Outsourcing Perspective of Strategic Management
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1. From the perspective of strategic management, what are the costs and benefits of outsourcing?
2. As a manager, what type of information would you gather and what analyses would you conduct to decide whether to outsource an activity?
3. How do you predict that outsourcing from U.S., Japanese, and European firms to China, Taiwan, and India will affect the economies and firms in the three sourcing countries?
(700 words total, not including questions...with references)
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Solution Summary
The expert examines outsourcing perspectives of strategic management. How you predict that outsourcing from U.S., Japanese, and European firms to China, Taiwan, and India will affect the economies and firms in the three sourcing countries is determined.
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1. From the perspective of strategic management, what are the costs and benefits of outsourcing?
Strategically speaking, there can be significant advantages and benefits that emanate from outsourcing if the company is able to ensure that they take the necessary planning stages to facilitate the best outsourcing approach. Some of the benefits include cost savings that will provide more revenue and profits for the organization, efficiency that emerges from outsourcing to a vendor that specializes in the function that the company is outsourcing, and the ability to limit uncertainty regarding the staffing levels within the organization as reductions in demand often lead to the organization having too many employees for production of products, which results in overhead costs.
Other benefits include the ability to gain a competitive edge in other areas of the business wherein the organization may need to free up space for new project designs, and outsourcing will reduce the workload while allowing the organization to focus on these other sources of concern. By focusing on the important business areas, the organization can limit unnecessary distractions and focus on the specific areas of growth that are important to the company while outsourcing those that are not considered critical ...
Education
- BS, Sam Houston State University, 1903 University Avenue, Huntsville, Tx 77340
- MS, Prairie View A&M University
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