Sustainability of Business Service Outsourcing
Added on 2019-11-12
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BUSINESS RESEARCH 1Research Proposal on Business Function OutsourcingStudent’s NameCourse IDUniversityDate
BUSINESS RESEARCH 2Table of Contents1. Introduction..................................................................................................................................32. Project Objective.........................................................................................................................33. Project Scope...............................................................................................................................44. Literature Review........................................................................................................................45. Research Questions/Hypothesis...................................................................................................66. Research Design and Methodology.............................................................................................77. Research Limitations...................................................................................................................88. Time Schedule.............................................................................................................................99. Conclusion...................................................................................................................................910. Reference List..........................................................................................................................1011. Appendix..................................................................................................................................12Appendix 1: Questionnaire........................................................................................................12Appendix 2: Gantt chart.............................................................................................................15
BUSINESS RESEARCH 31. IntroductionThe study paper identifies how modern corporate business firms are using the concept of business function outsourcing. Precisely, the concept of outsourcing encourages modern corporations to perform the supportive tasks and management activities by a third-party organisation (Sako and Tierney, 2015). Under a contract agreement, companies can provide some less important HRM tasks to the professional third-party enterprise. In this way, a large organisation can save significant time, resources, and capital for the core business activities that will deliver the majority of the earnings (Weidenbaum, 2015). The study discusses the past literature and subsequent literature gaps. Furthermore, the study identifies primary and secondaryresearch questions based on which the entire study will be conducted. At the same point in time, the paper describes the research design, methodology, limitations, and research plan as well. 2. Project ObjectiveThe primary objective of the research is to identify the advantages of business function outsourcing that benefits the organisation in terms of increased efficiency, productivity and cost effectiveness. Additionally, the study aims to evaluate the challenges faced by the modern organisations in outsourcing a particular business function to a third party enterprise. Furthermore, the research will analyse the benefits and drawbacks of outsourcing that are faced by the individual firms as well as the economy on a whole. Moreover, both the primary and secondary data will be used in the research to know the business functions that are majorly outsourced and value generated by the outsourcing processes.
BUSINESS RESEARCH 43. Project Scope By identifying the literature on the concept of business function outsourcing, the study has delivered primary and secondary questions that will be taken into account for the further research. Furthermore, the entire research design describes the process of quantitative and qualitative research methodology that can be considered to collect primary and secondary data and information related to the study (Retová and Pólya, 2011). Also, the research plan has been given for the reader to identify the schedule of the research study.4. Literature ReviewIn the contemporary business environment, modern companies have precisely valued the outsourcing process to get a job done by the third party professionals. According to Lee and Choi(2011), the process of outsourcing cannot be defined as the core business activity of a corporate firm although the outcome of the procedure is significantly profitable for the organisations. Currently, a number of HRM functions including marketing, customer support, and accounting system has been outsourced involving third-party professional companies. Effectively, during outsourcing of a business function, the management of a firm must include the legal obligations and terms to the outsourcing company so that any misconduct can be dealt under the legal procedure. In this way, security of data and information can be protected. Primarily, modern organisations have opted for outsourcing of business functions due to a number of reasons. According to Lin, Pervan, and McDermid (2007), outsourcing reduces the organisational cost. For instance, to complete a function by a specialist will require significant investment and maintenance as hiring can be expensive for the management. Therefore, to reduce the cost, the process of outsourcing can be taken into account.
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