We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Pros and Cons of Outsourcing - Research Paper Example

Comments (0) Cite this document
Summary
Outsourcing is a potentially debatable subject because of the range of its pros as well as cons for the company hiring the services of the outsourcers, the outsources, and also the…
Download paper
GRAB THE BEST PAPER
Pros and Cons of Outsourcing
Read TextPreview

Extract of sample
Pros and Cons of Outsourcing

oose to outsource to avoid the pain of manufacturing in-house and reduce the cost of business while the risks involved in outsourcing are mainly lack of coordination, and linguistic barriers. Right management is the secret of a successful business which uses outsourcing.
Outsourcing particularly proves beneficial for small companies. One of the success stories for such a case has been the outsourcing of Finance and Accounting (F&A) by Rhapsody; the music-subscription service. Originally the company was functioning as a joint venture, but when the parent companies separated, the finance president Michael McGinn immediately needed a finance team, so he opted for outsourcing. McGinn hired the services of an Indian company who did all for the company ranging from making payrolls to account reconciliations. This benefited the Rhapsody in numerous ways; additional resources were produced within six months only, scaling back was achieved without penalties, and the five employees in the Indian company cost the Rhapsody as much as two US-based employees would get. Technology has made it very convenient for small companies to outsource the F&A work at cheap rate. As a result of the increased competition in the market, outsourcers have started to render their services at cheaper rates. There has been a six to eight per cent decline in the price of F&A outsourcing between 2009 and 2011. Over a period of six years starting from 2004, the outsourcing contract has declined in value from $30 million to $18 million not only because of “increased competitiveness and falling price points, but also [to] the increased number of engagements being signed with organizations in the $750 million to $3 billion revenue category” (Stuart). According to Ben Towbridge, the CEO of Alsbridge, an offshore finance employee costs a company anywhere from $18,000 to $28,000 annually, whereas a US finance worker charges the company up to $70,000 including benefits (2011).
The core idea of starting ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Pros and Cons of Outsourcing Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.net/management/522900-pros-and-cons-of-outsourcing
(Pros and Cons of Outsourcing Research Paper Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.net/management/522900-pros-and-cons-of-outsourcing.
“Pros and Cons of Outsourcing Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/management/522900-pros-and-cons-of-outsourcing.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Outsourcing with pros and cons
Outsourcing has become one of the most important management activities in recent years (Bromage, 2000). Due to changing business environments organization needs to adopt measures to lead to better quality of services and greater flexibility in management.
12 Pages(3000 words)Research Paper
How outsourcing and offshoring effects US businesses that use this resource, and the American workers/communities that are impac
Accordingly, rather than viewing these processes in something of a one dimensional aspect, it will be the purpose of this author to discuss and analyze both the pros and cons of outsourcing as a means of providing a more realistic and nuanced understanding of how this practice impacts the economy as well as the individual shareholder within society.
4 Pages(1000 words)Research Paper
Pros and Cons of Globalization
It cannot be described as a process neither with a beginning or a clear end. Furthermore, it cannot be applied with certainty to all individuals across all regions. Globalization involves integration of the economy, transfer of various policies and regulations across borders, knowledge transmission, cultural stability, relations, reproductions and power discourse.
25 Pages(6250 words)Research Paper
The benefits and drawbacks of finance and accounting outsourcing
It is seen that today more and more companies are outsourcing their core functions like accounting/finance, IT, HR and payroll. The idea behind outsourcing is to take more time and money for strategic management, decision making and other administrative issues (Yahya & Susela, 2011).
4 Pages(1000 words)Research Paper
Pros and cons of outsourcing
outsourcing proposes great opportunities for modern organizations to reduce financial costs and improve technology. The terms outsourcing and insourcing do not capture the complexity of sourcing options available on the market place. There are several taxonomies of sourcing decisions that have been adopted.
10 Pages(2500 words)Essay
Pros and cons of outsourcing Human Resource Managment Functions
outsourcing. The outsourcing of human resources has both its positive and negative outcomes though the benefits far overshadow the negative impacts of
5 Pages(1250 words)Research Paper
Institutional adoption of Open Source Software pros and cons
The institutes have to adopt different ways in selection of an open source application which will be able to fulfill their technical and managerial needs. Our research is focusing on the issues which are faced by
9 Pages(2250 words)Research Paper
Preschool pros and cons
The importance of preschool education can be regarded as a widely discussed topic among the educationalists and the intelligentsia. There has been various studies supporting and refuting the role of preschool education; a
5 Pages(1250 words)Research Paper
Is Outsourcing a Good Idea
Outsourcing helps the entrepreneurs achieve this goal. When an entrepreneur in an advanced country outsources labor or services from an underdeveloped or the developing country, the service is provided at a much lower cost than what the local
2 Pages(500 words)Research Paper
CEO Project---Pepsico
The first action in implementation will involve definition and identification of the relevant steps, which will aid the company in achieving organizational mission. This allows for
7 Pages(1750 words)Research Paper
Let us find you another Research Paper on topic Pros and Cons of Outsourcing for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us