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Buisness Economics - Essay Example

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Buisness Economics

It is argued that cost has played a major role in the emergence of the outsourcing business world over. Companies in the western world have been outsourcing jobs from their land to low cost areas such as India, China and Philippines. In the early part of 1990's companies in India recognized importance of cost factor and introduced a good strategy to increase their business. There are instances that a particular company is giving shape to an industry. Though during mid twentieth century there was a number of United Kingdom based business groups, who have outsourced high cost works to India, it was in the late part of the century that this has emerged as a major service industry. The emergence of service industry has also helped India to become global powerhouse of knowledge based industrial activity.
Infosys Technologies is a major Indian company working in the field of information technology. They are considered as pioneers of business process outsourcing in the country. Understanding big opportunity in the sector they had laid out clean strategy to win over others. Today Infosys has emerged as one of the most respect IT companies in India. Their share prices are soared tremendously during the last two decades. ...Show more

Summary

The structure of an industry has a major role in defining a company's competitive advantage in this global scenario. An industry is conceived as a group of companies that market products which substitute each other. The profitability of a firm is directly linked to the structure of that industry…
Author : ryanluther
Buisness Economics essay example
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