

The terms “outsourcing” and “offshoring” have similar, but slightly different meanings. Both terms refer to the corporate practice of sending work to third-party contractors external to the company, rather than assigning it to in-house employees. However, whereas outsourcing can take place entirely within a single country, offshoring is the process of sending it off to another country’s shores. In other words, when a company sends work to a contractor within its own country, it outsources the work, but if the contractor is foreign-based, it offshores the work. The chapter on offshoring further expands the definition of offshoring to ...

Corruption as a Political Risk in Business

The global economy has shown good signs of recovery from the previous recessions that have been witnessed by leading global economies of America, Russia, China and Japan. Despite this strong and healthy economy, there are emerging issues of vulnerability of the economy risks associated with foreign exchange transfer, political interference, legal and regulatory risks, supply chain disruption, political violence, sovereign non-payment, financial sector susceptibility, and the inability of local governments to provide stimulus. While the economic sector for both product and services continues to enjoy steady growth fueled by high levels of employment and consumption, the industries have been ...

4. Analysis of Results The outcomes of the survey and interviews point to specific patterns in regard to the participants’ perception of Business Intelligence consultancy, leadership and the theory that was selected for this study. The particpants’ perceptions consist of what BI is and what is required to achieve and maintain success in the BI industry sector. Loshin (2012) contributed that BI is “the exercise of data collection used to analyze business through the different lens of different decision makers”. The Data Warehouse Institute define BI as "processes, technologies and tools that transform data into information" (Loshin, 2012). The ...

Introduction

Offshoring is a common trend to a majority of international companies that have their root of operation outside the U.S market. Apple Inc. is one such company that has been caught up in a flurry of controversy regarding its stake in remitting taxes to the U.S government. Besides, the offshore account maintained by Apple Company has led to serious criticisms and flurry of accusations. This essay focuses on the main reason why companies like Apple would wish to maintain offshore operations rather than refocus their operations in its domestic country.

Reasons for Offshoring

The main motto that is behind Apple’s decision ...

Apple Inc. is located in Cupertino California. The multinational technology company specializes in the manufacture of computer electronics, software development, and online services. Primarily, its products include the IPhone, MacBook, iPod, iPad tablet, and the Apple smart watch. In addition, the company has an apple store that stores consumers’ application. Notably, it is a public traded and has the highest revenue among information technology corporations. Besides, it is known for quality products and being one of the most valuable brands in the world. For this reason, I have decided to address Apple’s operation management and how it has ...

1. In a globalized workplace, many companies actively seek to move their base of operations and manufacturing plants to cities and countries with a low-cost labor force. What steps, if any, can workers take, either within a union or outside of a union, to protect their jobs and prevent companies from offshoring their positions and responsibilities? Globalization has been the primary driving force behind the offshoring of jobs. Offshoring can be comingled with the occurrence of outsourcing, but the two are actually divergent concepts. Companies outsource when management hires another company to perform work or services the hiring company ...

Abstract:

Many multinational enterprises (MNEs) are under pressure to offer more value to their consumers, as well as, make profits while facing steep competition. The cost of operations and productions of any organization directly determines the organization’s success. Offshoring or moving headquarters overseas allows organizations to move its business operations and functions to a different country (DiMattia, 2004). Many major MNE are often underutilized even though they have incredible knowledge resources. The main reason is that often the knowledge required within one part of the organization exists within that organization but the access to that information by those who ...

How Will I Going to Prepare Myself to Compete in This Global Environment

Abstract The book of Thomas Friedman “The World is Flat” reveals a big difference between ‘development’ and ‘globalization’. Technological progress and political compromises led the world far from what it was half a century ago. He talks about three stages of globalization: Globalization 1.0, Globalization 2.0, and Globalization 3.0. Such modern phenomena as outsourcing and offshoring could not have been possible without the World Wide Web and introduction of network technologies. Today, protectionism is abandoned and countries compete for an opportunity to have business offshore on their territories, while lots of locals work for a foreign company without leaving ...

ftr case 18: LEGO GROUP: AN OUTSOURCING JOURNEY Q1. LEGO had many expectations from the relationship with Flextronics. The main expectations that LEGO required include efficient cost saving techniques, the change of management ability to handle its global production network, upgrade of the procurement processes, profit improvement, the transformation of the aspects of standardization and documentation to become valued, and to become competitive and diverse in the market (Ramanujam).

Q2. The main challenges in maintaining a relationship like the one between LEGO and Flextronics include:

Flextronics become a necessary evil Difficulty in maintaining effective control and coordination of an increasingly global network of production facilities such as LEGO Lack of proper management of their global ...

Introduction

Engineering is the act of recognizing a problem, formulating the ideas to solve it and implementing the proposed solution. Soon, the engineers will be required to employ new tools and technologies at the same time incorporating social, economic perspective in problem-solving. The different engineering professionals need to work together as a team to achieve the desired goals. Most of the problems are also becoming more and more complicated, and this needs the engineers to widen their scale beyond the technical aspect. The engineers are expected to work and socialize by asking questions concerning other engineering professions and non-engineering professions ...

Introduction

International migration is used to generally refer to movement of people from their country go live in other countries. There are several reasons associated with this form of migration such as civil war in the country of origin, search for employment, economic hardships in a person’s country, epidemics, and a search for bigger career opportunities. In most cases, international migration involves people moving from developing countries to go and live in developed countries which in turn impacts negatively on the developing countries. This is because such countries end up losing their skilled human resource as most of those people that ...

Analysis of Contemporary Business Tendencies

Introduction In his book “The World is Flat” Thomas Friedman addressed issues of contemporary global business environment and its latest changes over the past thirty years. The author analyzed the history of global business development applying the term “flat” to the world as a space for business operating and the term “flattener” for the factors influencing global business changes (Friedman, 2005). The current paper is devoted to the critical analysis of three chapters of the book. Three factors making impact on business development are reviewed using material from the second chapter of the book. An analysis of practical ...