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Literature Review: Outsourcing Business Functions - HI6008

   

Added on  2020-03-02

10 Pages3016 Words65 Views
RUNNING HEAD: Advantages and Disadvantages of Outsourcing Business FunctionsBusiness ResearchLiterature Review: Advantages andDisadvantages of Outsourcing BusinessFunctions

Advantages and Disadvantages of Outsourcing Business Functions 1Table of ContentsIntroduction................................................................................................................................3Scope of Literature Review........................................................................................................3Objectives of the literature Review............................................................................................3Literature Review.......................................................................................................................3Conclusion..................................................................................................................................8References..................................................................................................................................9

Advantages and Disadvantages of Outsourcing Business Functions 2IntroductionOutsourcing can be referred as the process in which the business functions of an organisationare transferred to the outsiders rather than completing it on their own. It is done for reducingthe costs of the business or for the purpose of focussing on the core functions of the business(Yeboah, 2013). Different authors have different opinion on the process of outsourcing ofbusiness functions. Some of the authors believe that it is done for the betterment of thebusiness operations while some say that it is a risk to the privacy and confidentiality of thebusiness. This literature review is on the topic ‘Advantages and Disadvantages ofOutsourcing Business Functions’ and various sources will be referred in order to collect thedata and to complete the research successfully.Scope of Literature ReviewThe scope of literature review is wide as outsourcing has become a common way ofcompleting the functions of the organisations. It is a topic which is discussed by many of theauthors and different views are given on its pros and cons. The literature review will be basedon the secondary data and the examples of the organisations which outsources their businessfunctionsObjectives of the literature ReviewThe main objective of literature Review is to discuss the advantages and disadvantages ofOutsourcing the business functions by referring to various literatures, journals and othersecondary sources. Their views will be compared and the conclusion will be given.Literature ReviewOutsourcing is a common process used in the present business environment. It is handlingover the functions to some other company to access the expertise and to focus on the corefunctions of the business. In return, a fee or charges are paid to get the outsourcing services.It is a huge industry which provides employment to people and also provides competitiveadvantage to the organisations (Fapohunda, 2013). Different opinions are provided bydifferent authors on the idea of outsourcing the business functions.

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