This research explores the concept of outsourcing business functions and its impact on organizational performance. It discusses the benefits and drawbacks of outsourcing and examines the strategies used by organizations in business function outsourcing. The study aims to provide a comprehensive understanding of the topic.
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Running head: BUSINESS RESEARCH Outsourcing business functions Student Id:
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BUSINESS RESEARCH1 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
BUSINESS RESEARCH2 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
BUSINESS RESEARCH3 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
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BUSINESS RESEARCH4 identifies the measurable process in the context of quality service writing. There are many agreements, which might affect the cost and time of the business function completion. Statement of Research Problem This research topic is to examine the outsourcing of the business function in the business. In the existing business situation, it is effective for the organization to improve the understanding about the outsourcing of business functions as it leads to manage the activity and support to lead each employee of the organization in an effective manner (Glaister, 2014)It could also be imperative for an organization to get higher competitive benefits. In the current business era, the business faces competition issues to operate its business acts and get higher profitability in the context of the organizational issue. Moreover, the cost control could also be imperative aspect wherein different sources has been practiced by the firm as it could be known as the workplace treatment, co-operation, and strong mission and vision of the study. It is also stated that outsourcing is one of the imitative methods that is practiced by the organization to manage the restraints like time as well as cost. Business outsourcing is the tool that has been enhanced popularity in the recent era (Schniederjans, Schniederjans, & Schniederjans, 2015).It works as the business in which the large organizations determined to offer its routine job act to a third-party company as it is effective to manage the time as well as a cost within the firm. Through this way, most of the activities are related to consumer care act as well as such acts could not be care with workplace acts. In the recent era, it is determined that outsourcing is created from the big industry wherein different business acts has been outsourced by the third party firm (Patil & Wongsurawat, 2015). Research Questions ď‚·What do you understand by the meaning and concept of the outsourcing of the business function
BUSINESS RESEARCH5 ď‚·How outsourcing of the business function could influence the overall performance of the organization ď‚·What are the strategies used by an organization in the business function outsourcing
BUSINESS RESEARCH6 References Baraldi, E., Proença, J. F., Proença, T., & De Castro, L. M. (2014). The supplier's side of outsourcing: Taking over activities and blurring organizational boundaries.Industrial Marketing Management,43(4), 553-563. https://www.sciencedirect.com/science/article/abs/pii/S0019850114000236 Glaister, A. J. (2014). HR outsourcing: the impact on HR role, competency development, and relationships.Human Resource Management Journal,24(2), 211-226. https://onlinelibrary.wiley.com/doi/abs/10.1111/1748-8583.12031 Kumari, S., Singh, A., Mishra, N., & Garza-Reyes, J. A. (2015). A multi-agent architecture for outsourcing SMEs manufacturing supply chain.Robotics and Computer-Integrated Manufacturing,36, 36-44. https://www.sciencedirect.com/science/article/abs/pii/S0736584515000071?via%3Dihub Patil, S., & Wongsurawat, W. (2015). Information technology (IT) outsourcing by business process outsourcing/information technology enabled services (BPO/ITES) firms in India: A strategic gamble.Journal of Enterprise Information Management,28(1), 60-76. https://www-emeraldinsight-com.ezproxy.cqu.edu.au/doi/full/10.1108/JEIM-09-2013-0068 Pearce II, J. A. (2014). Why domestic outsourcing is leading America's reemergence in global manufacturing.Business Horizons,57(1), 27-36. https://www.researchgate.net/profile/John_Pearce4/publication/ 259085388_Why_domestic_outsourcing_is_leading_America %27s_reemergence_in_global_manufacturing/links/5b01d927a6fdccf9e4f65800/Why- domestic-outsourcing-is-leading-Americas-reemergence-in-global-manufacturing.pdf
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BUSINESS RESEARCH7 Schniederjans, M. J., Schniederjans, A. M., & Schniederjans, D. G. (2015).Outsourcing and insourcing in an international context. Routledge. https://doi.org/10.4324/9781315701936
BUSINESS RESEARCH8 Appendix Team Charter Explain the team’s agreed goals and timeline for completion (Due dates, meetings, milestones, and deliverables from individuals) the team’s agreed on goals Due datesmeetingsmilestonesdeliverables from individuals Market research3 weeksAlternate meet for conversing on how much work has been done Market selection Allocate the diverse market to each individual Literature Review 1 weekAlternate meet with team to know how much data has been conducted Market research Allocate the diverse market to each individual Selection of the reliable sample size 2 weekAll the member of the group has been meeting twice in a week. Sample size selection Allocating individual to the selection of sample Conducting survey 2 weeksWeeklyPracticing a Close-ended questionnaire The information regarding the study will be distributed to all member of
BUSINESS RESEARCH9 the group to prepare a questionnaire Data analysis2 weeksDailyUsing Ms-excel to evaluate the collected data Data will be evaluated by the people that are competent to answer the research questions. Who is responsible for each activity? Research ActivitiesResponsible person Appropriate selection of the research issue Team of Marketing Research aims developmentManager of Marketing Selection of data collection methodTeam of research and development Development of the QuestionnaireTeam of Market research Research sample sizeThe team involved in the study Data examinationTeam of Data analyst Writing of ReportTeam of Marketing Final Report SubmissionTeam of Marketing
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BUSINESS RESEARCH10 What particular team-roles will each member contribute to the team? In my group, each participant has given their best contribution to accomplish its common goal as they all give their best contribution to each member of the team. The team could also enable each member to accomplish their task. In the case of absence, workforces are on leave then the group members would be responsible for managing with problems of the project done by the workforces on leave. It will direct to meet the objective of the group. What are your team’s expectations regarding meeting attendance (being on time, leaving early, missing meetings, etc.)? My group’s expectation about the meeting attendance is accessible on the time as well as informing about the transcript to a people who do not being a part of the meeting due to the emergency. Moreover, my main motive of this is that each member should be aware of the information sharing as well as strategies for accomplishing the aim and objectives of the team. In addition, it is evaluated that team member shares each member should evaluate each issue of the firm that is confronted by a group member to meet the aim of the study. What process will team members follow if they have an emergency and cannot attend a team meeting or complete their individual work promised to the team (deliverable)? The team group member would use certain approaches to those employees who did not attain the meeting caused of emergency or attain their individual work which is promised to group. These approaches might be informed by considering the emails, message, and deliberates the goal with another group member that is willing to perform well in the working place. It can also be
BUSINESS RESEARCH11 effective for contacting other members as well as a team leader. It could also be imperative for the accomplishing the aim and objectives of a team member. What are your team’s expectations regarding the quality of the team members’ preparation for team meetings? I expect to each member that the skills of each member have been matched with the decided certain partners as it would be effective for the attainment of the organizational task. Consequently, the quality of the team group is chosen for the meeting of the team. In addition, it is evaluated that group member who is participating in the team meeting and their qualification will match with the attainment of this meeting goal. I will make a clear goal for my team members about their participation for the attainment of the meeting goal in the specified resource. I also set each activity that will be considered in the meeting for the attainment of the organizational task. What are your team’s expectations regarding team members’ ideas, interactions with the team, cooperation, attitudes, and team-member contributions in general? My team member shares their unique ideas to each other and directly communicating with each other for solving a particular issue. I expect that my group member will demonstrate the positive attitudes towards the group member. The team member could corporate to each other and give their best efforts in the team to meet the common objective. The team member should have a willingness towards each other for working on the same goal. It could also be effective to meet the objectives and aim of the group. I would also expect that group member should give their participation in team and share their past learnings as it could be associated with challenges of task, which could lead to complete the goal of the team.
BUSINESS RESEARCH12 How will your team ensure that members contribute as expected to the team and that the team performs as expected? I would ensure that each group member could contribute to the group for performing well in the working place. The team could also be supported by each member for implying different approaches. I would also set their daily target to assure that each member will be capable to get the feasible result as it could be possible by collecting feedback from others. I would use the weekly meeting for analyzing whether they were lacking in the specified target as well as issues that might be faced by the team member to meet the target. I would evaluate the inspiration level of a team member due to meet the target. I would be capable to lead systematically to my team member and ensure them to perform higher in working place. It would influence the overall productivity of the team. How will your team reward members who do well and how will you collectively manage members whose performance is below expectations? I would offer the rewards to the group member who performs well in the working place for conducting suitable behavior as it would lead to attracting a huge number of the consumer for meeting the aim of the study. I would compare the actual outcome to the performance indicators for reaching the reliable conclusion. It is also evaluated that reward could be an imperative tool that leads to getting a reliable outcome. It is examined that I would be capable to manage the performance of my team members and imply suitable strategies for improving their performance. I would use the direct meeting with a team member who is the part of the team, which will directly impact on the overall performance of the team and support to make a favorable decision with respect Add any other team agreements and commitments here
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BUSINESS RESEARCH13 The project commitment is that each group member will obligate to support others to meet the common objective. It is also stated that each member of the team will be obligated to meet the goal on their own level.