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Business Research Assignment | Outsourcing Business Function

   

Added on  2020-05-08

6 Pages1486 Words90 Views
Running head: BUSINESS RESEARCHBusiness Research
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BUSINESS RESEARCH2Reflection report1. Evaluate the effectiveness and your usefulness of the learning experienceThis reflection report is effective for me to increase the understanding of advantages and disadvantages of outsourcing the business function. In this way, it is observed that outsourcing isa process by which business organization can transfer their some part of the business function to other corporations and also pay fees for it (Schniederjans, et. al., 2015). This learning experience was useful for me to enhance my professional career as I am competent to involve in the outsourcing of business function. From the literature review part, I have learned that outsourcing of business function may enhancethe efficiency of business as well as provides the competitive advantage to the corporation. In such way, it can be evaluated that there are different causes of using outsourcing the business function named improvement is payment control, cash flow, staffing and whole business performance (Cavusgil, et. al., 2014). This learning experience was effective for me to improve the cash flow of company by outsourcing the business process. Through the study of literature part, it can be also stated that outsourcing facilitates the expertise and swiftness to the corporation and also aid to complete the task rapidly with a better result (Sekaran and Bougie, 2016). I have also learned that outsourcing of business function aids to share the risk between service users and providers. 2. Explain how this learning process will be useful to youDuring the learning process, I have observed that outsourcing of business function may generate a fear of leakage of private information regarding company to other parties. By reading the research proposal, I have learned that outsourcing of business function may generate quality concern and can also delay for providing responses. Along with this, I have gained understanding
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BUSINESS RESEARCH3regarding streams of outsourcing. In this way, I have observed that there is a different stream of outsourcing the services like web design, recruitment services, information technology, and recruitment services. 3. Describe objectively what happened in the learning processFrom this research, it is also assessed that corporation can build the business plan to create an optimum model of outsourcing. It may decline the expenses of outsourcing the business function,improves the capabilities and outcome of outsourcing the business function. However, some hidden expenses may increase the entire cost of business operation (Willcocks and Cullen, 2013). As a result, I am able to focus on benefits as well as limitation of outsourcing the businessfunction which is beneficial to effectively develop the strategy. 4. Evaluate what you learnThe business research was useful for me to develop my research skills as it has increased my understanding of the different process of research. Further, I have increased my knowledge regarding research design and methodology. In this way, it can be evaluated that research methodology defines the different method which will be used to complete the research and collecting the information (Caruth, et. al., 2013). As a result, I am able to use research methodology while conducting the research. 5. Explain your learning processThe main reason for conducting the different activities within the research is to complete the research in a specified time period. The key activity that was used by me is to implement research method. In this way, it can be determined that mixed research design will be used to collect the data as it contains the characteristics of both qualitative and quantitative research.
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