Compare the short & long term implications for stock transactions
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Compare the short & long term implications for stock transactions volume & profitability for an outsourced business Website development vs. hiring the appropriate personnel to develop the site.
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Ideas to compare the short & long term implications for stock transactions, volume, and profitability for an outsourced business are embodied.
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Website development
If a manager decides to hire system administrator, maintenance programmer, copywriter/editor, designer, and Webmaster to develop a new business Website rather than outsourcing the project. How is it best for the manager to approach the issue taking in consideration that the human resources to be hired must be fully utilized in order to generate profits. Will the decision have any effect on the package of features that may be offered on the website?
The website Design Requirements - IEEE Computer July 2002
1) Navigation
2) Response Time
3) Content
4) Interactivity & Responsiveness
The Manager needs to consider the Cost Benefit Analysis
In-source
1) Salary
2) Fringe Benefits
3) Facilities
4) Software
5) Training
Outsourcing
1) Security
2) Reliability
3) Maintenance
4) Re-scalability
5) Service level agreement
Salaries + Fringe Benefits
SA - $ 3,000
MP - $ 3,000
CW/E - $ 5,000
WM - $ 6,000
--------------------
Total - $ 17,000
---------------------
Facilities
Electricity, Water, Gas for Heating - $50 per person x 5 - $250
Software
Dreamweaver, Frontpage & Photoshop etc. Depreciation $ 125 (Capital Cost $3000, Depreciation: 1500/12 months)
Training/Induction
$ 50 per person x 5 - $250/-
Average Website Development time - 3 months.
Total cost - $ (17,000+250+125)x 3 + 250 = $ 52,375/-
Note: Salary+Facilities+Software Depreciation for 3 months + Training Cost
Therefore if an outside company agrees to do the website at a lesser cost within 3 months it is acceptable.
Compare the short & long term implications for stock transactions volume & profitability for an outsourced business Website development vs. hiring the appropriate personnel to develop the site.
The Stock Market
When people refer to "the stock market" or "the market" it can sometimes be confusing to beginning investors as to what those terms actually mean. Are they talking about all the stocks that trade on the NYSE, all the stocks that trade in the U.S., or all the stocks in the world? Typically when people refer to "the market" they are talking about all the publicly traded stocks ...
Education
- BSc (Hons), University of Colombo - Sri Lanka
- MEngSc, University of Melbourne
- Certificate IV in Training & Assessment , Australian Business Council
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