1. OUTSOURCING
Introduction
In a situation where in a company gives out the responsibility of accomplishing its business objectives to some external organization is known as Outsourcing. The company does this in order to make better the quality of work and outcome. Offshore outsourcing is referred to a situation where a company assigns its tasks to an organization which is situated in foreign land.
1.1 Pros and Cons of Outsourcing
Through outsourcing the Square Space Company can take the good benefit of assigning work tasks to outside organizations that have experience in those particular fields. Through outsourcing the company will be able to get good quality results, better innovation and low labor to say the least. However, there is certain limitation with …show more content…
This is because all the responsibility of handling the workforce lies with the service provider, this way the company will save costs and selects the most capable people to perform its core functions.
• The ability to create latest competencies will be offered to business with offshore outsourcing which can be utilized as a competitive advantage.
Disadvantages of Outsourcing
• The major threat associated with outsourcing to external company is the threat of losing confidential information. It is essential; therefore, it is advisable for the company to have checks in place to prevent information loss (Gibson et al. 2008).
• In outsourcing method, the company will be no longer having the control over operations and results of activities because the company will lose management control of business functions to some external firm.
• The overall quality of result will suffer in case if the outsourcing supplier fails to have proper processes and lacks experience in performing in an outsourcing
Introduction
In a situation where in a company gives out the responsibility of accomplishing its business objectives to some external organization is known as Outsourcing. The company does this in order to make better the quality of work and outcome. Offshore outsourcing is referred to a situation where a company assigns its tasks to an organization which is situated in foreign land.
1.1 Pros and Cons of Outsourcing
Through outsourcing the Square Space Company can take the good benefit of assigning work tasks to outside organizations that have experience in those particular fields. Through outsourcing the company will be able to get good quality results, better innovation and low labor to say the least. However, there is certain limitation with …show more content…
This is because all the responsibility of handling the workforce lies with the service provider, this way the company will save costs and selects the most capable people to perform its core functions.
• The ability to create latest competencies will be offered to business with offshore outsourcing which can be utilized as a competitive advantage.
Disadvantages of Outsourcing
• The major threat associated with outsourcing to external company is the threat of losing confidential information. It is essential; therefore, it is advisable for the company to have checks in place to prevent information loss (Gibson et al. 2008).
• In outsourcing method, the company will be no longer having the control over operations and results of activities because the company will lose management control of business functions to some external firm.
• The overall quality of result will suffer in case if the outsourcing supplier fails to have proper processes and lacks experience in performing in an outsourcing