With globalization grabbing the opportunities of all factors of production at the international levels of business management, organizing and working across diverse workforce have become essential functions of today’s leaders. The outsourcing process requires the managers to…
Unlike the past era of unitary entrepreneurship practices, the present day business in the international level requires a wide range of resources and quality management to ensure profitable business. Globalization has opened the doors for investors to set up their business at preferred locations without the worries about conventional barriers of language, culture and political differences as experienced in the past. As a result, more and more companies are coming forward with their share of interest in the international economic arena and are enthusiastic to experiment all possible methods to expand their business across potential regions of the world. Even though outsourcing provides a lot of opportunities to the leaders to find and test new talents at regular intervals, it carries the risk of inconsistent performance challenge at the macro level. As Hook (n.d.) points out, the new observations of business focus on outsourcing much beyond the traditional cost-cutting benefit and find it as a strategic device to ensure forceful impact on economic stability and growth. As a result, the companies in America have shown a steady growth in the share of their investment in outsourcing during the past two decades.
By realizing the fact that the core competency of the company’s outsourced human resource depends upon its capacity to produce the quality result within the stipulated time, managers can convert outsourcing for competitive advantage. According to Forbes report by Mourdoukoutas (2011), the instability concern about outsourcing is primarily due to the unlimited expansion possibilities before companies to find new resource destinations, which eventually creates fear among the existing employees. Thus the insertion of vision and virtues of loyalty and relationship values can guarantee the success of outsourcing to a great extent. Outsourcing is vulnerable to operational issues such as differences due to changing managerial standards, chances of ...
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