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Globalization and Outsourcing

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There are pros and cons of globalization and outsourcing. How might a business capture globalization and outsourcing advantages and minimize disadvantages?

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One of the main problems with outsourcing is that it brings serious amounts of negative publicity. When businesses take their ventures globally, it literally opens up an entire world of opportunity, which means increased revenue due to the increase in company exposure. The idea is the same as if the company remained domestic - go global, get your name out there, and start building brand equity to eventually try and dominate the market share. When going global, companies also often find that they can hire workers in other countries to make the ...

Solution Summary

This solution explains the pros and cons of globalization and outsourcing. I also discuss how a business can capture globalization and outsourcing advantages, while minimizing potential disadvantages. A thorough discussion is provided.