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    You are the CEO of ABC Dress Shirt Corporation. Competition

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    You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concerns?

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    Solution Preview

    When companies outsource production, it must be strategically planned for several reasons. The most important factor to consider in outsourcing production is the exact nature of the product, and more importantly, the technology involved to manufacture the product. When production is outsourced, the risks can be high. Companies can lose proprietary data, including trade secrets, if caution is not taken. If this happens, it can give the foreign producer too much information ...

    Solution Summary

    You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concerns?

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