Introduction Globalisationis termed as the integration of two or more nations, person and company beyond national boundaries for the overall purpose of growth. This concept directly helps business organisations in enhancing profitability which leads to overall development of society. Offshoring and outsourcing are also promoted by the concept of globalisation as it simply provides opportunities to business organisations.
Research Aim The main of research of current study is “To determine benefits and risk of offshoring and outsourcing for multinational company working at global level” A case study on TESCO.
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Research Objective To determine the concept of offshoring and outsourcing To identify major benefits and risks of offshoring and outsourcing for TESCO. To evaluate role of offshoring and outsourcing in the business growth of TESCO at international scale.
Findings Theme 1: Concept of offshoring and outsourcing Q1)Areyouawarewiththeconceptof offshoring and outsourcing? Freque ncy a) Yes25 b) No15
Continue.. Theme 2: Outsourcing and offshoring influences financial performance of TESCO Q 2) Do you think outsourcing and offshoring influences financial performance of TESCO? Frequency a) Agree30 b) Disagree10
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Continue.. Theme 3: Main benefit of offshoring and outsourcing for TESCO Q 3) As per your opinion, which one of the below stated is main benefit of offshoring and outsourcing for TESCO? Frequency a) Less consumption time15 b) Reduces operational cost of company15 c) Better approach to expertise staff10
Theme 4: Offshoring and outsourcing enhances profitability of TESCO Q4)Doesoffshoringandoutsourcingenhances profitability of TESCO? Frequency a) Agree32 b) Disagree8 Continue..
Recommendations With the help of above stated report, it has been identified that there are various factors which need to be considered by the management team of TESCO. It has also been said that if managers adopt all these recommendations effectively within the organization it will assist them for there future growth. For this, researcher give some recommendations to the management which assist in enhancing the quality of goods and services.
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References Webb, J., 2017. What Is Offshoring? What Is Outsourcing? Are They Different?. [Online].AvailableThrough: <https://www.forbes.com/sites/jwebb/2017/07/28/what-is-offshoring-what-is- outsourcing-are-they-different/#6b6d6c772a2e>. Overby, S., 2019. What is outsourcing? Definitions, best practices, challenges and advice.[Online].AvailableThrough: <https://www.cio.com/article/2439495/outsourcing->