Week #7 - There are many cost and benefits of outsourcing...

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There are many cost and benefits of outsourcing and it occurs throughout businesses throughout the world today. Some of the benefits include lowered cost, time zone advantages, opportunity to reach other areas, and availability. I am somewhat on the fence about outsourcing, because I see both sides. But my gut tells me it is no good and it just does not sit very well with me. Outsourcing in general can be defined as passing of service provision or production to another internal or external party. The chief reason of outsourcing is to reduce capital expenditure over a business process. Also management gets more time to concentrate over core competencies. This also reduces the dependency upon internal resources and increases the flexibility to meet the changing business and commercial conditions. The reason I do not like outsourcing is because it seems to occur more in the larger companies. And I believe the larger companies can afford to pay the people who may need it in our country. I also believe that a little more hard work can give your company
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This document was uploaded on 07/22/2011.

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Week #7 - There are many cost and benefits of outsourcing...

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