Business Research on Business Outsourcing Function
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Added on 2020-04-07
Business Research on Business Outsourcing Function
Added on 2020-04-07
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Business Research Method Research Proposal
ContentsIntroduction................................................................................................................................21.Project objective.................................................................................................................22.Project scope.......................................................................................................................23.Literature Review...............................................................................................................34.Research questions and hypothesis.....................................................................................4Primary question.....................................................................................................................4Secondary question.................................................................................................................4Research Hypothesis:.............................................................................................................45.Research design and methodology.....................................................................................5Qualitative Research...............................................................................................................6Quantitative Research.............................................................................................................76.Research limitation.............................................................................................................77.Time Schedule....................................................................................................................78.Conclusion..........................................................................................................................99.References...........................................................................................................................9
1.IntroductionThe outsourcing of the business process is the fundamental phenomenon for involving the association of the third to complete the project activities. The trend of carrying over the business activities is changing towards the process of outsourcing with the aim of reducing cost incurred on the processes. The reorganization of the expertize staff help in completing the activities with efficiency which results in providing good quality product at the end. The globalization is the major factor for the involvement of open market strategies in completing the business operation (Sarifuzzaman, 2011). The long term growth of the organization can be improved with the effective selection of outsourcing partners. The improved quality of the product helps in reducing risks associated with the customer satisfaction. The project activities and processes can be completed with reduced cost and within the mentioned baseline with the outsourcing of business operation to the third party. In this paper, we are looking forward to plan a research methodology to determine the advantages and disadvantages of outsourcing with regards to business efficiency. 2.Project objectiveThe objective of the research is to reduced cost and improved performance of the project withthe inclusion of outsourcing fundamental. The aim of this research is to analyse the impact of outsourcing in carrying over business operations. It also focuses on looking into the benefits and drawbacks of outsourcing which plays a vital role in improving the turnover of the organization. 3.Project scopeThe scope of the project is to clearly define The consequence of outsourcing on the performance of the business. Importance of strategies developed for outsourcing the business operation Impact of outsourcing on the turnover of the enterpriseImpact of outsourcing on the customer satisfaction and their perspective view.Limitation of the outsourcing associated with the business operation.Identifies how the in-house capabilities of the enterprise can be improved
4.Literature ReviewThe core functions of the enterprise are provided to the third party to give outsourcing services in completing the business operations (Ray, 2009). The experts opinion is that the performance of the business can be improved with the use of outsourcing process because it helps in adding values to the business activities. The competitive advantage can be gained by utilizing the fundamental tools of outsourcing. The activities of the organization are improvedin every sector of the business by using the process of outsourcing like human resource, finance and accounting, IT, and others. The flexibility in the process helps in improving the quality of work done for completing the business operations (Mirza, 2015). The resources of the organization can be efficiently utilized for reducing the cost incurred on the project completion. The globalization is the major factor for the involvement of open market strategies in completing the business operation. The long term growth of the organization canbe improved with the effective selection of outsourcing partners. The in-house capabilities of the organization can be improved with the reduction in the cost associated with the completion of the processes (Patricia, 2014). The human resource skills can be improved withthe inclusion of training and development program to prepared them according to the requirement of the global market. The marketing strategies of the enterprise can be improved which results into the increasing sale of the product by attracting new customers towards the organization. The high quality services can be provided to the customers by providing business operations to be performed by the third party (Garg, 2016). It has been analysed that in spite of several advantages there are some negative aspect too such as confidentiality of theinformation is kept at high risks due to the interference of the third party in completing the business operations. The capability of sustaining quality of the product can be improved. The data leakages can be the result of outsourcing. It helps in providing new opportunities to the utilization of the resources in the effective manner. The literature review helps in analysing the use of outsourcing in the financial sector. It helps in the development of cost saving program for the organization. The core skills of the employees can be sharpening according to the business requirement. The stability can be attained in the liquidity state of the enterprise (Krell, 2014). The capability of the informationtechnology and system can be improved. We have determined that the productivity of the enterprise can be improved with the effective utilization of the outsourcing program. It helps in providing flexibility to the business processes which are being undertaken by the organization. The major disadvantage of the outsourcing is that the skills, knowledge,
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