Offshoring and Outsourcing on Business Operations - PDF
Added on 2020-10-22
12 Pages3206 Words437 Views
Calculus and Analysis
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Research Form
Research Proposal FormStudent Name: ______________________ Student ID:____________Centre Name: _____________________Tutor: ________________ Date:___________________Unit: ____________________Proposed Title: ______________________________________________Section One: Title, objective, responsibilitiesTitle or working title of the research project (in the form of aquestion, objective or hypothesis)Title: “The benefits and the risks of offshoring and outsourcing”.Aim“To identify the benefits and risk of offshoring and outsourcing on business operations ofmultinational organisation. A study on ALDI”. Research objectives (e.g what is the question you want to answer?What do you want to learn how to do? What do you want to findout?):Research objectivesTo determine the concept of offshoring and outsourcing. To analyse the advantages and disadvantages of offshoring and outsourcing. To identify the ways through which risk of offshoring and outsourcing can beovercome by an organisation. Research questionsWhat is the concept of offshoring and outsourcing ?What are the advantages and disadvantages of offshoring and outsourcing ?What are the ways through which risk of offshoring and outsourcing can be overcomeby an organisation ? Section Two: Reasons for choosing this research project
Reasons for choosing the project (e.g links to other subjects youare studying, personal interest, future plans, knowledge/skills youwant to improve, why the topic is important):The reason behind selecting this research topic is to understand as well as update theknowledge regarding benefits of outsourcing and offshoring on business resources. It helps inprovide the knowledge and enhance skills of person. Through conducting this investigation,understanding of learner will be enhanced and it will able to be conduct any kind of researchin future. The other reason of a learner behind conducting this investigation is self- interest. Section Three: Literature sources searchedUse of key literature sources to support your research question,objective or hypothesis:Concept of offshoring and outsourcingAs per the view of Tate and Bals (2017) Outsourcing define as an organisation whichcontracting work out of third party, while offshoring refers to get work done in differentnation, usually to leverage cost benefits. It is possible to outsource work but not offshore.Offshore outsourcing is the best practice of hiring vendor to do work, usually lower costs andtake benefits of the vendor's specialist, economies of scale and scalable labour pool. Advantages and disadvantages of offshoring and outsourcingAdvantages of offshoring – An organisation that select to go into offshoring whichwill definitely reap both short term and long term advantages. Offshoring allow businessowners in order to focus on business success and growth. This will take off tasks such asaccounting and marketing from their hands without troubling about possibility of reduction inquality of work. Disadvantages of offshoring – Offshoring has major disadvantages, with the mostprominent being exposing the business to risk of data breach and cyber attack. For selectingcorrect type of outsourcing agency is very essential since falling to do so it can cause businessto fall trap in hidden costs and even a drop in customer engagement. Advantages of outsourcing – This will assist in cut down cost and value. The mainbenefit of outsourcing includes accessing skilled expertise, flexible staffing, increasingefficiency and reduction in overhead. It will help company in gaining high competitiveadvantages.
Disadvantage of outsourcing – The biggest disadvantage of outsourcing is the risk oflosing sensitive data and loss of confidentiality. It is essential for checking and analysing inplace to avoid data loss. In this, hidden cost and legal issues are occurs of outsourcing termsand conditions are not clearly defined. Ways through which risk of offshoring and outsourcing can be overcome by an organisationThere are various ways through which risk of offshoring and outsourcing can beovercome by ALDI in better manner. They need to change management, focus on maintainingculture, provide training and development sessions and improvement in current strategies. Section Four: Activities and timescalesActivities to be carried out during the researchproject (e.g research, development and analysis ofideas, writing, data collection, numerical analysis,tutor meetings, production of final outcome,evaluation, writing the report):Research is in- depth investigation of topic for providingsome specific recommendations and conclusions, so thereare different activities associated with it. Some activitiesare discussed as under-IntroductionSetting aims and objectivesLiterature reviewResearch methodologySubmission of research proposalCollection of dataAnalysis of dataConclusion and recommendationsSubmission of final reportHow long this willtake: 2 days4 days11 days17 days1 day22 days18 days3 days1 day
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