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Business Functions Outsourcing Assignment

   

Added on  2020-05-11

5 Pages1121 Words217 Views
Running head: REFLECTIVE JOURNALReflective Journal: Advantages and Disadvantages of outsourcing Business Functions Student NameUniversity nameAuthor Note

REFLECTIVE JOURNALIntroductionThe globalization has resulted in a development of open market and new businesspolicies. In this blooming market of business outsourcing I, as a business student felt thatadequate knowledge is necessary for my future. Therefore I wanted to study the advantages anddisadvantages of business outsourcing as my research topic. The organizations have to chooseappropriate business partners in order to effectively run the business. Through this research paperI aimed to design a research methodology plan in order to explore the advantages anddisadvantages of outsourcing and how it builds up the business efficiency. Learning Experience Before initiating the research I set a few research objectives for the project. My primaryobjective was to explore how outsourcing fundamentals are used in increasing the businessperformance and reducing cost. I also wanted to extend the research on the role outsourcingplays in business operations. The positive and negative impacts are also analyzed through thisproject. I set research objectives such a way that develops certain project scopes like definingimpact of outsourcing on organizational turn over and consumer satisfaction.Exploring the Literature In order meet the research objectives I had to conduct a literature review on the availableliterature on similar topics. I wanted to explore how various theorists and researchers haveincorporated the business outsourcing in business functions. As I explored multiple secondaryresources like journals and literatures, I had the opportunity to compare them to gain a deeper

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