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Outsourcing Business Functions

   

Added on  2023-01-23

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Running head: BUSINESS RESEARCH
Outsourcing business functions
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Outsourcing Business Functions_1

BUSINESS RESEARCH 1
Table of Contents
Topic identification and discussion.............................................................................................................2
Initial literature search.................................................................................................................................2
Statement of Research Problem...................................................................................................................4
Research Questions.....................................................................................................................................4
References...................................................................................................................................................6
Appendix.....................................................................................................................................................8
Team Charter...............................................................................................................................................8
Outsourcing Business Functions_2

BUSINESS RESEARCH 2
Topic identification and discussion
In the present time period, it is effective for the organization to gain their understanding of the
outsourcing of business functions for smoothing the flow of activity and reach a reliable
conclusion. In the current business period, business outsourcing could be practiced for managing
the activities of the firm and supports to converse with consumers. Therefore, it is evaluated that
outsourcing could be a free up cost that is also effective for the managing the activity in the least
time and cost (Baraldi, Proença, Proença, & De Castro, 2014). For saving of the cost, the
organization might employ the business functions approaches with respect to concentrate on the
core business activities. This facilitates to the firm for devoting the more materials to what the
organization do well that could enhance the competitiveness and efficiency of the firm (Pearce
II, 2014). It is also stated that production could be streamlined as well as times of production is
shortened as it reducing the operational costs. Therefore, it is examined that the market of
Australia is leading market that deals with a huge number of consumers that are lies between the
middle-income group of people. It can be determined that the organization could reach at the
huge number of consumers. For completing the same, the organization could outsource their
activities and make the decision accordingly (Patil & Wongsurawat, 2015).
Initial literature search
Meaning and concept of business functions outsourcing
As per the view, Schniederjans Schniederjans & Schniederjans (2015) the outsourcing of
business function is determined as the process of business wherein organization outsources is
determined as the process of business wherein the firm outsources some activities of the business
functions to the third party of the firm. For example, a multinational organization might
outsource its consumer's service act to the third party firm, which has been the efficiency to the
Outsourcing Business Functions_3

BUSINESS RESEARCH 3
business process of the firm. This example could be practiced as business practices outsourcing.
Moreover, it is also stated that outsourcing is being a larger industry that is identified as the
business procedure of outsourcing. It is evaluated that certain job acts could be outsourced to the
third party company such as housekeeping services of large office facilities and office building.
It led to the determination of service management as the flow of practices of business.
To evaluates the benefits of business functions outsourcing
In support of this, Kumari Singh Mishra & Garza-Reyes (2015) stated that business outsourcing
functions are effective for the firm as it offers an opportunity that is more emphasis on the core
abilities instead wasting its money, time, and efforts on uninteresting activities. It is stated that
there are many organizations that are involved in business outsourcing acts due to saving their
cost in lest time. It is examined that financial organization could more concentrate on business
outsourcing acts as compared to other activity. The organization could confronted issue at time
of implying the business outsource acts in the firm due to lack of interest of outsource workforce.
It is also stated that outsourced employees have not same knowledge and passion for
organization as a permanent workforces.
To comprehend the cons of business functions outsourcing
On the other side, Glaister (2014) outsourcing creates quality risk for an organization. The
outsourcing could create the possibilities of potential legal risks. For illustration, sometimes the
parts of the car are defective then parts defective parts are outsourced. The manufacturer of cars
could hold the burden to correct the potentially damaged image of car makers. In addition, it is
stated that vendors need to develop a good image of faulty goods due to the burden on the
organization to precise the negative perception of consumers towards specific products and
services. It is stated that outsourcing could create poor quality service unless an agreement
Outsourcing Business Functions_4

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