Outsourcing S To Foreign Country Essay Short Argumentative Essay About Technology
You own a company that employs about two hundred people in Maine to produce hockey sticks. In addition the minimum wage within Indonesia will be less than that of the U. These drawbacks usually result in lower production cost and therefore greater profits. According to James Moreland (2013) Americans should realize that outsourcing has little or nothing to do with patriotism. Foreign economies would be boosted by the jobs created, and the company will be saving production cost. Why might you decide to outsource your production to Indonesia? Would closing your plant and moving your operations overseas help or hurt the U. In such situations vendors may lack complete focus on your organization’s tasks With all these pros and cons of outsourcing to be considered before actually approaching a service provider, it is always advisable to specifically determine the importance of the tasks which are to be outsourced.It is always beneficial for an organization to consider the advantages and disadvantages of offshoring before actually outsourcing it.Would closing your plant and moving your operations overseas help or hurt the U. Now, armed with answers to these questions, ask yourself whether you would indeed move your facilities or continue making hockey sticks in Maine. There are fewer regulations to adhere to (health care laws, company security policies etc). S workers and consumers, outsourcing would create a multitude of problems. As stated by Yunchuan Frank Liu (2011) if a firm outsources to a third world country, there will be a cost saving effect but, on the other hand there will also be a weakening among the competition. Outsourcing would provide benefits to the foreign economy and the company. In the end we must realize that the intent of outsourcing is not to purposely take jobs away but, it’s a mechanism to sustain companies that create jobs while providing consumers resources and products.Bottom Line: In today’s highly globalized economy, multinational firms operate in a world marketplace that increasingly makes national borders meaningless and irrelevant, as firms capitalize on hyper-efficient global supply chains that add enormous value, and ultimately result in lower costs and higher quality for the goods that consumers buy here and around the world.
Outsourcing most commonly known as offshoring has pros and cons to it.Here are some key statistics on jobs insourced to the U. that highlight some of the significant economic benefits to the U. economy from the thousands of foreign-based firms that outsource jobs and production the US has a significant and positive impact on our economy, and yet this huge economic stimulus gets almost no attention.All we ever hear about from Team Trump is the jobs that are allegedly being “stolen” from us by China, Japan, Europe and Mexico.Read our detailed article which will help you in selecting an ideal vendor for outsourcing.Take home the offshore advantage with Flatworld Solutions - your ideal outsourcing partner!
Most of the time, the advantages of outsourcing overshadow the disadvantages of outsourcing.