...Advantages and Disadvantages of Outsourcing for Outsourced Employee Iman Nuraprianto GLS 470 – 12TW1 Jennifer Zoller Southern New Hampshire University December 8, 2012 Abstract Outsourcing is contracting with an outside party (vendor) to do a particular function. Basically, the function being outsourced is considered non-core to the business. This paper explores the advantages and disadvantages of outsourcing for outsourced employee. The advantages of outsourcing are more experiences, opportunity to get expertise in particular job, and manageable time & planning to the next job. In contrast, disadvantages of outsourcing are low salaries, poor employee benefits and uncertainty for continuing job. This paper describes, even though outsourcing discriminates outsourced employee, there are some benefits for outsourced employee. Advantages and Disadvantages of Outsourcing for Outsourced Employee What is the definition of outsourcing? According to Caruth, L. & Caruth, D., “Outsourcing is the process of contracting with an outside party (vendor) to perform company functions that were previously perform in-house” (2010). Outsourcing has been used by company in difference sector businesses, such as retail, manufacturing, information technology, banking & finance. Medforth argued that “outsourcing support a company to change magnitude in almost every aspects: increase in profits, productivity, business value, business performance...
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...primary relationship between Materials Requirements Planning (MRP) and Enterprise Resource Planning (ERP) is that as ERP is used to manage and plan all the resources in a company, MRP is executed to manage the resource used particularly in the manufacturing process. For instance, while ERP may incorporate accounting, HR, customer service, manufacturing, and project management departments, MRP particularly incorporates the manufacturing department. So while MRP is a specific system just to plan the resources for manufacturing, as the movement to ERP is made, it turns into a broad and complete system that incorporates numerous departments in a company. MRP is mostly used to ensure that the right amount and kind of materials reach the right destination inside the given time limit. Planning and scheduling are used in this system that decide the “what number of and when”. MRP tends not to incorporate the finance and accounting department and typically deals with the sales, work orders, quotes and invoicing. The advantages of MRP system incorporate diminished costs of production caused by organized resource planning, enhanced response to market demand, time optimization because of scheduling and advances in planning and allocation. In contrast, some of the disadvantages of MRP incorporate the long procedure during implementation, training and instruction costs on showing workers and staff how to utilize the system to acquire all advantages anticipated to be provided when initially implemented...
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...4 Office Automation 4 Management Information System 5 Functional Area 5 Enterprise Resource Planning 5 Table 1 Information Systems 5 Conclusion 8 References 9 Information Systems Proposal Introduction This plan will discuss opening a brick and mortar music store that will cater to both the old and young alike. This will require loan of $75,000. The city of Temecula has experienced a large growth in their population over the last several years that enjoy shopping the boutiques that Old Town Temecula has to offer. There are a numbers of visitors and local residents that enjoy purchasing movies, clothing items, antiques, gifts, and music. Old Town Temecula does not offer a record store that provides music that is fairly priced and a wide selection of records from the past for the everyday listener or the serious collector. I propose that Old Town Temecula Records can sell a vast selection of music products to those who are devoted to music and provide a relaxing environment where patrons may have the opportunity to listen to the music prior to making their purchase. Our Goal Our ultimate goal of Old Town Temecula Records would provide a good quality and variety of nostalgic music products, excellent customer service at fair and competitive prices. Having the availability of Information Systems would provide a competitive advantage and help Old Town Temecula Records generate a large profit by providing that personal attention...
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...Business Structures Fin/571 Business Structures This week we learned about the different business structures to consider when establishing a business. It is important to note the advantages and disadvantages of each business structure when planning a business. The main business structures include sole proprietorship, partnership, and corporation. Sole Proprietorship Sole proprietorship is a business owned by one person. It is the easiest, least expensive, and least regulated business structure to start. The advantage of a sole proprietor include not having to share the profits or control of business decisions with anyone else. However, the disadvantage is that sole proprietors have unlimited personal liability for the business debts and obligations. Partnership. A partnership business agreement legally formed with two or more owners. The agreement specifies the amount of capital each partner contributes, division of profits, the role of each partner, decision-making process, and transfer of ownership in specified events. The advantage of more than one owner is an increase in capital or borrowing capacity, added knowledge and skills from each of the partners. There are two types of partnerships general and limited. General Partnership-a disadvantage is unlimited liability of all the general partners, partners who manage the daily activities of the business, regardless of the amount of capital each contributed. Limited Partnership- partners, who are not...
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...Processing System 4 Office Automation 4 Management Information System 4 Functional Area 4 Enterprise Resource Planning 4 Table 1 Information Systems 5 Conclusion 8 References 9 rcvg t Information Systems Proposal So, let's discuss opening a brick and mortar music store that will cater to both the old and young alike. This will require loan of $75,000. The city of Temecula has experienced a large growth in their population over the last several years that enjoy shopping the boutiques that Old Town Temecula has to offer. There are a numbers of visitors and local residents that enjoy purchasing movies, clothing items, antiques, gifts, and music. Old Town Temecula does not offer a record store that provides music that is fairly priced and a wide selection of records from the past for the everyday listener or the serious collector. I propose that Old Town Temecula Records can sell a vast selection of music products to those who are devoted to music and provide a relaxing environment where patrons may have the opportunity to listen to the music prior to making their purchase. Our Goal Our ultimate goal of Old Town Temecula Records would provide a good quality and variety of nostalgic music products, excellent customer service at fair and competitive prices. Having the availability of Information Systems would provide a competitive advantage and help Old Town Temecula Records generate a large profit by providing that personal attention and knowledgeable...
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...Top - down and bottom- up planning -Virutha COLLAPSE ------------------------------------------------- Top of Form Top-down planning Top-down planning is referred to as strategy in which business decisions are established at senior level or top management and employees are expected to fall into place and follow the commands and instructions.Top-down project planning is focused on laying out specific expectations for the employees seeking guidance or advice and instructions. As employees are not included in any of the decision making process. They are mostly motivated through either fear or incentives. Positive implications * Employees Know Their Roles - Employees know their roles and follow specific methodology. In a business which requires exacting steps, top-down planning can provide a good fit to management and those employees who enjoy being directed and want to know their everyday task. * Levels the performance Field - A very minimal sense of competition among the rank- and –file. As management possess the highest power of decision making ,each employees will understand that they are in the same boat and coming up with new ideas will not necessarily get anyone ahead. There's no need to worry about being upstaged by a particularly ingenious colleague. * Easy to evaluate - Top down planning begins board, becomes more specific and easy to evaluate as move down to hierarchy * Faster Process - The top-down approach is less time-intensive, save lots of...
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...consideration that should be prepared in the setting up for a budgetary planning and control system, and also discusses the advantages and disadvantages of the participation in the budgeting process. Other than that, also discuss the reasons why managers may be unwilling to participate in budgeting process. First of all, it had briefly defined the terms, like budget, budgeting planning and control system. A simple way to define budget as it’s a plan for future or any plan for upcoming period. In the study of financial management, budget can be defined as an in depth plan showing how to acquired and utilize the resources during a particular time period. It signifies a plan for the future expressed in measureable, proper terms (Ward, 1994). Generally, there are two broadly used of budgeting, which are top-down budgeting and bottom-up are budgeting. A top-down method to budgeting reflects a controlling style of management. This is meaning of where the senior managers decide the budget with limited input from subordinate employees. Other than that, participative budgeting, also known as bottom-up budgeting, it inspires organization-wide input into the budget process. This is the meaning of where the subordinate employees get involved the decision making of budgeting with the senior managers by providing different levels of opinion to the upper levels in the budget process. Budgeting planning is about the planning process within an organization and it’s considering the role...
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...with the statement “ Management of any business will be ineffective without the preparation and use of budgets”. Basically budgeting is the process of planning to spend money. With budgeting it would be easier to prioritize our spending and focusing our money. I agree with the statement because based on the research conducted it says that budgeting can ensure that we will always have enough money for the things that we need. In one of the website that I found stated that budgeting is only balancing the income and expenses. There would be problems if the expenses and the income is not balance, such as your expenses will be bigger than your income and it would bring a big impact for the savings. Since budgeting is very important, we wont be easily got broke. However the budgeting plan will work out if only you follow the spending plan. It would be very useless if u don’t follow the spending plan that you make to manage your money. All the people that can earn their money by themselves will use budgeting so that they can prevent from excessive spending. Budgeting will also gives you information which things you should prioritize, like food and house living costs first. Don’t you think it is good if you can keep your finance on track ? Don’t you think it is really useful if you have emergency saving money? So budgeting is a planning and controlling tool, in businesses the masters of budget has to know how to use revenue and expenses and also they have to look back to the past to analysis...
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...giving today in the workforce. I will list the multiple advantages and disadvantages of alternative work environments. I will breakdown these advantages and disadvantages from both the employee and employers viewpoints. All information researched will be properly cited and noted for the audience to gain further information. Alternative Work Arrangements In today’s work environment employers are willing to make flexible working schedules to meet the needs of their workforce. These alternative work arrangements can be flextime, telecommuting and job sharing. With having options like these it makes work life a whole easier. As with all things, with the good comes the bad. We will explore these work options and analyze the advantages and disadvantages of these programs that are offered. Alternative work schedules can be a great way for a company to offer great benefits to their work environment. One advantage of these alternatives is the improved morale of their work force. An increase in employee recruitment can also be an advantage to the employer. An amount of reduced stress can lead to low absenteeism providing another advantage. An advantage to the employee can be a better balance of their work and family. These advantages can be a great recruitment strategy for an employer and also giving benefits to the employee. As I said before there can also be disadvantages to these attractive benefits. One disadvantage can be a breakdown in communication due to flexible...
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...Masilungan had designed several unique digital control devices for the petroleum industry during the late 1970’s, and these systems were the first products of the company. Because of the company continuing success, the firm has had to move twice to a larger production facilities during the past 15 years. The company now has an extensive product line and many customers for digital control devices, which are used in both the continuous process and discrete product industries. In process inventory is extensive and raw material storage has been enlarged twice during the past five years. Mr. Martin feels that the current production control methods are just not adequate for the existing manufacturing environment. He feels that a database production planning and control method, like MRP, is needed, and he has discussed this with other production management personnel. Mr. Martin has been surprised at the reaction of other members of the Anonymous management when he discusses MRP with them: some are for it and others against it. The arguments against MRP go along...
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...and provide a report to your manager which includes the advantages and disadvantages of marketing online, the potential impact of online sales to the company, and the requirements for a successful online marketing campaign. Main Ideas Advantages and disadvantages of online marketing Halligan, B. ( 2011). Inbound marketing. Retrieved from http://www.slideshare.net/HubSpot/101-awesome-marketing-quotes Fowler, G. (2009). Amazon cuts ties to affiliates in Hawaii. The Wall Street Journal. Retrieved from http://online.wsj.com/article/SB124638801268074915.html Lau, K. (2010). The advantages and disadvantages of online marketing. Retrieved from http://kevinklau.com/the-advantages-and-disadvantages-of-online-marketing/ The potential impact of online sales Cerf, V. (1995). Computer networking: Global infrastructure for the 21st century. Retrieved from http://homes.cs.washington.edu/~lazowska/cra/networks.html Barr, A. (2013). EBay holiday quarter sales jump: 2013 forecast cautious. Reuters. Retrieved from http://news.yahoo.com/ebays-fourth-quarter-revenue-rose-18-percent-212124057--sector.html Macaluso, N. (2001). Analysts cool to Amazon q4 projections. Retrieved from http://www.ecommercetimes.com/story/6565.html Requirements for a profitable online marketing plan Ivkovic, E. (2010). Planning your internet marketing campaign goals and strategies. Retrieved from http://www.dragonsearchmarketing.com/planning-internet-marketing-campaign-goals-strategies/ Parks,...
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...doc%3Fsequence%3D3&ei=_Ge1UdOaMMjziQKWyoCAAQ&usg=AFQjCNHa9mloa8UfPlJv9mBQrzFmjuxrhA http://www.emeraldinsight.com/journals.htm?articleid=1876516 Sources Terry Hill, Roy Westbrook, SWOT analysis: It's time for a product recall, Long Range Planning, Volume 30, Issue 1, February 1997, Pages 46-52, ISSN 0024-6301, 10.1016/S0024-6301(96)00095-7. (http://www.sciencedirect.com/science/article/pii/S0024630196000957) Robert G. Dyson, Strategic development and SWOT analysis at the University of Warwick, European Journal of Operational Research, Volume 152, Issue 3, 1 February 2004, Pages 631-640, ISSN 0377-2217, 10.1016/S0377-2217(03)00062-6. (http://www.sciencedirect.com/science/article/pii/S0377221703000626) Keywords: Strategic planning; SWOT analysis; Resource-based planning; Strategic development Advantages and disadvantages. http://books.google.com/books?id=JJEBWvvG73YC&pg=PA27&dq=swot+analysis+disadvantages&hl=en&sa=X&ei=r221UY3mGIX6iwKYuYC4Bg&ved=0CC0Q6AEwAA#v=onepage&q=swot%20analysis%20disadvantages&f=false Advantages and disadvantages....
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...Group of Companies, under the leadership of Andres Soriano, Jr. addressed a long felt need for and effective formal planning system for the two companies. Summary / Abstract: More than a decade ago, the ANSCOR Group and SMC spent several years developing and strengthening their budgeting system in order to have a better internal focus on where they going over the short-term. Their next evolutionary step was the development and implementation of a long-range planning process. This helped them to better understand the resource requirements and constraint of the future. While these systems definite assisted them in planning for the future, the rapidly changing environment and the increase competition led them to search for still other ways of further improving their management approach. This article will discuss various aspect of the strategic planning approach adopted by the ANSCOR Group and SMC help them cope with the future. First, I shall discuss briefly the basic aspect of the approach which can be described in terms of four important dimensions. One dimension pertains to the determination of the companies’ future direction through hierarchy strategies under this it is composed of three levels namely, corporate level, Business Family level and Business Element level. A second dimension is the delineation of the major phase of the strategic planning process, which composed of three major phases, namely, Objective Settings Phase, Strategic Programming and Budgeting...
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...CHAPTER 7 Principles of Planning CHAPTER SUMMARY Planning is the process of determining how the organization can get where it wants to go. The fundamental purpose of planning is to help the organization reach its objectives. Advantages of planning include: (1) an emphasis on the future, (2) coordination of decisions, and (3) a clear focus on the objectives. If done incorrectly or excessively, planning can be disadvantageous, but its benefits outweigh its disadvantages. The six steps of the planning process are: (1) stating objectives, (2) listing alternatives, (3) developing premises, (4) choosing alternatives, (5) developing plans to pursue the chosen objective, and (6) putting the plan into action. Implementation of the planning process is the key to success. One way of approaching this implementation is to view planning activities as organizational subsystems. Chief executives have the final responsibility for organizational planning. Many chief executives, especially of larger firms, seek planning assistance from organizational planners. These planners should be able to: (1) use their organizational experience, (2) see the organization as a whole, (3) detect and react to trends, and (4) get along with others. Organizational planners have three general duties to perform. These are: (1) overseeing the planning process, (2) evaluating developed plans, and (3) solving planning problems. The evaluation of planners would be based on both objective and subjective...
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...explain the advantages and disadvantages of each. Each business structure has their own legal and tax implications. It is important to understand the variances of each structure to operate a business. The different structures are the following: general corporation, S corporation, limited liability corporation, sole proprietorship, and partnership. Corporation Corporations are the most complex business structures. There are three types; general corporations, s. corporations, and limited liability corporations. “Corporations are a separate legal entity owned by stockholders” (Films Media Group, 2011). The advantages of corporations are the limited liability, the advantage to produce capital, and corporate tax rates. S corporations are usually better for small businesses that want the tax savings, but they have a stricter operational process. An LLC is not a corporation but has some of the same advantages of an S corporation with fewer restrictions. LLCs are becoming more popular because they are easier to obtain. A famous disadvantage of corporations is double taxation; which occurs when the corporation shows profits and when shareholders are paid. Corporations are also costly and highly regulated. Sole Proprietorship Sole proprietorships can be an economical way to start a business. This is business structure that owners prefer when they want absolute authority. An immense disadvantage is that the business owner is personally liable for everything. Another advantage can be the...
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