Outsourcing essays india

Finance Outsourcing is subcontracting a service, such as product design or manufacturing, to a third-party company. The decision whether to outsource or to do in house is often based upon achieving a lower production cost, making better use of available resources, focusing energy on the core competencies of a particular business, or just making more efficient use of labour, capital, information technology or land resources. It is essentially a division of labour. Reasons why a firm could consider outsourcing are:

Outsourcing essays india

These countries had trained personnel who could be employed at low wages compared to wages in developed countries. This led to the first forms of outsourcing. Holmstrom conducted a study of Bangalore as a techno-city where flexible specialisation was introduced Holmstrom Outsourcing essays india more recent study on Bangalore details the problems of the software industry Heitzman It traces the relationship between information technology and social organisation in the city.

Outsourcing in the software industry is done by large companies in the developed countries. For example, the entire accounting work of a German MNC is done in Bangalore and so is the ticketing for international airline companies.

Similarly, the software upgrading of cell phones for US companies is also done in outsourced units. India has a comparative cost advantage as far as software is concerned. Similarly, the call centres have flourished because the operators know English and are available at cheaper rates than their counterparts in the USA and UK.

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The boom in call centres happened in the late s with the sudden and rapid improvement in communication technology in India. It has provided employment to several thousand youths especially in the cities.

A news report India Today The other form of outsourcing is the back office activities. These offices provide back-up services to companies in the developed countries, especially in the USA, providing information on various legal and other matters for the company that has hired them.

The costs in this case too are low compared to those in developed countries for the same services. We have described the type of outsourcing that is done at the upper end of the market. Outsourcing in the developing countries is mainly prevalent in certain industries that involve low technology and low labour costs.

Thus in industries such as textiles and garments outsourcing is quite popular. Bangladesh is at present an important area for outsourcing in the garment industry.

In India, outsourcing in garments is not very popular because there is a quota system for export of garments. Our textile industry is involved in export of better-quality fabrics.

Outsourcing essays india

We have discussed in the section on outsourcing in the domestic market how the power-loom industry has replaced the large textile mills.

In cities such as Surat, in Gujarat, the power-loom industry is engaged in outsourcing for markets abroad. Other industries that engage in outsourcing are the leather industry and the handicrafts industry.

In these industries, the labourers have low literacy and are impoverished, the wages being low and working conditions extremely poor. In most cases, workers are paid at piece rates, i. The rates paid are usually low and the worker has to put in ten to twelve hours of work a day in order to produce enough for getting a minimum wage.Outsourcing is subcontracting a service, such as product design or manufacturing, to a third-party company.

The decision whether to outsource or to do in house is often based upon achieving a lower production cost, making better use of available resources, focusing energy on the core competencies of a particular business, or just making more efficient [ ].

Outsourcing is subcontracting a service, such as product design or manufacturing, to a third-party company. Essays; Outsourcing; Outsourcing. 7 July In this context, the two most populous countries in the world, China and India, provide huge pools from which to find talent.

Both countries produce over , engineers and . India is a hotspot for outsourcing because it has many people who can speak English in an eloquent manner and its relations with America are considered better compared to those of other nations (India Report: Legal Outsourcing and Accounting Outsourcing to India, ).

The Advantages and Disadvantages of Outsourcing. The Advantages of Outsourcing. Speed and experience: Most of the time the tasks to providers that specialize in your field are outsourced. Outsourcing providers also have specific equipment and expertise, most of the times better than those in the organization of outsourcing.

India is currently the leading country for offshore outsourcing purposes and America makes up for nearly 60% of India’s market. India has always been a major market for all countries for outsourcing ever since it was first utilized. Outsourcing and Offshoring of IT to India - Outsourcing and Offshoring of IT to India Introduction One of the hottest trends today for big corporations is outsourcing and offshoring. Outsourcing simply means a company based in one nation will hire from other nations in order to more efficient accomplish its goals. Outsourcing is subcontracting a service, such as product design or manufacturing, to a third-party company. The decision whether to outsource or to do in house is often based upon achieving a lower production cost, making better use of available resources, focusing energy on the core competencies of a particular business, or just making more efficient [ ].

The offshore outsourcing industry started in India and it has been able to grow the IT and BPO export sector to $47 billion and capture more than half the offshore outsourcing industry. That is not to say that India does not have challenges or is . Outsourcing and the American Economy Essays.

Outsourcing essays india

leveraging their greatest resources as part of international trade in order to balance their economy, outsourcing .

Outsourcing - Sample Essays