.Table of Contents TITLE:.............................................................................................................................................1 Aim:.............................................................................................................................................1 Research objectives.....................................................................................................................1 Research questions......................................................................................................................1 Rationale of project.....................................................................................................................1 LITERATURE REVIEW................................................................................................................3 Concept of offshoring and outsourcing while globalisation.......................................................3 Benefits and risks of offshoring and outsourcing for Hotel Crown Plaza..................................3 Impact of offshoring and outsourcing of resources on operations management of Hotel Crown Plaza............................................................................................................................................3 Recommend some ways through negative impact of offshoring and outsourcing can be minimised....................................................................................................................................4 Gantt chart...................................................................................................................................4 Research Methodology....................................................................................................................7 REFERENCES................................................................................................................................8
TITLE: “The benefits and the risks of offshoring and outsourcing on operations management of an organisation.” A study on Hotel Crown Plaza. Aim: “To analyse the benefits and the risks of offshoring and outsourcing on operations management of an organisation while expanding business at global level.” A study on Hotel Crown Plaza. Research objectives To acquire knowledge about strategies related to offshoring and outsourcing while globalisation of business. To analyse the benefits and risks of offshoring and outsourcing for Hotel Crown Plaza. Todetermine the impact of offshoring and outsourcing of resources on operations management of Hotel Crown Plaza. Recommend some ways through negative impact of offshoring and outsourcing can be minimised. Research questions Do you have knowledge about strategies related to offshoring and outsourcing while globalisation of business? What are the benefits and risks of offshoring and outsourcing for Hotel Crown Plaza? What is the the impact of offshoring and outsourcing of resources on operations management of Hotel Crown Plaza? What are the recommendationsthrough which operations management can overcome with negative impact of offshoring and outsourcing of resources? Rationale of project Reasonbehindselectingthistopicistounderstandandupdateknowledgeabout outsourcing and offshoring of resources. This topic is new so people will able to acquire knowledge about this topic which assist individual to know about it. As this topic is interesting, so researcher can collect information in better and effective manner. If researcher wants to work at international level, then there is requirement of some specific resources from external sources as well. So this topic is fruitful from future prospects as well. Researcher is able to improve data gathering and collecting skills because in this primary and secondary information are collected. 1
LITERATURE REVIEW Concept of offshoring and outsourcing while globalisation According to Jonathan Webb (2019) Outsourcing refers to the method in which routine work will delegate to some third party. This assist in maintaining quality of product and services and maintain satisfaction of consumers. There is proper use of time, cost and resources because there is involvement of third party. While offshoring refers to the process in which business will shifted to some other location due to cost advantage. While expanding business at international level, with offshoring and outsourcing of resources, cost benefit can be achieved which is significant for maintaining existence at new market. Benefits and risks of offshoring and outsourcing for Hotel Crown Plaza According to GINO LISONDRA (2019) There are some benefits and risk of offshoring and outsourcing of resources at Hotel crown Plaza because this is relevant in current market. With the help of offshoring cost gets reduced and hotel is able to achieve economies of scale through getting favourable government policies, etc. While risk of offshoring are there is increment in unemployment, differences on the basis of cultural and social differences arise, etc. Outsourcing assist hotel Crown Plaza by increasing productivity of consumers, flexible working environment, etc. but risk also such as there is lack of calibration and synchronisation, lack of consumer focus and engagement, etc. Impact of offshoring and outsourcing of resources on operations management of Hotel Crown Plaza There is positive impact on operations management of Hotel Crown Plaza with use of offshoring and outsourcing of resources. It is responsibility of managers to understand what is current demand and then take actions according to it. According to McMillan LLP (2019) When resources are collected from external party, then cost will be minimum and then quality is up to the mark. There is no confusion in synchronisation of activities. While hiring external party, product will be ready within specified dead line. Employees has to perform some specific task, so they will also perfect in their work. At international level, there is requirement of maintaining some specific relations with parties, so it is easy to maintain long term existence at international level. 2
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Recommendsomewaysthroughnegativeimpactofoffshoringandoutsourcingcanbe minimised Sometimes, there are possibilities of negative results with outsourcing and offshoring of resources. This is because of lack of managers attention, lack of planning, etc. So managers of Hotel Crown Plaza has to consider it and then take actions. At international level, managers of Hotel crown Plaza has to understand specific changes which are taking place in environment through which they can communicate with employees to know their views. Proper analysis of talent and cost has to be analysed. According to Hannah Wickford (2019) It is essential to make changes which gives positive impact. Cost and quality of services and resources must evaluated primarily. There must be complete analysing legal documents regarding any hidden cost and it must be used for future and legal purpose. Gantt chart Gantt chart is pictorial description about different activities in their sequential manner. With this technique, it is easy to get knowledge about progress report of research. With this techniques, team mates will aware about their responsibilities, so actions will perform correct and absolutely. 3
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Research Methodology Research methodologies refers to study of different tools and techniques which are significant in context of understanding in better and effective manner. “Research Onion” framework is used to understand different techniques. Research philosophy- Pragmatist research philosophy is used in this investigation which focus on small aspects which is important to be considered in investigation. With this it is easy to understand changes in better and effective manner. Research approach- Inductive research approach is used because this provides complete information about small aspects in better and effective manner. This approach suits best with qualitative information. Research method- Qualitative method is used in this research because this is the method through which graphs and charts are used to represent information to consumers. This is the information which is easy to represent and understood by reader. Data collection technique- There are two methods for collecting information i.e. primary and secondary information. Primary information is collected through questionnaire through which mindset of individuals can be known. While secondary information can collected through online sources, books, journals, etc. This is the best way through which overall idea about research investigation can be known. Sampling- Sampling is the method through which information can be collected from some individuals from whole population. Random probable sampling is used in this investigation through which bias free information can be collected. 30 respondents are selected for collecting primary information. Data analysis-Data analysis is the process under which information is collected, gathered and interpreted in better and appropriate manner. Thematic analysis is used with questionnaire for the purpose of data analysis. Under this method, there is brief discussion about research questions asked in questionnaire under different themes to educate reader. 6
REFERENCES Online Webb, J., 2019.What Is Offshoring? What Is Outsourcing? Are They Different?[Online]. Available through:<https://www.forbes.com/sites/jwebb/2017/07/28/what-is-offshoring- what-is-outsourcing-are-they-different/#69ad546a2a2e>. Lisondra, G., 2019.Offshoring and outsourcing - advantages and disadvantages.[Online]. Availablethrough:<https://www.mybusiness.com.au/sales/3366-offshoring-and- outsourcing-advantages-and-disadvantages>. McMillan.2019.Thebenefitsandrisksofoutsourcing.[Online].Availablethrough:< https://www.lexology.com/library/detail.aspx?g=e698d613-af77-4e34-b84e- 940e14e94ce4>. Wickford, H., 2019.Negative Effects Outsourcing Has on Organizations.[Online].Available through:<https://smallbusiness.chron.com/negative-effects-outsourcing-organizations- 25351.html>. 7