OXFORD REVIEW OF ECONOMIC POLICY, VOL. 22, NO. 4 DOI: 10.1093/oxrep/grj029 OUTSOURCING AND OFFSHORING: IMPLICATIONS FOR PRODUCTIVITY OF BUSINESS SERVICES MARI SAKO Saïd Business School, Oxford1 This paper reviews the implications of outsourcing and offshoring for the productivity of business services in the UK. Official statistics indicate that business-service productivity has grown by over 20 per cent in the last 7 years at the same time as employment grew by 20 per cent. The paper considers
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Abstract LPO (Legal Process Outsourcing) is currently one of the fastest growing industry as it provide low-cost and time saving services. This study aims to know about LPO, specifically its origin, the services it provide, its quality and satisfaction, its impact in the legal industry and its status nowadays. The theories related to the topic like Transaction Cost Theory and Value Chain Analysis are discussed in theoretical framework. In addition, this research uses descriptive type of design
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of March 2012 Offshoring: The next industrial Revolution? Summary The article consists of the idea that the third industrial revolutions is coming within the next couple of decades. Economists believe that this in merely an international business as usual, and that it will improve each nation comparative advantages. This revolution will not include shifts from the agriculture to the manufacturing, nor the manufacturing to the service sector, but will consist of offshoring of service jobs from
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U.S. companies shifting work or production abroad has led to many controversial situations such as loss of jobs to U.S. workers and quality of services or products received from abroad. However, the question of whether U.S. companies should have an ethical obligation to consider of the how workers abroad are treated, including working conditions, by the foreign contractors remains a hot topic. Many companies, such as Nike, over the last couple of decades has been in the spotlight for partnering
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1.0 Introduction First of all, outsourcing can be regard as finding an outside or external vendor to conduct all or certain part of an organisational activity and this method is usually practiced by Transnational Corporations in their business operations due to cost constrain (Ashley E, 2008). (Please refer to appendix 1.0 for more information on Transnational Corporations). Furthermore, the main factor that forces many companies to be more low cost oriented is due to the massive pressure of the
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The lesson we can derive from this case is that outsourcing is not just a wage difference between two places but skills and attitudes. Finally, there are a large number of US companies buying professional services from Asian countries. Clearly, skilled workers will be found and hired wherever they are. Countries, such as, India, Pakistan and China are good labor pools (Prahalad 2005.) It follows that multinational and global companies will find skilled labor overseas and start operations
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Disadvantages of outsourcing: the disadvantages of outsourcing especially offshore outsourcing mainly centralizes on the real-time information and data sharing. It greatly affects the information that is being shared to the main office to and from the business outsource. Outsourcing has a great risk in lack of proper communication and cultural differences. Cultural barriers will greatly affect your most important resource, your man-power. Data and idea theft is also a great risk factor since
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Kristen Valla BBMBA 9111 Case Study 1 Offshoring at Global Information Systems, Inc. Background/Overview In 2004, Global Information Systems, Inc. began to put into motion the consideration of offshoring 3,000 jobs from here in the U.S to company locations in China, India and Brazil. These were highly compensated job positions. About half of GIS is separated into a division known as Global Services Divisions. A considerable portion of GSD’s business came from customers outsourcing their
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Much of the work being done through offshore outsourcing is in IT, and that is what most of the general public is familiar with. The media has extensively covered the fact that often times a company's 24-hour help lines or 411 operators are actually working in a country on the other side of the world. But there is a wide range of activities that can benefit from this practice. There are labor advantages, and other advantages--huge advantages to rethinking how businesses execute their processes given
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http://prezi.com/_jqvvjxplhzb/present/?auth_key=iarja6j&follow=zkhuy25kmoai JAMES COOK UNIVERSITY SINGAPORE TOPIC: [pic] Student name : Le Phuong Tung Student ID : 12867187 Teacher : Mr. Trevor Carty Class : ELPP – 3B Words count : : 1646 James Cook University Singapore, September 3rd 2013 TEACHER’S COMMENT ………………………………………………………………………………………………….. …………………………………………………………………………………………………
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