Pros and Cons of Outsourcing - 1004 Words

International Business 14 Feb 2013 Outsourcing Outsourcing is the contracting out of an internal business process to a third party organization. The term outsourcing became popular in the United States near the turn of the 21st century.(6) Outsourcing is big business today even for small businesses. Like every business decision we are faced with the advantages as well as the disadvantages of relocating part or all of a business. Outsourcing is one of the fastest growing trends in business as large-scale organizations have latched onto outsourcing due to the almost immediate savings and quality improvement. (1) Saving money by cutting operating costs, cheaper labor and lowering the cost associated with training is ultimately†¦show more content†¦Bottom line is since 2001 the United States has lost over 2.8 million manufacturing jobs, while expanding its workforce overseas by 2.4 million. It can partly, it can be explained by cheaper workers and in my opinion greed in corporate America. According to a report on outsourc ing â€Å"Manufacturing employment collapsed from 19.5 million workers in 1979 to 11.5 workers in Dec of 2009.†(4) Yes it is a drop in 8 million workers over 30 years. This has taken place in a country whose has a deficit of 1.1 trillion for four years running. It is estimated that by 2015 the number of jobs outsourced could be as high as 3.3 million. The practice of outsourcing has helped many companies in the US and Internationally but it has devastated the American Industry. Comparably well paying jobs are not being created fast enough to make up for positions that were sent offshore. With fewer people working less money is available to spend common items and on bills. The debate goes on and on blaming Politicians, President Regan or President Clinton for outsourcing. (2) Bottom line is it exists and many big businesses and their CEO’s have profited off a great loss to the American people. Outsourcing has damaged our country in ways that I feel the United States may not be able to recover from if a change is not made soon. Works Cited The Costs Associated with Outsourcing - Examining Outsourcing from BothShow MoreRelatedPros and Cons for Outsourcing1710 Words   |  7 PagesThe Pros and Cons of Outsourcing services in the US By Berend Schoute (1713035), student of the VU university Amsterdam. INTRODUCTION Hillary Clinton, I dont know what reality the Bush administration is living in, but its certainly not the reality I represent, from one end of New York to the other. This response came on the statement of the head of U.S. President George W. Bushs Council of Economic Advisers, Gregory Mankiw. He said: outsourcing is just a new way of doing international Read More Outsourcing IT Jobs: Pros And Cons Essay952 Words   |  4 PagesOutsourcing IT Jobs: Pros and Cons In 1973, a monumental shift was prevailing where U.S. companies were sending low skilled jobs within the manufacturing industry to offshore countries to reduce labor cost while maximizing profits. The effect of the jobless manufacturing work force was a shift of those laborers to focus on and perfect the service industry of what it is today (Koch 1). During the high tech recessions of the late 1990s and a nominal expansion of the present time, the InformationRead MoreEssay about The Pros and Cons of Outsourcing3739 Words   |  15 PagesIntroduction This paper is a general overview of outsourcing. It explores when to outsource and what advantages and disadvantages a public manager may face when deciding whether to outsource. I have chosen references to support this text that are both academic and colloquial. Indeed it was a discovery to learn that Outsourcing had become a well-developed academic area of study. My prior study of the subject revolved around personal conversations and non-academic magazine articles. ItRead MoreEvaluating the Pros and Cons of Global Outsourcing3779 Words   |  15 Pagesï » ¿Evaluating Global Outsourcing Introduction Global outsourcing has become a common term nowadays in terms of business as many organizations have been outsourcing, or simply we can say, getting people in other countries to work for them. It is mainly when an organization opens its branch/office in another country and hires people of that country to work for the benefits of their respective organization that is global outsourcing. Organizations from developed countries usually target emerging/developingRead MoreOutsourcing And Its Effect On The American Economy1398 Words   |  6 Pagesof outsourcing. Although outsourcing is financially beneficial to large businesses, it has detrimentally impacted the American economy through raises in the unemployment rate, lost countless tax dollars and compromised the integrity of products received. Outsourcing is a business tactic that consists of moving production of a product to either a sub-tier vendor or moving operations away from the company’s home country in order to eliminate costs. Recently, the most common way of outsourcing isRead MoreAnalysis of Three Videos on Outsourcing967 Words   |  4 PagesCritical Thinking Assignment: Overseas Outsourcing Introduction One of the most polarizing business practices of the last two decades continues to be the decision on the part of businesses to outsource production of their products to third world nations, The are a myriad of benefits and risks to outsourcing, often as diverse as the companies that choose this strategy as a means to compete globally (Beasley, Bradford, Pagach, 2004). The three videos analyzed in the paper have successfully definedRead MoreMabuhay Pumps Company1205 Words   |  5 Pagestheir own a foundry to cast pump housings and assortment fittings to prove their mastery in their line of business, it would be difficult for Renzo to point out that outsourcing their foundry production, would help the company in more ways than they expect, even though it is a huge change from the norm. Renzo believes that outsourcing will lessen expenses, generate more income and save enough money for future use or plans. The company’s president strongly believes that MCP does not need to outsourceRead MoreBenefits Of Outsourcing Supply Chain Management942 Words   |  4 PagesOutsourcing in different countries of the world has grown and is continuing to grow very rapidly, at a recorded rate of 20%-25% a year (Top 10 Risks of Offshore Outsourcing). Because of the many advantages that businesses can gain from outsourcing, there is no certainty that there will be a reduction of outsourcing anytime soon. The main advantage of making this business decision is that the businesses will have more time to focus on the principal aspects of their business, while the third partyRead MoreOutsourcing : Outsourcing And Outsourcing1579 Words   |  7 Pagesâ€Å"Outsourcing refers to obtaining certain services or products from a third party company, essentially sourcing something like accounting services or manufacturing of a certain input to another company. While many think outsourcing refers to using a service provider in another (usually cheaper) country that is not necessari ly the case. Outsourcing can be done to a company that is located anywhere, the location isn’t important.† (Offshoring vs. Outsourcing, n.d.). There are many reason a businessRead MoreThe Advantages and Disadvantages of Outsourcing1442 Words   |  6 PagesWhat are the advantages and disadvantages to outsourcing in the global marketplace? In these times of great globalization where many countries have erased their borders when it comes to trade outsourcing has become an option for many companies. Whether or not to outsource is a key question that companies must consider. According to the Pros and Cons of Outsourcing, â€Å"The decision to outsource or not is a matter of finding the right balance-the balance between managing labor costs, workflow, employee

Water Quality Of Drinking Water - 1629 Words

â€Å"Time Magazine, had reported that, â€Å"over 4,000 chemicals have been found in our drinking water.† This may not seem serious, but it is Water quality is sometimes unseen, it is a serious issue yet often ignored by many. Most people are convinced that bottle water is the best solution therefore no one really questions the quality of tap water. As a result, tap water is rarely investigated, and this leads to a detrimental issues. A three-year study was conducted, for the testing of water quality, as a result the report has found more than 200 unregulated chemicals in the tap water of 45 states. This seems very alarming and devastating water quality, however, that may not be the case. The most common bottled waters are Fiji ® Bottled Water and Dasani bottled water share the same common traits. Much of bottled water s popularity comes from the perception that it tastes better. However, in blind taste tests, people cannot tell bottled water from tap water and, in some ca ses, prefer water from the tap. For a small scale experiment on this Water is crucial for our environment and our survival as a species. It is the key element that completes us because humans are composed of 25% of water. Since we are dependent on water it is necessary for the water to be clean. Since we are so dependent on Water, we must understand the importance of water quality. There are several dangers that water quality can have on our planet. Experiments that will be conducted to show how chemicals changeShow MoreRelatedThe Effects Of Drinking Water On Water Quality1483 Words   |  6 PagesDrinking water is a simple idea but such a hard process to master. The water in our lakes and rivers is not safe to drink due to the toxins from vehicles, industrial plants, and natural sources. It is sad how much we take drinking water for granted. In many countries around the world, they do not have easy access to drinking water like we do here in America. In today’s society, whe n we receive water from a lake or river, it must be treated and cleaned before people can drink it. The drinking waterRead MoreWater Quality And Contamination Of Drinking Water2478 Words   |  10 PagesWater Quality and Contamination Introduction Body Paragraph #1 - Background: Humans use about 75 gallons of water a day for activities, such as cooking, cleaning, bathing, and laundry. Not only do we use water for our own well-being but we also use water to keep animals that we eat healthy and maintain vehicles that we drive on an everyday basis. Only three percent of the water on earth is suitable for drinking, where two percent of water is found only in glaciers and ice and one percent ofRead MoreThe Quality Of Drinking Water2112 Words   |  9 PagesThe Quality of Drinking Water and its Impact on Human Health There are only few things that tie us directly to the natural environment; one such thing is the water that we drink daily. Water is one of the most valuable natural resources and we cannot live without it. I personally never thought much of the importance of water in our daily life, till about a three years ago when my mother was diagnosed with final stage of colon cancer. My father, a nature lover all his life, through out every tripRead MoreWater Drinking Water Quality Standards936 Words   |  4 PagesDrinking water, also known as potable water or improved drinking water is safe enough for drinking and food preparation. Globally, in 2012, 89% of people had access to water suitable for drinking. Nearly 4 billion had access to tap water while another 2.3 billion had access to wells or public taps. The amount of drinking water required is variable. For those working in a hot climate, up to 16 liters a day may be required. Infants are about 70% to 80% water while the elderly are aro und 45%. TypicallyRead MoreWater Quality Of Clean Drinking Water1773 Words   |  8 Pagesexistence of water is critical to life on Earth. The world has been set up in a way that makes mankind heavily dependent on water for cultivation, sanitation, transportation, and most importantly, survival. However, over the last two centuries, while revolutionary technologies and discoveries have raised the overall standard of living, water quality has deteriorated significantly. The United Nations (UN) estimate that the amount of waste-water produced annually is six times more than the water that existsRead MoreThe Effects Of Water Quality On The Water Supply Of Drinking Water1174 Words   |  5 PagesParagraph #1 - Background: Water is perhaps the most important component of any ecosystem. All living organisms need water to grow and survive. As human population continues to grow, we need to understand and determine the effects our habits will have on the ecosystems and our water supply. Four factors that can affect the quality and importance of water are its abilities as a solvent, dipolar, benefits and costs. Acceptance and long-term sustainability of water quality interventions are pivotalRead MoreWater Pollution and Drinking Water Quality Essay937 Words   |  4 Pagesfighting to keep their drinking water clean. Whether it’s streams, rivers, or lakes, countries have taken great measures to maintain high quality drinking water for both human consumption and animal consumption. Countries must first understand the sources of the polltion, then determine the best methods to eliminate the pollution. Clean drinking water is a valuable resource and a the key to human survival. Plants and animals als o depend on water for their growth, so all water must be kept clean. TheRead MoreA Proposal On The Quality Of Drinking Water1332 Words   |  6 Pages A Proposal on the Quality of Drinking Water Georgiana Grecea Submitted to Prof. Steven Karl In fulfillment of course requirements for ENC 1102 Abstract: Good hydration is a very important aspect in our daily health and it is critical that we keep our bodies hydrated. Water is of great significance, since it is used for drinking and in preparing our daily food. Today, there are a lot of concerns about drinking tap water due to the fact that it may contain potential toxins; soRead MoreThe High Quality Drinking Water1392 Words   |  6 PagesAll of us need water; our body is made approximately of 60% of water. This liquid is so important for us that over the years the way in which it is delivered to the consumer had developed to increase the quality of the final product. In order to give to the consumer high quality drinking water, the distribution systems had to be developed to insure that the same water in which goes out of the water treatment plant is the water in which goes out of the consumer’s sink. Over the years some methodsRead More Bottled Water Quality vs Municipal Drinking Water Quality Essay1803 Words   |  8 Pagestap water as we do for bottled water, most people would have a monthly water bill of over $9,000. - -Andrew C. Revkin - The New York Times It is very common for research groups to set up a bottled water taste test. The results are always the same: without a label, there is no obvious difference among any kind of bottled water or even tap water. Yet millions of Americans routinely buy bottled water and re-filter their tap water. The Clean Water Act of 1972 was supposed to ensure all water sources

Finance Portfolio Management

Question: Discuss about theFinance Portfolio Management. Answer: Brazilian Stock Market Brazilian Stock Market, commonly known as BOVESPA, is one of the oldest stock market in the world. BOVESPA, founded on 23rd August, 1890, is situated at Sao Paulo, Brazil. There is a long history of Brazilian Stock Market. The year of 90s was the time of straggle for the Brazilian Stock Market. The market was losing ground in the world economy due to the lack of protection for shareholders, uncertainty in investment and the lack of technology. There was not proper management and transparency. However, Plano Real was the game changer for the Brazilian Share Market. Plano Real was an initiative taken by the Brazilian Government to revive the share market of Brazil (Hennings and Rocha 2013). The growth was due to a significant inflow of capital from the foreign market. This is the reason that BOVESPA is the fifth largest bourse in the world from the perspective of the participation from the foreign investors. The main reasons behind this significant participation of foreign investors are the high rate of internal interest and the revitalization initiatives taken by the Government. The percentage investment of foreign investors in July, August and September of 2011 was 33%, 34% and 36%. The growing investment percentages are showing the progress of The Brazilian Share Market (Sum and Wang 2014). There is a huge role of the Brazilian Share Market in the economic development of the country. First of all, this progress has improved the international image of Brazil to the whole world. On the other hand, the deficit management system has been improved as the Government is able to finance the deficits for much longer period of time with less interest rate. There is a good opportunity of costs reductions and capital expenditures (Janakiraman and Radhakrishnan 2015). The Brazilian Security Market is regulated by the Securities and Exchange Commission of Brazil, widely known as CVM. The full form of CVM is Commissao de Valores Mobiliarios. CVM has the authority to monitor the stock exchange and securities market as well as the Central Bank. The laws which govern the Brazilian Stock Market is Law no. 10,198 dated 14th February 2001, Law no. 10,303 dated 31st October 2001 and Law no. 10,411 dated 26th February. These laws have all the necessary rules, regulations and descriptions for the smooth running of the share market of Brazil. CVM has many works to regulate the share market of Brazil. CVM continuously monitor the share market to know where development is necessary. CVM is responsible for the efficient functioning of the share market of the Brazil. Protection of investors is another job of CVM (www.cvm.gov.br 2016). Difference Between ASX and BOVESPA The function of a share market is same all over the world. However, there are some differences exist due to the change in country. Australian Stock Exchange (ASX) and Brazilian Stock Exchange (BOVESPA) are two best stock exchanges in the world. The differences between these two stock exchanges are discussed below: The ASX is the ninth largest stock market in the world by market capitalization. The amount of average daily turnover in ASX is $ 4,685 million. SP/ASX 200 is the most important market index in ASX. The market capitalization amount of ASX is $ 1.6 trillion. The main products and services of ASX is shares, exchange trade options, warrants, options, real estate investment, listed investments and others. The trading currency of Australian Share Market is Australian Dollar (www.asx.com.au 2016). The BOVESPA or Brazilian Stock Market is the fifth largest stock market in the world by the amount of foreign investments. The capitalization amount of BOVESPA is US $ 1.22 trillion. This significant amount of market capitalization has made BOVESPA the 13 the larger stock market at the end of 2011. There are 381 companies trading in the Brazilian Stock Market. The currency of Brazilian Share Market is Brazilian Real (www.bmfbovespa.com.br 2016). From the above discussion it is clear that there is some major difference between ASX and BOVESPA. The difference is the raking. ASX is the 9th largest bourse in the world where the BOURSE is the 13th largest bourse in the world. There is also difference in the market capitalization amount. The market capitalization amount in ASX is higher than the BOVESPA. The reason is the condition of economy. The Australian economy is better than the Brazilian Economy. The Brazilian economy went through a very tough time. However, it is commendable that Brazil has recovered from that bad time and today BOVESPA is the 5th largest bourse in terms of the foreign investors. References Asx.com.au. (2016).Home - Australian Securities Exchange - ASX. [online] Available at: https://www.asx.com.au/ [Accessed 29 Sep. 2016]. Bmfbovespa.com.br. (2016).BMFBOVESPA Securities, Commodities and Futures Exchange. [online] Available at: https://www.bmfbovespa.com.br/en_us/index.htm [Accessed 29 Sep. 2016]. Cvm.gov.br. (2016).HOME. [online] Available at: https://www.cvm.gov.br/subportal_ingles/ [Accessed 29 Sep. 2016]. Hennings, K. and Rocha, F.A., 2013. Evolution of Capital Flows to the Brazilian Economy after 2008.Banco Central del Brasil, indito. Janakiraman, S. and Radhakrishnan, S., 2015. Discussion of The Effects of Corporate Governance and Product Market Competition on Analysts' Forecasts: Evidence from the Brazilian Capital Market.The International Journal of Accounting,50(3), pp.340-346. Sum, V. and Wang, A., 2014. Economic Growth, Stock Market Performance, Economic Growth Uncertainty and Foreign Participation in Local Equity Market: A Cross-Sectional Examination of 63 Countries.Stock Market Performance, Economic Growth Uncertainty and Foreign

Organization Development Principles, Processes, Performance

Control and why it is important in the organizational development Control in management refers to continuous checks on the operating processes to ensure that they run as expected. The general requirements of organizations are normally on the basis of reducing expenditures while at the same time maximizing the quality of output in the processes carried out by an organization. The essence of control is the alignment of objective to the desired plans of an organization.Advertising We will write a custom essay sample on Organization Development: Principles, Processes, Performance specifically for you for only $16.05 $11/page Learn More According to Singla (2006), control is the last function in managing an operation. The process that starts with planning and subsequent implementation of the outlaid plans needs to be counterchecked to ensure that they are â€Å"efficiently, economically and successfully implemented† (Singla, 2006, p. 218). Control ther efore plays the role of comparing the actual realization of the organization and the planned or ideal situations with the aim of identifying deviations for appropriate measures to be taken for correcting the deviations. One of the benefits which accrue from control is that it helps managers to identify possible areas in which actions are necessary. The importance of control is also exhibited by its fundamental nature in the management process. Though identified as the last management tool, control is the most important in managing since other aspects such as planning and organization can not guarantee success without being checked. It is the monitoring and evaluation processes of control that gives direction to the management on decisions to make with respect to the plans and organization that had been previously adopted. It forms the basis for making improvements or even reversing changes to processes that do not conform to the organizations desired goals (Singla, 2006). The counte rchecking aspect of control also helps an organization to improve the efficiency and effectiveness of its employees through identifying weaknesses that are then corrected. In the same way, weaknesses are identified with respect to operations and appropriate decisions made for the attainment of the outlined goals (Singla, 2006). Control is also identified to undertake prior checks over problems that can be anticipated in the processes. With this, it helps the management in identifying the problems beforehand and subsequently taking appropriate measures. It is therefore a preventive tool.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It also undertakes concurrent measures to identify immediate problems for actions as well as being used to analyze past processes to offer information for future planning by the management (Vallabhaneni, 2009). The outcomes of the control measures are then impl emented to the adjustment or termination of inconsistent processes. Individual development and organizational development Development is a process of positive changes that are realized with respect to an entity’s objectives. Such developments can either be instantaneous with discontinuity or they can be gradual and continuous. Developments in organizations are normally triggered by weaknesses or failure as realized with individuals who are responsible for different processes in the organization. It therefore means that a failure in an organization that will result in the need for development results from people in the organization (Weick Quinn, 1999). The process of ensuring development in an organization can either be based at individual level in which people in the organization are developed or empowered to ensure a culminated growth in the organization or can be based on the organization as a whose. The approach of empowering individuals to develop the organization thus i llustrates the link between the two with the concept that developing individual members of an organization is a development to the organization (McLean, 2005). References McLean, G. (2005). Organization development: principles, processes, performance. New Jersey, NJ: Berrett-Koehler Publishers. Singla, R. (2006). Business Studies. New Delhi, India: FK Publications.Advertising We will write a custom essay sample on Organization Development: Principles, Processes, Performance specifically for you for only $16.05 $11/page Learn More Vallabhaneni, D. (2009). What’s Your MBA IQ? A Manager’s Career Development Tool. New York, NY: John Wiley and Sons. Weick, K Quinn, R. (1999). Organizational change and development. New York, NY: Cengage Leaning. This essay on Organization Development: Principles, Processes, Performance was written and submitted by user Lindsey Goff to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.