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Effect of Outsourcing in Firm's Production in Industry

   

Added on  2023-06-12

11 Pages2995 Words89 Views
Running head: BUSINESS RESEARCH
Effect of outsourcing in firm’s production in
industry
Effect of Outsourcing in Firm's Production in Industry_1
BUSINESS RESEARCH 1
Table of Contents
Table of Contents..................................................................................................................................2
Reflection report...................................................................................................................................3
1. Evaluate the effectiveness and your usefulness of the learning experience....................................3
2. Explain how this learning process will be useful to you................................................................4
3. Describe objectively what happened in the learning process.........................................................6
4. Evaluate what you learn.................................................................................................................7
5. Explain your learning process........................................................................................................7
6. Explain Plan how this learning you will apply...............................................................................9
References...........................................................................................................................................11
Effect of Outsourcing in Firm's Production in Industry_2
BUSINESS RESEARCH 2
Reflection report
1. Evaluate the effectiveness and your usefulness of the learning experience
This business research has developed my understanding regarding advantages and
disadvantages of business outsourcing. This learning would be effective to use it in the
business practices. I observed that outsourcing is an effective procedure that is executed by
the company to manage their limitations like cost and time. It is also examined that business
outsourcing activity is the business procedure wherein the large organization deliver their
daily business activity to the third party organization for attaining huge amount of consumers
(LiuWang and Huang, 2017). It could be imperative for managing the time and cost in the
organization. This learning was imperative for improving my professional career that would
support me to manage the outsourcing of business functions.
The literature review section part supports to critically analyse the pros and cons of
outsourcing business function. In this way, I have pointed that outsourcing is applied in the
procedure of business in terms of outsourcing their business functions to third party Company
for declining the organisation’s burden. The multinational companies could outsource their
consumer’s services to the third party Organization, which has the higher skill to manage the
business functions and obtain a reliable outcome (Solli-Sætherand Gottschalk, 2015). This
business outsources could be used by me to control the business activity of the company in
the upcoming period. As a result, I will be capable to effectively outsource the business
function to their third party company. It is analysed that outsourcing could be discussed
through the vendors who take responsibilities regarding human resource management, quality
management, asset management, and production process. It would be imperative for using
outsourcing in my firm to enhance the growth of business at international level.
I have gained my learning about the Positivism of outsourcing on firm’s production. In this
way, I have observed that judgment on outsourcing is based on the ‘make or buy’ in which a
Effect of Outsourcing in Firm's Production in Industry_3
BUSINESS RESEARCH 3
business assess the decision to develop the cost-benefit of adopting the business. It is also
focused that outsourcing is a significant element, which is applied to economize expenses
from the production.
I enhanced my experience towards advantages and disadvantages of outsourcing the business
activity. Through this, I understood that outsourcing offers many opportunities to the
organization for concentrating on their primary activities rather than wasting their cost and
time on the secondary activity. I also analyzed that outsourcing is effective to improve the
quality of business caused by limited business activity. It would also support to increase my
professional and personal career. From the literature review, it is evaluated that outsourcing
of business activity could be effective for improving the operational efficiency at least time
and cost. Through this, I have also analyzed that specialization in the outsourcing could
support me to gain the efficiency of business in the least time. It is also analyzed that
outsourcing could also help to decline the employee turnover from the organization that could
support to improve the quality of business (Solli-Sætherand Gottschalk, 2015). Consequently,
this research is effective for me to obtain success in the upcoming period. This business
research study has enhanced my understanding towards the outsourcing of business activity.
Through this way, it would be examined that outsourcing is effective for improving the
performance of the business as it would also support the organization to expand their business
at international level. This learning experience was also supportive to improve my proficient
skills.
2. Explain how this learning process will be useful to you
From the leaning procedure, it is evaluated that outsourcing of business activity could create
the language barrier for the organization. I analyzed that if the customer services are
outsourced to another country as it could create the difficulty to interact with different
languages. As a result, it would create higher probabilities of dissatisfaction level among the
Effect of Outsourcing in Firm's Production in Industry_4

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