Outsourcing

[Date of Submission]

Table of Contents

Introduction1

Forms of business aspects covered by outsourcing1

Outsourcing with reference to Hechlinger, J. Article2

Other articles highlighting the application of new learning with respect to outsourcing3

Dean Meyer's Article highlighting the advantages of outsourcing3

Sholstica's Article highlighting the disadvantages of outsourcing6

Present and future application of outsourcing within workplace6

Conclusion7

References8

Outsourcing

Introduction

In the present dynamic environment, one way the companies can gain competitive edge over their competitors is by taking full advantage of all the business aspects. One of such possible aspect of performing organizational activities in an efficient manner is through the platform of outsourcing that provides a company an opportunity to hire an outside firm having proficiency in a particular field and then getting some of the organizational tasks completed through this hired firm either at a reduced cost or an increased productivity rate. A number of factors (both related to internal and external environment) are considered that helps to decide that whether outsourcing is a right answer for a particular company. The process of outsourcing facilitates learning of a number of aspects that if properly applied within an organization can serve as a competitive element for the company, enabling them to remain a competitive force within the industry. The objective for writing this assignment is to highlight the outsourcing aspect by indicating the issues that revolve in the particular area, referencing to the new learning that has taken place by specifying its current and future application in the context of workplace. The assignment will be based on the analysis of research papers that revolve around the topic of outsourcing.

Forms of business aspects covered by outsourcing

In the current practice, outsourcing takes many forms as proficient service providers are hired to deal with distinct business processes such as benefits management, payroll, etc. Although, outsourcing definition includes both foreign and domestic contracting (Hira, Ron, & Hira, 2008), the term sometimes focus more on foreign contracting, making the term to be called as off shoring in which the company take a service out of their business and relocate it to another country (Davies, 2004). Companies are required to equip themselves with proper knowledge of outsourcing before taking a decision to outsource its activities.

Outsourcing with reference to Hechlinger, J. Article

Today's' business world of large and small companies has exemplified the use of concept by outsourcing different aspects of their business. One such example is of IBM, a country that had made an agreement I the form of outsourcing deal in the year 2003 to take over the computer operations of Visteon Corp., an auto parts maker. The value of the deal was suspected to be at $ 2 billion for over a period of ten years. The article that highlighted this outsourcing deal was written by Hechlinger in the year 2003 providing a thought provoking element that outsourcing for large companies such as IBM has proven to be of great worth because the company with the help of outsourcing process gets free from making huge investment in the information technology that the company might not ...