Advantages And Disadvantages Of Outsourcing Business †Free Samples

Question: Discuss about the Advantages And Disadvantages Of Outsourcing Business. Answer: On the basis of the conducted research it has been concluded that the research depends on the advantages and disadvantages of outsourcing business. In the business corporations, the concept of outsourcing has brought a number of changes and that too a considerable level in the recent years. Nevertheless, in the present time, business entities have a propensity of dealing with the procedure of outsourced practices that could be maintained abstemiously low-ability practices and data focused services (Bryman and Bell, 2015). Apart from the fact that, outsourcing practices have been grabbed with the typical support and the developing of their negotiation has indisputably disagreed with some weight inside and outside associates. Nevertheless, it is also observed that expected improved two-way feature of supplier-consumers relations in the concept of outsourcing requires a focused reflection on its definition. The below presented analysis has been focused on the two given assessments and t he same has been presented as a reflective essay. Segmentation has been done for the essay and there are two major divisions which are made focused on the advantages and disadvantages of outsourcing business (Zikmund et al., 2013). The first part consists of the divisions which involves the creation of a clear understanding regarding the research methodologies which can be adopted by a business corporation. In this research the first part comprises of the analysis which has been conducted on the background. The analysis further consists of the description of the of the term outsourcing. The concept of outsourcing has been considered as a distinct experience for the business corporation (iek and Ozer, 2011). The term outsourcing can also be held responsible or referred as one of the significant tool which can be utilized by the business entity so as to attain the milestones of growth, business, and operational strategies. Further with the analysis it has also been concluded that the concept of outsourcing for the past years was considered as the offshore international sourcing which is executed by the business entities so as to develop amanagement in the expenses associated with manufacturing as well as to advance and update the performance of the firm. The presented report has been focusing on the process of outsourcing and also the advantages and disadvantages of the concept are also analyzed (Dolgui and Proth, 2013). Further, there was two hypothesis defined by the outsourcing practices in a particular business that showed a negative and positive impact of the practices. On the basis of the research and the analysis executed over the concept, I accessed some knowledge over the study and the same is required or can be utilized for the research techniques for offering a better perception of the process of outsourcing. This research comprised of the data which was collected from the primary and secondary sources. The main sources of data collection are the peer reviewed journals, reports and in case of collecting primary data the major source for study were results from IBM (Kang et al., 2012). Furthermore, number of data sources were included in this study such as sampling process, data analysis etc. By making use of thee sources and methodologies, I attained a sense of reliability and validity on the research mechanisms utilized in the study. But it has also been noted that the reliability of the research have some limitations in context of the primary analysis. Moreover, the research also lacks on some points such as a comparison of the studies which is required to be investigated for executing the outsourcing operations adopted by the business corporations. On the basis of the further analysis if executing additional research on the concept of the outsourcing and the associated practices outsourced to suppliers who have attained expertise in the specific areas (Hair, 2015). Such suppliers are making utilization of mechanisms and tools equipment for evaluating the results of the conducted analysis within a short period of time. And from all these analysis it can be inferred that with the assistance of this methodology, the business corporation will be aided in the business operations and will be focused and will efficiently in their core activities (Eriksson and Kovalainen, 2015). The concept will aid the entity in ignoring the othermanagement tasks as they can be done by the other related to the other outsourcing entities. And hence, this concept offers a sense of relief to the business corporation as now the focus will only be concentrated on their core objectives and goals. In addition, the other benefits of this process such as reduction in staffing cost, depletion in operational cost. Through this process the company can share the risk and it can also delegate the power and authorities. It will help to attain the long term goals and objectives of the firm. Through outsourcing process, the organization is able to share power and responsibilities with other minor outsourcing companies (Sreejesh, Mohapatra and Anusree, 2014). In this way, the company is able to gain long term advantages in the market across the world. After the various researchers, it has been evaluated that this process also helps to reduce and prevent the various mistakes and inaccuracy within the organization. This process also provides assistance to thehuman resource management in the company. It helps in recruitment, selection and performance appraisal process in order to hire potential and competent candidate in the organization. Now it has been analyzed that above mentioned report guided me to know and evaluate the merits and benefits of outsourcing process in the company. Along with this, it also explains the demerits of the outsourcing process. It reduces the efficiency and effectiveness of the company as well as employees (Wilson, 2014). As result it also reduces the profit and revenue of the firm. Further disadvantages of the outsourcing process include hidden cost and security threat etc. It also affects the productivity and performance of the employees. Further, various quality issues are faced by the company. Due to outsourcing process, the firm is able to maintain control on its business processes, procedures and policies. As a result, the firm has to bear major loss in the market. The organization is also not able to maintain confidentially in the organization due to ineffective outsourcing process. There is big gap between the capabilities and resources due to outsourcing process (Narayanan et al., 2011). Thus, it affects the growth and success of the company adversely. On the basis of the above conducted research it has been analyzed and concluded that according to these facts it has been noted that the business organization will be aiding with numerous advantages and disadvantages by making initiatives towards the concepts of outsourcing within their organizational structure and also in the operations and functionalities. And also the issues are analyzed and described which will be faced by the business entity after implementing the process of outsourcing. Whereas, if the implementation of the mentioned methodology has been done with a quality approach and done by a reputed company then there will be chances of low risk faced by the business entries. References Bryman, A. and Bell, E., 2015.Business research methods. Oxford University Press, USA. Zikmund, W.G., Babin, B.J., Carr, J.C. and Griffin, M., 2013.Business research methods. Cengage Learning. iek, I. and Ozer, B., 2011. The effect of outsourcing human resource on organizational performance: the role of organizational culture.International journal of business andmanagement studies,3(2), pp.131-144. Dolgui, A. and Proth, J.M., 2013. Outsourcing: definitions and analysis.International Journal of Production Research,51(23-24), pp.6769-6777. Kang, M., Wu, X., Hong, P. and Park, Y., 2012. Aligning organizational control practices with competitive outsourcing performance.Journal of Business Research,65(8), pp.1195-1201. Hair, J.F., 2015.Essentials of business research methods. ME Sharpe. Eriksson, P. and Kovalainen, A., 2015.Qualitative methods in business research: A practical guide to social research. Sage. Sreejesh, S., Mohapatra, S. and Anusree, M.R., 2014.Business research methods: An applied orientation. Springer. Wilson, J., 2014.Essentials of business research: A guide to doing your research project. Sage. Narayanan, S., Jayaraman, V., Luo, Y. and Swaminathan, J.M., 2011. The antecedents of process integration in business process outsourcing and its effect on firm performance.Journal of Operations Management,29(1), pp.3-16. Advantages and Disadvantages of Outsourcing Business – Free Samples Question: Discuss about the Advantages and Disadvantages of Outsourcing Business. Answer: Introduction: I have executed this research program on the topic Advantages and disadvantages of Outsourcing Business Function in Small Business. In this reflection, I have discussed the knowledge which I have gained by getting enrolled in this research program. I have also discussed the importance of the knowledge and skills gained for my future and for my professional life. This research has provided a quality experience to me. I have discussed the knowledge which I have developed regarding the research topic. In this research program, I have made discussion on the most common aspect of the business environment which is outsourcing business functions. While executing this research program, I have learned about the concept of outsourcing business environment and pros or cons of outsourcing business function. I have understood that the role and importance of outsourcing business function have increased with the change in the different factors of the business environment. Outsourcing can be defined as a delegation of the business environment to the other firm or external party and gets the task performed as per the agreed criterion. There are various factors which have resulted in rise in the number of companies opting outsourcing business function. These factors include a reduction in the cost, enhance the flexibility of business operations, and enhance the quality of the task or function outsourced and many more. I have gathered quality data for enhancing the knowledge of the different aspects of the research program. This knowledge which I have gained has provided clarity to my thoughts regarding the outsourcing business functions and its importance for small business. In this research program, I have gathered information related to advantages of outsourcing to business. These advantages of outsourcing business function include expertise in the function outsourced, enhancing the performance of the function outsourced, focus on the important functions of the business, reduction in the time and cost involved, reduction in the risks and reduces the efforts of the business. I have developed knowledge of various disadvantages of outsourcing business function. These disadvantages of outsourcing business functions include an increase in the risk to the confidentiality of the confidential data of the business, loss of control on the operations, hidden cost and delay in the work delegated. This research has enhanced my skills and knowledge regarding the topic of the research. The concept of outsourcing has gained much importance and I have analyzed that the number of businesses using outsourcing has increased. According to me, the learning process is an important aspect for one as it enhances the experience gained by an individual. I will apply the knowledge which I have developed during the execution process of this research for performing the tasks assigned to me with applying better approach. This experience gained while executing this research has acted as a base for the future knowledge. I have learned the manner in which I can conduct research programs. Learning process of this research has helped me in completing the research for meeting the objective of the course successfully. For the completion of the course, criteria of the research need to be met. For attaining the objectives of the program, I have analyzed the manner in which research programs are carried out. This course and program are crucial aspects of the future career and life as the knowledge gained can be applied in different aspects of the future career and life. As a professional, I will have to conduct market research activities or business research activities for gathering knowledge related to the task assigned to me. I will use this knowledge gained for attaining the goals of a future career in an enhanced manner. I have conducted this research by developing knowledge of the manner in which a business research is carried out. I have learned about the research topic as well as different methods or approaches which can be considered for collecting reliable and authentic data for the research. I have applied different methods or approaches for ensuring that I have conducted the research in most suitable manner. I have gathered data with the use of reliable sources. A questionnaire has been presented for gathering data related to the research program. I have analyzed various internet sources for presenting views of the different authors. This research program has contributed towards the development of my knowledge along with preparing me for better future opportunities. I would be able to take advantage of these opportunities on the basis of the knowledge which I have gained while executing the different activities of this research. This business research has encouraged me to learn different aspects which are required for completing the research program. I will use the skills for ensuring that the roles are being performed properly in future. Conclusion: In the assignment one and assignment two, I have conducted different activities. In the assignment one, I have presented information related to the research topic so as to execute the research successfully. I have collected data related to the research topic for ensuring that the objectives of the research are attained. I have formulated research objectives and research questions so as to guide the research program in the right direction. In the assignment two, I have discussed various methods or approaches which I have applied for gathering relevant data. Summary of the literature review has also been presented. The knowledge which I have gained will be used for attaining the objectives of the future role or career. This learning will ensure that the future roles are fulfilled and Im able to ensure that the proper methods are adopted for the attainment of the objective. Thus, it can be summarised from the above discussion that execution process of the research program has enhanced my knowledge by contributing to my skills. Knowledge which I have gained will help me in future in performing the roles and responsibilities assigned. This learning process has encouraged me for performing the future research programs in a better manner. I will use this knowledge gained for meeting the objectives set.