Course Reflection - Assignment Doc
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Added on 2020-03-28
Course Reflection - Assignment Doc
Added on 2020-03-28
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Course Reflection 1COURSE REFLECTIONBy NameCourseInstructorInstitutionLocationDate
Course Reflection 2Reflective Journal1.Evaluate the effectiveness and your usefulness of the learning experience This course has truly been eye-opening in my journey as a business student. In class this course has given me a chance to explore and work through new business ideas and concepts and expandmy understanding of the business world. I continue to advance my learning through interchange of professional ideas with both my peers and faculty. I have been able to participate fully in pushing my learning experience to the maximum through a number of action-oriented activities such as case studies and simulations. This in turn has helped me to build my critical thinking, expand my knowledge and improve my thought process.2.Explain how this learning process will be useful to you in futureDuring the course of my study Iacquired important knowledge in class especially concerning business research into outsourcing.The competencies I have so far acquired give me belief that am pursuing the right professional career and that I am getting properly equipped to respond to real-world challenges once I graduate. Furthermore, I gained insight about important business functions such as outsourcing where a company entrusts non-core business functions to external parties. These vendors assume the responsibility of delivering agreed services to the principal fora fee. Generally the activities or functions that are outsourced are those that the company feels that they can be performed from an offshore point(Freytag & Clarke 2012).Most common functions that companies outsource include processing payroll, inventory management and call center services. I have come to appreciate the importance of this type of practice as well as the probable risks that may arise. Some of the advantages associated with outsourcing include the ability of the company to cut down on costs. I learnt some interesting scenario about how to take advantage of geography in outsourcing. Companies are able to negotiate for provision of some
Course Reflection 3functions at a much cheaper rate than if they were to undertake the function on their own(Freytag& Clarke 2012).An endearing example that I can remember is where there is significant difference in wages between say America and Asia. If a function can adequately be performed inAsia, then it makes logical sense to have this function transferred to Asia at a much lower cost but with same value addition.Outsourcing also bring the element of added efficiency since outsourcing partners have years of experience undertaking such a function which in most cases istheir core function and specialty. By virtue of this specialization, outsourcing offers a variety of skilled human resources that can satisfactorily address the function as may be required(Freytag & Clarke 2012).The end product of all this is faster and more satisfying service delivery.However much as outsourcing is good, I learnt during the fourth week that it can bring about serious and negative impact if it is not handled appropriately. Top on the list is the possibility of losing confidentiality of sensitive information to parties outside of the intended persons. There is also a chance that an outsourcing partner delivers poor services especially if they do not have prior experience handling such outsourced processes.3.Describe objectively what happened in the learning processI undertook a number of activities regarding business research. Essentially it entails a practical study where a company or individual seeks to obtain important data relating to customer experience, cost or a new product(Freytag & Clarke 2012).This information is then analyzed and fine-tuned to help make management decisions. Business research may include consumer feedback, analysis of the market competition or financial data. Business managers would then use this information to better understand their business standing as well as know the position such a business holds in the market and how to improve it.
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