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Business Research Assignment on Business Outsourcing

   

Added on  2020-05-08

6 Pages1385 Words48 Views
Running head: BUSINESS RESEARCHBusiness Research
Business Research Assignment on Business Outsourcing_1
BUSINESS RESEARCH2Reflection reportEvaluate the effectiveness and your usefulness of the learning experience This research has gained my understanding regarding advantages and disadvantages of using outsourcing the business function. This learning is valuable for me to understand that outsourcing is a process by which business function of organization can be transferred to the outsider as compared to completing it on their own business function. This research is effective for me to develop the understanding of the concept of outsourcing. In this way, it is analyzed thatoutsourcing is a technique which is used to make the use of core competencies of the corporation. It also aids to allocate the resource effectively (Schniederjans, et. al., 2015).I have also observed that outsourcing of the business function delivers the added value to the business performance. Explain how this learning process will be useful to youI will apply my knowledge and insight to make further research in the future. I have gained my knowledge that outsourcing is mainly used in HR, IT, after sales service and customer service field. I have also observed that outsourcing is beneficial to cost-savings, flexibility, and performance of the companies. This learning process is useful for me to improve my research skills as well as effective for me to become a good business development manager. I have also built my knowledge regarding disadvantages of using outsourcing the business function. In this way, I have pointed that the rapid expansion of globalization has changed the method of business management. It is analyzed that there is a certain factor which encourages outsourcing of business function like infrastructure, set of skills, globalization, availability of cheap labor, and support from the government (Sekaran and Bougie, 2016).Describe objectively what happened in the learning process
Business Research Assignment on Business Outsourcing_2
BUSINESS RESEARCH3I did different activities such as I have participated to find the advantages of using outsourcing the business function. In this way, I have pointed that there are different benefits of outsourcing like fostering innovation, speed enhancement, capital savings, risk management, revenue growth,quality improvement and cost reduction. I read about the disadvantages of using outsourcing the business function. These are a loss of management control, poor communication, lower productivity, loss of secrecy and privacy of information, lack of competitive advantages, and financial losses (Rushton, et. al., 2014). This research is beneficial for me to enhance my personal and professional career. Evaluate what you learn The business research was helpful for gaining learning in research. From this research, I have learned that companies should develop clear communication by using different channels. Further, I have pointed that role clarity is also maintained between parties. This research is also helping to understand the literature review. In this way, it can be evaluated that outsourcing of business function is mostly exercised in the financial sector (Willcocks, and Cullen, 2013).Fromthis research, I have learned that outsourcing of business function is used to make the development of a cost-saving program for the corporation. Explain your learning processI did different activities in assignment 1 and assignment 2. These activities are the development of research question and hypothesis, and research design and methodology. I have learned that both primary and secondary question has developed to meet the research objectives. Along with this, it can be analyzed that hypothesis is used to assess the relationship between two variables named independent and dependent variable (Caruth, et. al., 2013). I have used research design
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