Write a 3000 word academic essay providing critical debate of the following question:Is there evidence to support that the benefits of outsourcing and/or off-shore outsourcing outweigh the disadvantages?
Outsourcing makes up of multiple things like outsourcing it to different service provider or depending on services which are provided by the same company or a different service provider at a different location that what they are currently given from. We should look at outsourcing from different point of views of locations, benefits and risks to decide upon to move for outsourcing. The Current business environment is testing even the strongest of the companies worldwide. They are facing host of challenges like hugely in-conducive economic environments with heightened competition and increasing input costs.
All of these factors are forcing organisations to go for more and more novel and innovative approaches for gaining a sustainable competitive edge from their competitors so that they can survive in this cut throat environment. One of the major strategies most of the organisations are thinking as well as adapting is outsourcing. It is also known as Outsourcing.
In this essay, we have tried to analyze the benefits as well as risks attached with outsourcing.This essay tried to assess theoretical constructs about the scope of services which can be provided from outside of the home country and factor in the issues while taking decisions about outsourcing. In this essay, we have first tried to review theoretical constructs about outsourcing and how they view outsourcing as a construct. Then we have argued using those theoretical constructs to analyze the reasons, location selection as well as benefits to the outsourcing company and the service provider who will provide services. We have tried to then look at the benefits accrued using the service provider who is at offshore as well as the risks which are compiled on to the native service seeker. Then we have concluded by saying that it depends on the call taken by the individual service seeker who is going to outsource to look at various costs and benefits of outsourcing and then take the call.