Saturday, January 4, 2020

Outsourcing Of The United States - 1355 Words

According to Investopedia, outsourcing is â€Å"a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally† (Investopedia, n.d). Companies use outsourcing to reduce costs and improve productivity. In the 1970’s and 1980’s was when companies first began looking for alternatives to increase their profits and increase the production of their products (Narayanan, 2015). Products were becoming to expensive to make in the United States and other lesser developed countries were less expensive, and that is why the United States turned to China for production. There are lots of other reasons for outsourcing such as gaining access to new markets, gaining global knowledge, focusing on their core business practices, and being closer to their resources. Gaining access to new markets happens because the company is moving production abroad, and they are in a whole new area. When they begin production in this area, the people of that country are opened up to that new idea. Also gaining global knowledge is very similar to gaining access to new markets. With the company being in a new country they learn a lot about that country. They need to learn practices, customs, language, etc. If that company doesn’t learn customs, beliefs, or practices then they can offend the citizens of that country, and then their company will not be as successful. If a company decides to outsource, they also can focus on their coreShow MoreRelatedLabor in the United States and Outsourcing Essay1034 Words   |  5 PagesOutsourcing emerged on the financial arena during the 1980s and has since then been spreading. Outsourcing production was furthered with the process of globalization which provided a new component leading to the strengthening of resources, skill and labor specializations across the world. The process of outsourcing is using the skill and abilities of a third-party to acc ommodate society on the foundation of labor. As stated earlier, it was during the 1980s that the process kicked off mainly due toRead More Outsourcing to India: Is the United States benefiting from it?2365 Words   |  10 PagesOutsourcing to India: Is the United States benefiting from it? I. Introduction â€Å"Did you hear the news? No, what happened? We are shipping all of the IT jobs to India †¦Ã¢â‚¬  Water cooler conversations are beginning to sound more and more like this. Outsourcing of jobs has become a major concern for employees at large corporations (technical or financial). The economic drought that the United States faced in 2000 to late 2001 led to numerous cost-cutting measures, but none more effective thanRead MoreWhy Outsourcing Hurts United States Economy? Essay1532 Words   |  7 Pagesoffshore. They include chip design engineering, basic research— even financial analysis. Can America lose these jobs and still prosper (R. Hira, 2008, p-1)?† The reaction of this news was swift and divided. Definitely large corporations that will be outsourcing will make huge profits in the long run but â€Å"what about the American citizens?† Jennifer, an American citizen, working for a big recruiter company, was sitting in her cubicle sorting out the resumes and suddenly manager calls in for meeting. SheRead MoreThe Impact Of Outsourcing Of American Occupations Abroad1489 Words   |  6 Pagesmy point is to portray the effect of the outsourcing of American occupations abroad. There are two strong arguments with outsourcing: one that accepts the handiness and profits of the outsourcing and the other that energetically restricts outsourcing and focus on its negatives. 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The topics include the background and nature of offshore outsourcing, reasons for outsourcing, why trading promotes gain, current economic standing from outsourcing, and finally how outsourcing affects wages andRead MoreEssay about Job Outsourcing542 Words   |  3 Pagesthat is constantly debated, though there is no obvious solution to the United States perpetual economic problems. Held within the crumbling economy of today, are many ongoing controversial issues that plague our once healthy nation. One such problem is job outsourcing, an issue with many schools of thought giving the topic its controversial nature. nbsp;nbsp;nbsp;nbsp;nbsp;The exportation of jobs offshore is job outsourcing. This, to some, is believed to be a benefit to our economy. AccordingRead MoreProtecting American Jobs Essay1485 Words   |  6 Pagescompanies that transfer jobs offshore by outsourcing or manufacturing. No, stiffer taxes are not going to significantly effect the number of jobs that are being transferred off shore due to outsourcing. Instead the United States government needs to lower the average tax rate on multinational corporations and fix the loopholes that are currently being used to avoid paying these corporate taxes. For years American companies have been scrutinized for outsourcing their jobs by off shoring. Even thoughRead MoreOutsourcing: Staying Competitive In The Global Market Essays1719 Words   |  7 Pagesaddress what key elements companies in this situation need to address, such as, quality of customer service provided, security of confidential information, and the possibilities of cost savings, in order to be sure that outsourcing is the best solution for their company. Outsourcing to Stay Competitive For companies to stay competitive in todays global market, many are facing the decision to outsource sectors of their company. By taking a part of their business offshore, a company can lower their

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